Spanish Company Raises Funds to Invest in Hotel Purchases

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hotels
Azora’s Hotel Pez Espada Torremolinos Credit: medplaya.com

AZORA, a private equity real estate manager, has raised €680 million for the launch of a new fund, Azora European Hotel & Lodging, F.C.R.

It now has €1.5 billion to invest in leisure hotel opportunities across Europe, despite (or perhaps because of) the extended closure of so many hotels and has already proven the success of its strategies by investing €1.3 billion in hotels in the past few years.

Spain will be the main target but Azora also invests in other European countries.

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Married to Ophelia in Gibraltar in 1978, John has spent much of his life travelling on security print and minting business and visited every continent except Antarctica.

Having retired several years ago, the couple moved to their house in Estepona and John became a regular news writer for the EWN Media Group taking particular interest in Finance, Gibraltar and Costa del Sol Social Scene.

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