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 your entire 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 resort is situated in Vilamoura within the Algarve, Portugal’s most southerly area.
Meridia acquires two inns in Barcelona and Malaga, Spain
Spanish funding agency Meridia has acquired two inns 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 car thus far.
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