The AC Hotel by Marriott has officially opened in Santa Cruz, Tenerife, transforming the former Maya shopping center into a premier four-star accommodation, creating jobs and offering unique experiences for both hotel guests and the public.

Target Information

The newly established Hotel AC by Marriott in Santa Cruz, Tenerife, boasts 83 rooms and is set to create around 30 jobs. Having undergone a complete transformation of the former Maya shopping center over a two-year period, the hotel opened its doors on March 13 and celebrated its official inauguration on March 17. This four-star hotel marks the first of its kind for the AC Hotels chain in Tenerife and features modern amenities, including a welcoming reception area, a store, a gym, and a rooftop terrace equipped with a swimming pool, restaurant, and cocktail bar. Notably, all decorative items within the hotel are for sale, adding a unique twist to the guest experience.

Yudith Guanich, AC Hotels' representative in the Canary Islands, highlighted that customers can purchase any decorative piece they admire, turning their stay into a more personalized experience. Furthermore, the hotel is actively searching for a name for its terrace bar and restaurant located on the sixth floor and plans to engage the community through a social media contest to select the name.

Industry Overview in the Canary Islands

The hotel and tourism industry is a critical sector in the Canary Islands, significantly contributing to the local economy. With its year-round mild climate and stunning landscapes, the region attracts millions of visitors annually, primarily from Europe. T

View Source

Similar Deals

OHLA Mohari Hospitality

2026

Other Luxury Hotels Spain
EXTENDAM Hôtel ibis rouge

2025

Other Hotels & Motels Spain
Bertrandt Centum Digital

2024

Other Auto & Truck Manufacturers (NEC) Spain
DG Invest ibis Budget Albasanz

2023

Other Hotels & Motels Spain
Groupe Maurin R-Motion

2022

Other Automobiles & Multi Utility Vehicles Spain

AC Hotels by Marriott

invested in

AC Hotel Tenerife

in 2021

in a Other deal

Disclosed details

Transaction Size: $10M

Deal Parameters
Industry
Country
Seller type

Sign Up to Dealert