Covivio Hotels Expands in Southern Europe with New Acquisition

Covivio Hotels SCA (FR:COVH) has released an update.

Covivio Hotels has acquired the 4-star Iberostar Las Dalias hotel in Tenerife for €81 million, marking its first hotel property purchase since 2020. This strategic move aligns with the company’s goal to expand its presence in the Southern European leisure market. The hotel, boasting 429 rooms and extensive amenities, is located in Spain’s top tourist destination and is leased to Iberostar until 2041.

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