Spanish asset management firm Arcano Partners, through its Arcano Spanish Value Added Real Estate (AVA III) fund, has acquired three hotels (1,050 rooms) on the island of Tenerife in Spain, from a subsidiary of Hyatt Hotels & Resorts. The properties, all rated four-star, are the 438-room Alua Tenerife, the adjoining 202-room Alua Soul Orotava Valley, and the 410-room Alua Atlántico Golf Resort. Arcano plans to invest further into the three properties and turn them into all-inclusive resorts. Hyatt, who acquired the three hotels from Blantyre Capital in February 2025 for a reported €120 million (€109,700 per room), will remain as operator under long-term management agreements.
