Tag: sales of companies

Nordic Leisure Travel Group Acquires Airtours’ Network of Hotels

25 November 2019 – The Ving Group, which recently changed its name to the Nordic Leisure Travel Group, announced that it had acquired the hospitality firm Airtours Resort Ownership Spain (AROE), including RMHI and Movables. The firm operates a total of 2,194 rooms in hotels in Gran Canaria, Fuerteventura, Tenerife, Mallorca and Menorca.

AROE, which sold for an undisclosed amount, owns twelve hotels: the Ocean Beach Club Gran Canaria and Sunprime Atlantic View, in Gran Canaria; Sunwing Fañabé Beach, Tenerife; Sense Bougainvillea, Fuerteventura; Sunprime Waterfront, Sunwing Alcudia Beach, Cala Viñas, Cala’n Bosch, Los Delfines, Panoramic Alcudia, Cala Blanca Sunhotel and Cook’s Club Palma Beach, in Mallorca and Menorca.

The Nordic Leisure Travel Group stated that the twelve hotels are some of the most popular with its customer base via the operators Ving (Sweden), Spies (Denmark) and Tjäreborg (Finland).

Original Story: Tourinews

Adaptation/Translation: Richard D. K. Turner

Quabit Finalises Sale of Rayet Construcción for €14.3 Million

9 October 2019 – Quabit has finalised its acquisition of 82.9% of the share capital of Rayet Construcción, a construction company controlled by Félix Abánades, for 14.3 million euros. Quabit is thought to be taking control of the construction in response to tight demand and to guarantee the construction and delivery of its homes.

The president of Rayet, Félix Abánades, will thereby raise his stake in Quabit from 19.1% to 20.3%, as part of the payment will be made with shares in the developer. The rest of the payment will be made in cash.

Original Story: Valencia Plaza

Photo: Eva Máñez

Adaptation/Translation: Richard D. K. Turner