Spanish property group Metrovacesa has acquired two hotels for EUR 53 mln in Spain, one near Barcelona and the other in Fuerteventura. In a press release, Metrovacesa said the first hotel will provide 118 rooms when it opens February 2008.
Portuguese real estate investor and developer Bondstone is investing around €70 mln in a residential development in Belas Clube de Campo, municipality of Sintra, Portugal.
