The American hospitality giant Hyatt Hotels has increased its investment in Canary Islands with the acquisition of three hotels in Tenerife for €120 million.
This purchase reinforces Hyatt’s commitment to the archipelago, taking advantage of the region’s lucrative tourism market.
The three properties were previously owned by the British investment fund Blantyre Capital, which had acquired them in 2020 from Gema Hoteles for €50 million, later investing an additional €20 million in renovations.
According to the hotel industry magazine Expansión, the new hotels now under Hyatt’s ownership are:
These three resorts, with over 1,200 rooms, were already under Hyatt’s management, but this acquisition marks a significant step towards full ownership.
Hyatt’s Portfolio in the Canary Islands
With this purchase, Hyatt continues to expand its footprint across the Canary Islands. The group's growing portfolio in the archipelago now includes:
This acquisition highlights Hyatt’s confidence in the Canary Islands thriving tourism industry, securing a stronger presence in one of Spain’s most sought-after holiday destinations.
