Meliá and Banca March amplify partnership with recent hotels in Spain
2 min finding out time
Printed on 04/06/25 – Up in the past on 04/06/25
Meliá Accommodations Global and Banca March possess expanded their partnership with the acquisition of two hotels in Spain, marking a transfer of their shared resort funding approach. The Sol Tenerife and Innside Palma Bosque hotels, positioned in Tenerife and Mallorca, respectively, shall be repositioned and renovated as section of a strategic joint enterprise. Banca March will again a 70% stake in the recent entity, with Meliá retaining 30%.
Funding in key Spanish locations
The 2 hotels, totaling 784 rooms, are a strategic addition to the firms’ rising portfolio in smartly-liked Spanish locations. The Sol Tenerife, positioned on Playa de las Américas beach, boasts 522 rooms and gigantic overall areas. This can own a fleshy renovation from 2026 to 2027, at preferrred rebranding below the Meliá name.
« The recent alliance signed with Banca March is section of our approach of participating with partners of the preferrred prestige and solvency for the ownership and repositioning of sources, and constitutes the affirmation of a shared success, per the overall trajectory and the values that we each and every portion” – Gabriel Escarrer, President and CEO of Meliá Accommodations Global
Meanwhile, the Innside Palma Bosque, located almost about Palma’s Paseo Marítimo and Bellver Forest, aspects 262 rooms and can moreover be renovated in the cool climate of 2025-2026. These renovations draw to red meat up the market positioning of every and every properties and red meat up their profitability in the medium to future.
Focal point on: Repositioning and innovation
The settlement contains the possess of stakes from earlier partners in these properties, with the total transaction valued at over €140 million. Additionally, round €50 million shall be invested in the repositioning and renovation of the 2 hotels. The recent enterprise follows a successful pattern of cooperation between the 2 firms, with a earlier joint enterprise in 2023 intelligent hotels in Ibiza and Fuerteventura.
“this recent joint enterprise represents one more milestone in our Co-funding approach, strengthens our ties with a world-class institution such as Meliá Accommodations Global and continues to consolidate our purpose as a benchmark institution for firms in a sector, the tourism and resort sector, with which now we possess maintained a close relationship for a long time as in fact excellent advisors.” – José Luis Acea , CEO of Banca March
Taking a explore previous Mallorca and Tenerife
This most up to the moment acquisition is section of an overwhelming broader approach that functions the continued renovation of other properties such because the Meliá Fuerteventura resort in the Canary Islands. Additionally, each and every firms possess made indispensable investments in the Sol Seaside Home Ibiza and Innside Fuerteventura hotels, that are moreover undergoing repositioning efforts.
These initiatives underscore the rising relationship between Meliá Accommodations Global and Banca March, as they continue to heart of attention on improving their presence in Spain and lengthening their attain across the hospitality sector.
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