Investments
Pierre & & Vacances is reinforcing its position in the Spanish hotel market by incorporating, remodeling and updating 8 hotels in between Spain and Andorra, as part of the alliance sealed at the end of 2021 with the British investment firm Sixth Street.
A brand-new operation that enables the group to broaden its portfolio in the Iberian Peninsula however likewise to combine its relate to Sixth Street, the 2 entities having actually currently collectively gotten 5 hotels in Spain in 2021.
The brand-new homes are:
- Benidorm East hotel, a totally remodelled 4-star hotel in the Valencia area arranged to open in March
- The 3-star hotel Roquetas el Palmeral, with a reform of all typical locations and which will open in February
- Two brand-new hotels on the Catalan coast
- The 4-star hotel Lloret Santa Rosa
- The 3-star hotel Salou Sunset
- The 4 star Hotel Starc in the heart of Andorra la Vella
- The Menorca Cala Blanes houses that will open at the end of April
- Benidorm Horizon houses arranged to open in early March
With this in mind, the chain is enhancing its position on the Costa Brava and increasing the lodging capability of its Estartit Playa facility. With 78 totally remodelled systems, it will include an overall of 276 homes with a capability of 3 to 6 individuals for this summertime season.
With this, the chain combines its growth strategy in Spanish area, where it currently has 45 apartment building, hotels and resorts and has a portfolio of more than 5,000 systems.
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