• Transaction / Assets
    Hotel Cristina, Las Palmas
  • Seller
    Marrero family
  • Buyer
  • € MM

Dreamplace Acquires Hotel Cristina on Gran Canaria for c. €45M

1 February 2020 – El Día

The Tenerife-based group Dreamplace has purchased Hotel Cristina on Gran Canaria from the Marrero family, 15 years after their company, Inmuebles Tarajal Grande, acquired it from Sol Meliá. On this occasion, the 5-star establishment, which dates back to 1971, has been sold for between €40 million and €50 million.

Dreamplace, owned by the López family and headquartered in Adeje, now has 5 hotels in its portfolio – 3 in Tenerife, 1 in Lanzarote and 1 in Gran Canaria – with more than 1,500 beds in total.

Original Story: El Día

Translation/Summary: Carmel Drake