Spring Hotels acquires Mare Nostrum Resorts in the Golden Mile of Tenerife

Spring Hotels Group has completed the purchase of the Mare Nostrum Resort on the ‘Golden Mile’.

Located in Playa Las Americas, in the south of Tenerife, the site has been purchased from Selenta Group (owned by Brookfield) in a deal valued at €430 million.

This acquisition is believed to be one of the largest hotel asset transactions in Spanish history.

The Mare Nostrum Resort comprises three flagship hotels: the five-star Mediterranean Palace, the five-star Sir Anthony, and the four-star Cleopatra Palace.

With this strategic move, Spring Hotels adds more than 1,000 rooms to its portfolio, expanding its total capacity to six hotels and over 2,300 beds owned and managed in one of the Canary Islands’ and Spain’s top tourist areas.

In addition to its hotel offerings, the Mare Nostrum Resort brings several impressive tourism products under Spring Hotels’ umbrella, including a modern MICE (meetings, incentives, conferences and exhibitions) centre, able to host more than 1,600 people.

There's also a Hard Rock Cafe, a beach club, an auditorium, and other dining venues on-site.

And the resort has recently undergone a €56 million renovation carried out by Selenta Group.

This acquisition confirms Spring Hotels’ position as a key player in the southern Tenerife holiday market. It allows the group to diversify its portfolio as well, targeting higher-value market areas and strengthening its presence in the thriving conference and incentive travel sector.

Miguel Villarroya, CEO of Spring Hotels, said: "This operation is a testament to the group’s strength and growth over the last decade.

"It’s a strategic move that positions us as a benchmark in the sector, diversifying our offering by complementing our four-star hotels with