Covivio, via its 52.5%-owned subsidiary Covivio Hotels, has acquired the 4-star Iberostar Las Dalias hotel in Tenerife, Canary Islands. Covivio Hotels acquired the property from a company controlled by Starwood Capital. The transaction is worth almost €81 million including transfer taxes, with a stabilized yield of around 6.75%.
Covivio acquires a 4-star hotel in the Canary Islands for €81 million
This establishment comprises 429 keys
By Mehdi Touazi
Business Immo
December 19, 2024 | 5:06 P.M.
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