Hotusa is returning the 52 million advance aid given to her by SEPI

hotel group Hotusa prematurely repaid EUR 52 million, plus interest, of a total loan of EUR 241 million that was approved two years ago by the Fund for Solvency Support of Strategic Enterprises, which is managed by the State Company for Industrial Shares (SEP), as reported yesterday by the company i to make company public.

Hotusa explained that the “excellent numbers” with which it closed 2022, with turnover growth of 1.5 percent compared to 2019, as well as “good prospects for this year”, enabled the yield shift.

The positive results achieved last year were based on the recovery of demand, especially since the summer season, and on the optimization of the efficiency ratio, which enabled the company to continue growing in all business areas, especially in the hotel business, the group pointed out.

The Council of Ministers approved the aid in October 2021, considering it a “strategic company” for Spain. The support was channeled through the allocation of a participatory loan in the amount of EUR 190 million and another ordinary loan of EUR 51 million, he reported. to make company public.

This partial depreciation of Hotuša was added to 320 million euros of the total early liquidation that he carried out avoris Business Corporation last December includes an early return of 372 million euros, 11.4% of the total amount approved by the SEPI rescue fund. This temporary mechanism of public support to strengthen the solvency of non-financial companies affected by the pandemic made it possible to maintain the activity of companies that, as in these cases, operate in a strategic sector such as tourism.