Grupo Empresas Matutes acquires Azora's 75% stake in three luxury hotels in Ibiza and Sicily

Grupo Empresas Matutes acquired Azora's 75% stake in the joint venture: "acquire its 75% stake in the joint venture". The joint venture was created in 2019: "joint venture created in 2019". The strategic project was launched in 2019: "strategic project launched in 2019". The three hotels total nearly 1,000 rooms: "totalling nearly 1,000 rooms". Individual hotel details: Bless Hotel Ibiza (151 rooms, luxury, Cala Nova, BLESS Collection Hotels brand); TRS Ibiza Hotel (376 rooms, premium all-inclusive, adults-only, Cala Gració, TRS brand); Grand Palladium Sicilia Resort & Spa (469 rooms, family holiday segment, north coast of Sicily, Grand Palladium brand): "Bless Hotel Ibiza, a luxury hotel with 151 rooms located in Cala Nova and part of the BLESS Collection Hotels brand. TRS Ibiza Hotel, a premium all-inclusive, adults-only resort with 376 rooms, located in Cala Gració, Ibiza. Grand Palladium Sicilia Resort & Spa, a resort with 469 rooms located on the north coast of Sicily, focused on the family holiday segment. The properties will continue to be operated by Palladium Hotel Group under the Bless, TRS, and Grand Palladium brands."