This new asset will operate as Seven Pines, and will open in October this year, according to Spanish Real Estate. There will be 418 beds (over 2 villas and 195 suites), with prices per night from 230 to 3000 euros.
The group estimate earnings of 15 million euros from the complex during its first year and will attain a 5% growth from now on, says the same source.
This tourist undertaking is part of a portfolio of more than 250 million euros, and is one more step in the strategy for strengthening presence in Spain for this company, which is looking for opportunities in Barcelona, Mallorca and Marbella, according to the same source.