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Spanish State Injects €90 Million Into Twelve Hotels Under Development

The funds will come from the European Union Recovery and Resilience Plan. Regions that will benefit include Andalusia and the Canary Islands.

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The Spanish government will allocate 90 million euros from European Reconstruction and Resilience funds to twelve hotel projects under development in Andalusia and the Canary Islands. These funds will be provided on a non-repayable basis, according to La Información.

These hotel projects, plus one leisure and two food projects, will channel an aggregate investment of 450 million euros and generate a thousand jobs.

Some of the complexes that will benefit include the former Hotel Almenara de San Roque in SO Sotogrande, the Royal Cupido in Chiclana de la Frontera, the luxury resort of the Radisson Blu chain in Mogán (Canary Islands), a project by the Gloria Palace Group, another by the Anpora Group and the Hotel Noga.

Read the full article in Spanish

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