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Relaxia Resorts Buys Hotel Olivina In Lanzarote

7 December 2016 – Real Estate Press

The Canarian chain Relaxia Resorts, which forms part of the Pérez Moreno Group, acquired its fifth property on 1 December after completing the purchase of Hotel Olivina together with Mazabi. Until now, the property has been managed by Iberostar Hotels & Resorts, under the Olé Hotels brand.

The 4-star hotel is located in Puerto del Carmen in Lanzarote and has 290 rooms.

Hotel Relaxia Olivina hereby joins the Canarian chain’s portfolio, which now boasts 864 rooms in the Canary Islands, of which 686 are located on the island of Lanzarote.

All of the properties owned by the Relaxia chain, which was awarded the “Tourism Distinction” by the Cabildo of Lanzarote in 2011, have a tourist quality Q rating, as well as environmental protection certificates, such as ISO 14001 and Travelife.

Hotel Olivina, in Lanzarote, has changed hands once again after its purchase by Relaxia Resorts, which operates the property under its brand. The tourist chain, which is based in the Canarian capital, also owns the recently constructed Relaxia Aqualava Water Park in Playa Banca, Lanzarote.

With the acquisition of this new hotel, the chain is now one of the largest companies in the tourism sector in the Canary Islands.

Original story: Real Estate Press

Translation: Carmel Drake