tiprankstipranks
Covivio Hotels Expands in Southern Europe with New Acquisition
Company Announcements

Covivio Hotels Expands in Southern Europe with New Acquisition

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

Don't Miss Our Christmas Offers:

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.

For further insights into FR:COVH stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks European Auto-Generated NewsdeskCovivio Hotels Boosts Portfolio with AccorInvest Deal
TipRanks European Auto-Generated NewsdeskCovivio Hotels: Leading the Hotel Real Estate Sector
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App