3 October 2019 – The Swiss fund LMEY is considering the acquisition of the 50% Thomas Cook Hotel Investments (TCHI) it does not yet own. TCHI, which owns five holiday resorts in Spain, could become 100% controlled by LMEY after the British tour operator’s bankruptcy.
In 2018, Thomas Cook and LMEY created the joint venture TCHI to create a chain of resort accommodations in the Mediterranean. TCHI’s portfolio of nine properties (four in Greece in addition to the five Spanish) is estimated to be worth approximately €250 million.
In Spain, TCHI owns Casa Cook Ibiza, Sunwing Arguineguin (Canary Islands), Aldiana Andalucía and Aldiana Costa del Sol (both in Cádiz).
Original Story: Expansión – Roberto Casado
Adaptation/Translation: Richard D. K. Turner