Hospitality - Hotel
To boost traditional and MICE national tourism. Creation of approximately 100 jobs creation (just in the hotel). Recovery and reuse of abandoned building.
FDU (Arcano) together with Caja Rural (50%-50%) has granted a senior debt (mortgage) to a company belonging to Grupo Q in order to purchase, refurbish and enhance the old Residencia de Tiempo Libre. The asset is going to be operated as a 4 star hotel comprising 280 rooms, a of 4.749 sqm retail area and underground parking of 8.620 sqm in front of Playa de la Victoria (Cádiz). FDU Investment: 16.1 M€.