Covivio: buys 4-star hotel in Tenerife for E81m
(CercleFinance.com) - Covivio, through its 52.
5%-owned subsidiary Covivio Hotels, has acquired a 429-room 4-star hotel in Tenerife, Canary Islands, from a company controlled by Starwood Capital.
The E81m deal is perfecftly in line with the group's hotel development strategy, particularly in Southern Europe.
The property has 429 rooms, a restaurant, 3 bars, 3 swimming pools, a gym, squash and volleyball courts, and 2 meeting rooms for up to 140 people.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
5%-owned subsidiary Covivio Hotels, has acquired a 429-room 4-star hotel in Tenerife, Canary Islands, from a company controlled by Starwood Capital.
The E81m deal is perfecftly in line with the group's hotel development strategy, particularly in Southern Europe.
The property has 429 rooms, a restaurant, 3 bars, 3 swimming pools, a gym, squash and volleyball courts, and 2 meeting rooms for up to 140 people.
Copyright (c) 2024 CercleFinance.com. All rights reserved.