The ECB has been studying the risks that the CRE downturn is posing to banks after a downturn triggered by rising rates.

The building was refurbished into a modern "green" complex after an investment of €60 million.

Repositioning of the hotel on the market with a horizon of 2026.

The first phase will offer 247 homes for private sale, 360 build-to-rent properties, 135 affordable rent apartments and 193 for shared ownership.

The company has signed an exclusive local partnership that aims to deliver 40 hotels under the brand, over the next seven years.