Eurolife becomes strategic partner in Grivalia Hospitality

Eurolife ERB officially became strategic parnter of Grivalia Hospitality -a member of Grivalia Properties- after contributing 30 million euros in a 58-million-euros share capital increase plan successfully completed by the company.

In an announcement, Grivalia Hospitality said its share capital totaled 60 million euros, equally distributed between Grivalia and Eurolife.

The new money will be used to fund Grivalia Hospitality’s investment program on high-quality tourist real estate assets, while the company said there was increased interest for participation by other investors in the equity capital of this unique investment/development platform.