16 May 2019 – Hosteltur
Thomas Cook has purchased the Sunwing Arguineguin Hotel in Gran Canaria through its hotel investment vehicle, Thomas Cook Hotel Investments (TCHI). The 4-star establishment, which has 252 rooms, is located around 15km from Maspalomas on the south of the island.
TCHI was created in March 2018 to help Thomas Cook accelerate its aims of managing more of its own brand hotels and investing in opportunities arising in Greece, Spain and the Mediterranean. The fund now owns 9 properties, with plans to grow its portfolio to between 10 and 15 by 2021.
Original story: Hosteltur
Translation/Summary: Carmel Drake