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Millennium Hotels Goes Public on MAB at €5 Euros Per Share

5 July 2019 – Richard D. K. Turner

Millenium Hotels Real Estate Société debuted yesterday, July 4, on the Alternative Stock Market (MAB), valued at 250 million euros. The company immediately entered the ranks of the ten largest listed socimis on the stock exchange. A favourable valuation report set the share price (“YMHRE’) 5 euros.

Millenium Hotels is a Spanish socimi that focuses on the acquisition of hotel buildings to lease to dedicated. The firm has an investment capacity of 500 million euros, which it intends to deploy fully within the next eighteen months. Millenium currently owns five assets, two of which are already in operation.

Original Story: Europa Press