Azora European acquires aparthotel in Portugal

Posted Friday, October 22nd 2021
Azora European acquires aparthotel in Portugal

Spanish investment manager Azora European Hotel & Lodging announced it has acquired an aparthotel in Vilalara, Portugal. The group acquired 100% of the shares in Goldtur - Hóteis e Turismo from Turyleader, a Portuguese hotel operator. Goldtur owns the majority of the five-star aparthotels operated under the brand "Vilalara Thalassa Resort". Azora also entered into a hotel management agreement with Blue & Green – Serviços e Gestão, which was already managing the aparthotel.

The value of the deal was not disclosed. Azora was advised by Uría Menéndez, whose Portuguese real estate practice is ranked Excellent by Leaders League. Partners Fernando Azofra, Francisco da Cunha Ferreira, Marta Pontes, Rafael Castillo Echevarría, Verónica Nobre, and Domingos Braga advised on the deal for Uría.