Quartiers Properties enters into operating and cooperation agreement for a new lifestyle hotel at Centro Forestal Sueco in Marbella
Quartiers Properties AB (publ) (“Quartiers” or “the company”) has entered into an operating and cooperation agreement regarding the development and operation of a new lifestyle hotel and restaurant on part of the plots known as Centro Forestal Sueco in Marbella. Quartiers will own 50 percent of the new operating company, which is expected to open for business in mid-2019. The hotel will initially have around 50 rooms, and the property company will invest approximately EUR 1.2 million in the project. The remaining EUR 3–4 million will be invested by the jointly owned operating company. The