PLMJ advises Turyleader on the sale of Vilalara Thalassa Resort to Azora

PLMJ advised Turyleader, SGPS, S.A., a private equity fund company managed by Oxy Capital, on the sale of Goldtur - Hotéis e Turismo, S.A., owner of the Vilalara Thalassa Resort, to Azora European Hotel & Lodging F.C.R., S.L.

PLMJ's team was headed by Duarte Schmidt Lino, the partner who co-heads the Corporate M&A practice and it included Teresa Madeira Afonso (partner), Pedro Menezes Cardoso (senior associate) and Tomé Baptista Cardoso (trainee), all from the same practice area.

Vilalara Thalassa Resort is a five-star hotel with 118 rooms located in the Algarve and this acquisition allows Azora Capital to strengthen its presence in that region. Azora is an independent investment manager based in Spain that specialises in real estate assets. Since 2014, the Azora Group has been the second largest investment manager in the leisure hotel sector in Europe.