Wednesday, September 28

The Government allocates 30 million public funds to the Soho hotel group

The Council of Ministers approved this Tuesday to inject 30 million euros of public funds to the hotel group Soho to help you overcome the effect on your business of the outbreak of the COVID pandemic.

This was announced this Tuesday by the Minister of Territorial Policy and spokesperson, Isabel Rodríguez, at the press conference after the meeting of the Council of Ministers, just three days after the end of the year.

The hotel group had requested the rescue of the Fund for Support to the Solvency of Strategic Companies that manages the State Society of Industrial Participations (SEPI), Like many other companies in the tourism sector, one of the hardest hit by the pandemic unleashed almost two years ago.

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Soho Boutique Hotels It has more than twenty hotels spread over different Spanish cities, including Córdoba, Málaga, Salamanca or Cáceres.

Last week the Council of Ministers also approved granting a loan of 35 million to the Losán logging group from this fund that, after a year and a half of its constitution, has only granted a dozen bailouts, including today.

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