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Xpandia invests €43M in 8 new hotels
16 September 2019 | Ana Tavares

Developer specialised in hotel construction Xpandia expects to close the year with a total investment of 43 million euro in eight hotels. 5 of these projects are already under way.

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According to EjePrime, all the assets are located in the Valencian Community and Andalusia, besides one other building in Madrid which is under negotiation, the company’s first project in the Spanish capital, with 119 bedrooms.

This investment is part of a more ambitious plan. Xpandia wants to invest in 28 hotels until 2024, and with that goal in mind, is looking for a business partner. It is currently negotiating with several investment funds in order to achieve the necessary financing.

 

Photo: EjePrime