Hotusa has repaid early 52 million of the capital injection provided by the fund to support the solvency of strategic companies (FASEE), managed by the QUIET, who has authorized the operation. This advance, to which the corresponding interest is added, is due “to the excess cash flow of the annual period of 2022”, according to this public body. The hotel chain chaired by Amancio Lopez Seijas received 241 million from this fund, through a participatory loan of 190 million and another ordinary loan of 51 million.
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This partial amortization is added to the 320 million of the total anticipated liquidation requested by Ávoris Business Corporation last December and involves the early repayment of 372 million euros, 11.4% of the total amount approved by the fund. This temporary public support mechanism to reinforce the solvency of non-financial companies affected by the pandemic has allowed the maintenance of the activity of companies that, as in these cases, operate in a strategic sector such as tourism, according to the official statement.
Likewise, the fund has received the resignation of the Blue Sea Hotels & Resorts Group to the aid approved for an amount of 25 million euros motivated by its recovery capacity, embodied in the economic results obtained and the favorable liquidity situation. In view of this rapid improvement, the company has decided to forego temporary public aid.