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Azora, through the Azora European Hotel & Leisure, F.C.R. ("AEHL"), and the Med Playa hotel group, have begun the repositioning of two hotels in Benidorm: the Hotel Riudor and the Hotel Flamingo Oasis. The refurbishment project implies an investment of c. €11m and includes accessibility solutions and the latest sustainability and energy efficiency standards. Both establishments, which are part of AEHL s seed portfolio, have obtained BREEAM certification in the use of sustainable buildings and are scheduled to reopen in March (Flamingo Oasis) and May (Riudor). ....
Europe Hotel Transactions Bulletin - Week Ending 7 May 2021 share this article Advertisements Turm am Mailänder Platz hotel development in Stuttgart, Germany from Austrian developer STRABAG Real Estate for €137 million. The forward sale includes 429 rooms across two new-build hotels, collectively €320,000 per room, being a 169-room Adina Aparthotel and a 260-room Premier Inn. The development, which is scheduled to complete in December 2021, is located in Stuttgart s Europa district close to the new main railway station. The acquisition, which will be added to the buyer s open-ended real estate fund Unilmmo: Deutschland, follows a six month hiatus from the buyer on any new hotel investments on account of coronavirus. ....
Azora European value-add hotel fund acquires asset in Spain ipe.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ipe.com Daily Mail and Mail on Sunday newspapers.