Global Trade Alert
Global Trade Alert

Spain: EUR 30 million financial support to Grupo Soho Boutique Hoteles (COVID-19)

Announcement

28 Dec 2021

In December 2021, the Spanish government approved a financial package in favour of Grupo Soho Boutique Hoteles. The operation was issued under the Recapitalization Fund approved in July 2020 in response to the COVID-19 pandemic (see related state act).

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

28 Dec 2021

Revocation date:

No revocation date

Capital injection and equity stakes (including bailouts) In force

On 28 December 2021, the Spanish government published an agreement approving a EUR 24 million (USD 27.1 million) loan in favour of Grupo Soho Boutique Hoteles. The beneficiary, founded in 2014 and hea...

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