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Minneapolis, July 28, 2021 /PRNewswire/ – Castle Lake, LP (“Castlelake”), a global alternative investment management company with 15 years of rich asset opportunity investment experience, today announced that some of its funds will acquire up to 49.9% of the shares. Millennium Hotel Real Estate, A listed real estate investment company focusing on luxury hotel properties Spain and Portugal (BME: MHRE). Through the transaction, Castlelake will become the company’s major shareholder and will have three seats on its board of directors.
Castlelake’s investment in MHRE is based on the company’s investment in EuropeSince its establishment in 2005, it has acquired more than 7,000 assets in 12 European countries. [robust/deep] The experience of investing in Spanish land and real estate includes…
The full story on Benzinga.com
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