Palminvest wants more after buying Portuguese hotel chain for $335 million
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LISBON (Reuters) - Private equity firm Palminvest is keen to acquire more hotels in Portugal after buying luxury chain Hoteis Real and other assets for 300 million euros as it looks to the sector's eventual recovery from COVID-19, its co-founder said.Eurico Almeida, who is also the new CEO of Hoteis Real, said the acquisition made in February as the pandemic spread from China to Europe was a risk worth taking although it could take up to five years to restore its profits to where they were..