Spring Hotels has acquired the Mare Nostrum Resort in Tenerife from Brookfield’s Selenta Group for €430 million, marking Spain's largest single hotel asset transaction.

Target Information

Spring Hotels has successfully acquired the Mare Nostrum Resort, situated in southern Tenerife, from Brookfield’s Selenta Group for a total of €430 million. This landmark transaction stands as the largest single hotel asset deal recorded in Spain to date. The acquisition allows Spring Hotels to significantly enhance its presence in the Canary Islands, adding over 1,000 rooms to its expanding portfolio.

The Mare Nostrum Resort is strategically located on the beachfront of Playa de Las Américas in Arona and consists of three distinct properties: the five-star Mediterranean Palace, which offers 536 rooms; the luxurious five-star Sir Anthony, with 70 rooms; and the four-star Cleopatra Palace, featuring 431 rooms. Furthermore, the resort boasts key entertainment and hospitality venues such as the Hard Rock Café Tenerife, La Palapa Beach Club adjacent to the seafront, and the Pirámide de Arona auditorium, which accommodates up to 3,000 guests and serves as a major conference center.

Industry Overview in Spain

The hotel industry in Spain, particularly within the Canary Islands, has experienced a notable surge in investment activity over the past years, driven largely by the increasing tourist inflow. In 2025’s first half, Spain's hotel investment volume surpas