Azora, a Madrid-based real estate investment manager, has further diversified its hotel portfolio in Portugal with the acquisition of the Praia d’El Rey Hotel 5* & Golf Resort from Oxy Capital. The deal includes a 177-room Marriott hotel, two of Portugal’s top golf courses, and the management of 90 apartments. This acquisition adds to Azora’s existing portfolio of six high-end hotels in Portugal, reflecting their strong belief in the country’s tourism sector. Azora intends to invest further in the property to enhance its positioning and quality. This move marks a significant expansion for Azora and underlines their growth strategy in the European leisure and hospitality market.
Hospitality, Real Estate Investment,Portugal, Spain
https://www.azora.com/en/blog/azora-further-strenghtens-its-hotel-portoflio-in-portugal-with-the-acquisition-of-praia-del-rey-hotel-5-golf-resort/