ESEN

Project

Residencia de Tiempo Libre - Cádiz

Goals

Environmental improvement and heritage preservation

Location

Cádiz

Business

Hospitality - Hotel

FDU Investment

16,1 M€

Impact

To boost traditional and MICE national tourism. Creation of approximately 100 jobs creation (just in the hotel). Recovery and reuse of abandoned building.

Description

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€.

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