US EditionAzora Invests in Greece’s Donkey Hotels
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2 Articles
Azora Invests in Greece’s Donkey Hotels
In an effort to strengthen its presence in the Greek hospitality sector, Spanish investment manager Azora has decided to develop a strategic alliance with the Ioannou family, the founders of Donkey Hotels. This marks Azora’s latest step in expanding its portfolio in Southern Europe and capitalising on Greece’s steadily growing tourism industry. The partnership has been formalised through the… Source
Azora, one of the leading asset managers in the hotel and leisure sector in Europe, and the Ioannou Family have signed a strategic collaboration agreement to develop Donkey Hotels as an institutional hotel platform in the Greek market. The joint venture has been created through the acquisition by Azora-managed funds of a 50.1% stake in Donkey Hotels S.A., while the remaining 49.9% remains in the hands of members of the Ioannou Family, represente…
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