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Millenium increases capital in €250M
28 June 2019 | Vanessa Sousa

In order to enter the Mercado Alternativo Bursátil the coming 4th of July, REIT Millenium Hotels Real Estate concluded this Wednesday a 250 million euro capital increase.

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450 new investors took part in this operation, mentioned Eje Prime, adding that there are, among them, family offices and international funds.

This is a necessary step for the REIT specialised in the hotel segment to move further ahead in the medium term. According to the same newspaper, its plan includes increasing its current portfolio – which has 5 hotels spread out through Madrid, Alicante, Seville and Bilbao – and thus achieve dimension to enter the Spanish continuous stock exchange. This transition is expected to take place in 2022.