Azora, a private equity real estate manager, agreed to acquire Arenas Resort Giverola, a hotel in Costa Brava Spain, from Arenas The Resorts, a hotel group. Financial terms were not disclosed. “Having completed the initial capital raise for our latest hotel fund last summer, we have patiently observed the sector against the backdrop of the pandemic while assessing a number of opportunities.This significant acquisition is our first for the Fund since assembling its seed portfolio and presents us with an opportunity to fully reposition an extremely well-located resort in a popular destination area for domestic and international tourists.By utilising our deep asset management expertise we will aim to add value and increase operating income at the resort in order to deliver attractive returns on behalf of its investors," Monica Garay, Azora Senior Partner and Head of Alternative Lodging.