the hotel factory analyzes and uploads hotel assets for sale onto their website and showcasing investment opportunities in Spanish destinations such as the Canary Islands.
After our analysis and the upload of hotel assets for sale in Mallorca to our website, we continue analyzing and updating new investment opportunities in other spanish destinations, so now it’s the Canary Islands turn.
The Canary Islands, together with Mallorca, are both:
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Destination that receives more “Borrowed” tourists than any other, since the conflicts in the arab world started.
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The most demanded destinations by investors that are interested in acquiring hotel assets due to the good results the destinations are showing by institutional investors, hotel chains and even individual investors, both national and foreign. Investors are showing high interest in both destinations, either to invest or to sign management contracts.
Moreover, Canary Islands is a 12 month destination, that doesn’t understand seasonality and that has always been one of the most valued destinations by the main european markets. Therefore, it is a consolidated and more than profitable destination, always interesting when looking for investment opportunities
Within the Canary Islands, as in all destinations, there are a number of areas that are more valued than others. In this case, the areas that are of special interest are:
- South Tenerife (Costa Adeje and Arona)
- South Gran Canaria (Meloneras, Maspalomas)
- Lanzarote (Playa Blanca)
- South Fuerteventura (Jandía)
A few of the main investors that have valued Canary Islands as a target destination and that have carried out any investment in the last years are:
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Schauinsland-Reisen. They have recently closed a purchasing deal of two establishments in Costa Calma, Fuerteventura, specifically the Hotel R2 Río Calma (4*, 416 Rooms) and the apartment complex Maryvent (4*, 45 apartments).
(Source: Turinews)
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Alua Hotels & Resorts, the holiday hotel chain backed by the alternative assets promoter Alchemy Special Opportunities, has extended its portfolio purchasing the following hotels:
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Ambar Beach in Fuerteventura (4*, 244 rooms), the first Alua hotel in the Canary Islands and the 7th hotel opened by the firm. Their objective is to adapt the property to the standards of AluaVillage, one of the three sub-brands of the group focused in the holiday segment. (Source: Hosteltur)
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Sol Parque San Antonio, in Puerto de la Cruz, Tenerife (4*, 246 rooms), sold by Melià Hotels International. The chains 8th hotel, which will be renamed and repositioned under the Brand AluaSun, focusing on the general public.
(Source: Preferente)
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HI Partners, the investment and hotel management company from Banco Sabadell, that remains steady in its aim to become one of the main agents of the spanish hotel industry, has recently acquired:
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IFA Catarina hotel in Gran Canaria (4*, 402 rooms), which will undergo a full renovation in which they plan to invest more than 7 million euros. (Source: Hosteltur)
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Jardín Tropical hotel in Costa Adeje, Tenerife (4*, 419 rooms) which will continue to be managed by My Way. (Source: Hosteltur)
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FTI Group, purchased through their hotel brand Labranda Hotels & Resorts, the renowned Stella Canaris Resort in Fuerteventura, the largest hotel complex in the Canary Islands, with more than 600.000 square metres, that remained closed since 2013. The project is aimed to create a Labranda World, that encompasses up to 8 hotels of 4-5 stars, with more than 2.000 rooms. (Source: Turinews)
Special mention to the operations carried out in Canary Islands by:
- Hispania Hotel Assets:
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In 2016, Hispania, through Bay Hotels & Leisure S.A., a socimi created with the Barceló Group, they acquired the Oasis Resort Hotel in Costa Teguise, Lanzarote (4*, 372 rooms) for 28 M. € (75.269€ per room). Their aim is to join this hotel with the Barceló Lanzarote Hotel to create a large resort of 800 rooms, that will be operated by Barceló. With this acquisition, Hispania surpasses exceeds 10.400 rooms, being the largest hotel owner in Spain that doesn’t manage its hotels. (Source: Hosteltur)
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Additionally, Hispania has purchased for 75 M€ (63.398€/room) Dunas Hotels & Resorts that owned up to 1.183 rooms distributed in 4 hotels: Dunas Don Gregory (4*), Dunas Suites & Villas (4*), Dunas Maspalomas (4*) and Dunas Mirador (3*), located in Gran Canaria. Although, the properties will remain to be managed by the actual partners of Dunas Hotels & Resorts. (Source: Hosteltur)
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In 2015, Hispania carried out the following operations in the Canary Islands:
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The acquisition of Hotel Sandos San Blas Nature Resort & Golf located in San Miguel de Abona, Tenerife (5*, 331 rooms), for 36,8 M € (111.000 €/room). The Sandos Group will continue to manage the establishment until 2020. (Source: HVS)
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Furthermore, Hispania also purchased in 2015, the Gran Hotel Atlantis Bahía Real (5*GL, 242 rooms) and the Suite Hotel Atlantis Fuerteventura Resort (4*, 383 rooms), both in Fuerteventura, with a single operation for an amount of 105 M € (168.000€/ room), keeping the Atlantis Group as operator of both hotels. (Source: www.hispania.es)
- Onagroup:
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In 2015, they acquired Wimpen, that owned and managed 7 properties: for in South Tenerife, two in Lanzarote and one in Estepona, Malaga. These seven hotels are:
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Ona Bena Vista in Estepona, Málaga;
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Ona El Marqués (124 rooms) and Ona Las Rosas (101 rooms) in Los Gigantes, Tenerife;
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Ona Sueño Azul (31 rooms) in Callao Salvaje, Tenerife;
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Ona Los Claveles (105 rooms) in Los Cristianos, Tenerife;
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Ona Las Casitas (48 rooms) and Ona Las Brisas (140 rooms) in Playa Blanca, Lanzarote. (Source: Alimarket)
- IFA Hotel & Touristik AG:
- The company which is the major shareholder of the Lopesan Group purchased in 2015 Creativ Hotel Catarina, in Gran Canaria (4*, 402 rooms) and the Altamarena in Fuerteventura (4*, 238 rooms). (Source: Alimarket)
In the hotel factory, because of our extensive network of collaborators, we have a whole series
of hotel assets for sale located in the Canary Islands, that can be of high interest for those investors interested in disembarking or expanding their presence in these islands.
Thus, and such as we did for Mallorca, we have updated our website, specially the section of our portfolio of hotel assets for sale, with a total of 21 new assets that we have received, located in the Canary Islands,that are certainly worth to analyze and value them as a real investment possibility
A few of the most highlighted assets that we included in our website are:
- 4**** Hotel in Tenerife:
- 4**** Hotel
- More than 300 rooms
- Located in Puerto de la Cruz, Tenerife, 10 minutes away from the center of the city.
- Price: 20.000.000 €
- Reference number: #183
- 3*** Hotel in Fuerteventura:
- 3*** Hotel
- Between 80 – 130 rooms
- Located in the center of Fuerteventura
- Price: 9.000.000 €
- Reference number: #197
- 4**** Hotel in Gran Canaria:
- 4**** Hotel
- Between 100 – 150 rooms
- Located in Gran Canaria, in the center of the city, very close to Las Canteras Beach
- Price: 21.500.000 €
- Reference number: #184
- 4**** Hotel in Tenerife:
- 4**** Hotel
- More than 250 rooms
- Located in the north of Tenerife
- Price: 16.500.000 €
- Reference number: #199
- Aparthotel 4**** in Lanzarote:
- 4**** Hotel
- Between 90 – 120 rooms
- Located in the Playa Blanca area, Lanzarote, at the first line of the sea
- Price: 12.000.000 €
- Reference number: #176
From the hotel factory we would like to invite all investors that are searching for real investment opportunities, in the Canary Islands or other destinations, to visit our website and analyze all of these and many more assets, with the firm conviction that more than one will fit with your predefined search criteria.
