Iberian asset manager and investor Azora has made a substantial commitment to the Portuguese hospitality sector, investing over €200 million in the last 12 months in a portfolio of three hotels.
Azora board member Cristina García-Peri says that while Portugal is one of the most “attractive and consolidated destinations” it still has tremendous growth potential, and not only in terms of tourism.
“Portugal is a very business friendly destination too. Most of our investors are international, large institutional investors and are extremely comfortable with our exposure to Portugal,” García-Peri said.
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