Covivio, a major player in the European property market, has strengthened its position in the hotel sector by acquiring Generali's 8.3% stake in Covivio Hotels in exchange for new Covivio shares. This transaction, equivalent to the acquisition of 500 million euros of assets and a strengthening of equity capital of almost 300 million euros, represents a decisive step in Covivio's development in the hotel sector, a fast-growing market. Following this operation, Covivio will hold 52.2% of the capital of its subsidiary Covivio Hotels and will launch a public bond exchange offer for the remainder of the capital.