Azora Group completed the acquisition of Praia d’El Rey Resort from Oxy Capital.

Azora Group, a real estate investment manager, completed the acquisition of Praia d’El Rey Resort from Oxy Capital, an alternative asset management firm. Financial terms were not disclosed. “This transaction reflects our strong conviction in the hospitality sector across the Mediterranean and Southern Europe. Consolidating our presence in Portugal with a hotel and golf resort of this quality is a key milestone for the Fund, as we continue to expand our footprint in high-potential markets. We strongly believe in the Portuguese market and its enduring appeal and strong market dynamics, not only for attracting European visitors, but also for catering to the growing US tourist base,” Concha Osácar, Azora Founding Partner.