The agreement between the two companies forecasts an ambitious growth plan, through acquisitions and contributions of hotel assets in urban and resort locations.
The establishments will be situated in Madrid, Barcelona, the Balearic Islands, the Canary Islands, Costa del Sol, as well as in certain international destinations.
This Socimi has been created with the objective of facilitating the growth of these two groups in the Spanish tourism sector and consolidating their growth plans as operators.
According to the CEO of Vincci Hoteles, Carlos Calero, the opportunity for multi-management within the same Socimi means that a lot of value has been placed on the versatility that this new form of growth offers. The hotel chain, which has been operating in the sector for fifteen years, has forty hotels in its portfolio and owns properties in Spain, Portugal and Tunisia.
Meanwhile, the CEO of the Ilunion group, Alejando Oñoro, thinks that this agreement is good news for his company, as it represents another step in the consolidation of the group launched just over a year ago.