Spain: VDHG enters into Hotel Market

22.03.2002

Von der Heyden Group is proud to announce that the group bought a stake in the mid-size Spanish Hotel Operator Asturme S.L. The company is currently going through a re-branding process and will be called IBB Hotels throughout Spain.

IBB owns or operates various hotels on the Mediterranean Island Menorca, Palma de Mallorca, Vigo, Viella (Spanish Pyrrenees).

The Operator goes through a strong period of growths, new ownership structure guarantees the necessary funds for the expansion.

IBB is currently considering various proposals to increase its presence on the Spanish peninsula and may also do business soon in Central Eastern Europe.