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Covivio strengthens its hotel expansion in southern Europe with a new acquisition

2 min reading time

Published on 20/12/24 - Updated on 20/12/24

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Iberostar Las Dalias
Iberostar Las Dalias

Covivio, through its subsidiary Covivio Hotels, recently announced the acquisition of the property of the 4-star Iberostar Las Dalias hotel in Tenerife for €81 million. This transaction, completed with a company controlled by Starwood Capital, marks a significant step in Covivio's hotel development strategy, with a particular focus on Southern Europe.

An investment in the Canary Islands, a major tourist destination in Spain The Iberostar Las Dalias hotel, located on the Adeje coast of Tenerife, is situated in one of Spain’s leading tourist destinations. In 2023, Tenerife recorded nearly 70 million overnight stays, representing 20% of the...

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Covivio

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  • Covivio France
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Iberostar Hotels & Resorts
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Iberostar Hotels & Resorts

Chaîne hôtelière

  • Iberostar Hotels & Resorts Europe
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