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Agred invests €21M in new hotel in Malaga
28 May 2020 |

Even during times of pandemic, there are those who invest in hotels. Agred was the first company to announce a 21 million euro investment to build a new hotel located in Estepona, Malaga.

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The hotel will be located next to the Costa Natura beach. Negotiations with operators have already started and, according to daily newspaper Eje Prime this Wednesday, the winner will have the opportunity to decide on the hotel typology: 128 rooms or 98 apartments.

The development of the hotel will include sanitation safety measures, amongst which an investment on mobile apps to avoid common contact areas.

Agred is part of group Agrojardín, which projected the development of more than 200 dwellings in the same municipality. This investment alone represents 100 million euro.