Iberian Property > News > Hotels Vila Galé acquires former hotel building in Penacova The building of the old hotel in Penacova is going to be converted into a four-star unit, which will integrate the old Penacova hospital, which has been vacant and unused for several decades. Alexandre Lima | 05/02/2024 Hotel Penacova Exclusive Content NOT A SUBSCRIBER YET? SUBSCRIBE HERE >> Already a subscriber? LOGIN HERE >> Related news: Hotels Spanish family acquires Gran Vía 43 in Madrid for over €80M 18 August 2026 Hotels Andbank launches €200M fund targeting Spain’s hotel sector 21 August 2026