US EditionThe Anguish of the Owner of a Hotel in Tenerife Taken by 300 Okupas: «the Judge Forces Us to Pay for the Light»
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6 Articles
The Selenta Group, owned by a fund managed by Brookfield Asset Management, has completed the terms and conditions for the sale of the Mare Nostrum Resort to the Spring Hotels chain for a total amount of 430 million euros. The Mare Nostrum Resort transaction is an outstanding example of corporate success and change in the hospitality industry. In less than two years, the holiday complex has undergone extensive renovation, rebranding and rebrandin…
The owner of the hotel taken by the squatters in Adeje (Tenerife) is desperate at the inaction of the authorities to evict the 300 okupas who live the facilities of this hotel for sale. "The judge forces us to pay them the light", denounces the owner who sees no way out of her problem.Last February a mob of okupas entered the hotel illegally and since then rents the rooms at popular prices while the garbage is taking over the hotel complex. The …
The hotel group Spring Hotels has closed the purchase of Mare Nostrum Resort, in the south of Tenerife, from Selenta Group (Brookfield) for an amount of 430 million euros, which places the transaction as the largest operation in history in Spain of an active hotelier.The complex includes three key establishments in [...] The entrance The largest hotel transaction in history in Spain: Spring Hotels acquires Mare Nostrum Resort for 430 million app…
With the summer season of 2025 already underway, last-minute reservations are booming. In the last week, 71% of hotel reservations in Spain have been made for stays in the next 60 days. Andalusia, Catalonia and the Balearic Islands are at the forefront of demand, while Galicia, Euskadi and the Region of Murcia stand out for their strong growth. Last-minute reservations for the summer According to data from the B2B Travelgate platform, during the…
The operation includes three hotels: the Mediterranean Palace 5*, Cleopatra Palace 4* and Sir Anthony 5*, and three dining spaces.
The hotel giant Selenta, controlled by the Canadian fund Brookfield Asset Management, has closed the largest hotel operation of a singular asset in the history of Spain with the sale of the hotel 'megaresart' Mare Nostrum Resort, located in Tenerife, in the municipality of Arona, between the beaches of Los Cristianos and Las Americas, to the Catalan chain of origin Spring Hotels, which will pay 430 million euros. This complex is three establishm…
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