HomeTransactionsBlantyre Make...

Blantyre Makes its Debut in Spain with the Purchase of 3 Hotels in the Canary Islands to be Managed by Apple Leisure

Apple Leisure Group has reached an agreement with Blantyre Capital to manage the three hotels that the British investment fund has just acquired in its first operation in Spain.

Hotel Turquesa Playa Resort 1024x768 1
Hotel Turquesa Playa Resort, located in Tenerife, which has just been acquired by Blantyre.

With this operation, the American tour operator is reinforcing its presence in Spain, where it has 12 establishments and 4,130 rooms in Tenerife, Lanzarote and Fuerteventura, along with ten more in the Balearic Islands. It operates through its hotel division AMResorts.

As for the purchase operation, this is the London-based fund’s first in the Spanish market. It involves three hotels in Tenerife, which together have a total of 1,224 rooms. Moreover, 20 million euros will be invested in their renovation to adapt them to the standards of the Alúa brand, under which the firm will operate in Spain.

Read the full article in Spanish.


Últimas Noticias

300x600 re financing