Azora reveals hotels strategy following €148m Algarve deal
Madrid-based investment manager Azora recently acquired two five-star hotels in Portugal’s Algarve in a €148 million sale-and-manageback transaction with hotel and restaurant group Minor International (MINT).
Azora’s head of hotels Javier Arús explains the strategy behind the acquisitions and the company’s strategy going forwards and the adjustments that it has made following the pandemic’s affects on travel.
“Today we think that the window of opportunity is in the resort segment, so we’re probably going to be more biased towards that and probably delay the deployment of capital into the city segment,” he told Real Asset Insight’s Richard Betts.
Click on the video above to watch the full interview or listen to the podcast below.