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An announcement from Covivio Hotels SCA ( (FR:COVH) ) is now available.
Covivio Hotels experienced a year of growth and transformation in 2024, highlighted by their strategic consolidation transaction with AccorInvest, valued at €800 million. This move strengthens Covivio’s presence in major tourist areas, aligning with their strategy to enhance value creation through property management optimization. Additionally, the acquisition of a 4-star hotel in Tenerife for €81 million further expands their portfolio in high-demand tourist destinations, promising year-round operations due to the island’s climate and strong environmental credentials.
More about Covivio Hotels SCA
Covivio Hotels SCA operates in the hotel real estate sector, focusing on the management and operation of hotels across Europe. The company has transitioned from a real estate investor approach to an asset manager and hotel operator approach, supporting nearly twenty brands with a diversified model of assets under lease or operating properties.
YTD Price Performance: -3.47%
Average Trading Volume: 62
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €2.89B
Find detailed analytics on COVH stock on TipRanks’ Stock Analysis page.