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Azora, through the Azora European Hotel & Leisure, F.C.R. ("AEHL"), and the Med Playa hotel group, have begun the repositioning of two hotels in Benidorm: the Hotel Riudor and the Hotel Flamingo Oasis. The refurbishment project implies an investment of c. €11m and includes accessibility solutions and the latest sustainability and energy efficiency standards. Both establishments, which are part of AEHL s seed portfolio, have obtained BREEAM certification in the use of sustainable buildings and are scheduled to reopen in March (Flamingo Oasis) and May (Riudor).

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