Pierre & Vacances strengthens its presence in Spain

Investments

Hotel Benidorm East

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:

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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