ENXTPA:COVREITs
Evaluating Covivio (ENXTPA:COV) After Porto Hotel Acquisition And Expanded Meininger Partnership
Covivio (ENXTPA:COV) has agreed to acquire a hotel under construction in Porto, Portugal, which is pre leased for 20 years to Meininger, adding a fourth asset to their long term partnership.
See our latest analysis for Covivio.
That Porto hotel deal lands after a period where the 1 year total shareholder return is 12.38%, even as the 30 day share price return shows a 5.12% decline and year to date momentum is softer.
If this hotel move has you thinking about where else capital might find long...