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Pestana acquires the Pestana Vila Sol Vilamoura in Portugal from Santander
Portuguese tourism organisation Pestana Group has acquired the five-star, 189-room Pestana Vila Sol Vilamoura, a part of the Vila Sol complicated, for a complete €43 million (€228,000 per key) for the whole complicated, from worldwide asset supervisor Santander AM. Pestana was already the operator of the property, which additionally consists of 18-hole and 9-hole golf programs and extra land for additional improvement of some 7,770 sqm. The lodge is situated in Vilamoura within the Algarve, Portugal’s most southerly area.
Meridia acquires two resorts in Barcelona and Malaga, Spain
Spanish funding agency Meridia has acquired two resorts in Spain with a mixed 213 rooms: the four-star, 110-room Gallery Lodge Barcelona in Barcelona’s metropolis centre; and the four-star, 103-room Lodge Molina Lario in Malaga, for an undisclosed sum. Meridia is about to implement a CapEx programme on the properties sooner or later to improve them to the higher four-star section. This acquisition marks the primary funding for the newly raised Meridia V fund (the group’s fifth actual property fund), anticipated to be their largest automobile to this point.
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HVS is the world’s main consulting and valuation companies group targeted on the lodge, restaurant, shared possession, gaming, and leisure industries. Established in 1980, the corporate performs greater than 4,500 assignments per yr for nearly each main trade participant. HVS principals are thought to be the main professionals of their respective areas of the globe. Via a worldwide community of over 50 workplaces staffed by 300 skilled trade professionals, HVS gives an unparalleled vary of complementary companies for the hospitality trade. For additional data concerning our experience and specifics about our companies, please go to www.hvs.com.
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