Azora has acquired Medplaya, enhancing its presence in the Spanish hotel market and expanding its portfolio to 54 properties.

Target Information

Azora has successfully acquired Medplaya Hotels, S.L., one of Spain's prominent hotel operators, renowned for its extensive portfolio of hotels. With 15 hotels and approximately 4,000 rooms in prime tourist locations, Medplaya has established itself as a credible player in the hospitality industry. The acquisition involves six owned hotels situated in Costa del Sol and Catalonia, contributing over 1,500 rooms, along with the operational management of additional hotels under lease agreements.

Founded in 1967, Medplaya offers a variety of accommodations across popular Spanish regions, including Costa Brava, Costa Dorada, and Costa de Barcelona. Azora had previously acquired seven hotels from Medplaya in 2019, effectively streamlining operations under lease agreements and fostering a robust partnership aimed at reaping mutual benefits.

Industry Overview in Spain

The Spanish hospitality sector is a vital component of the country's economy, drawing millions of tourists each year, primarily from Europe. With enchanting landscapes, rich history, and diverse culinary offerings, Spain remains a top travel destination, m