Spanish fund manager Azora has joined forces with Palladium Hotel Group to launch a new company that will invest up to €500 mln in the European resort hotel market.
Spanish fund manager Azora has joined forces with Palladium Hotel Group to launch a new company that will invest up to €500 mln in the European resort hotel market.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.