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🏨 Covivio Hotels, 52.5% owned by Covivio, acquired a 4-star, 429-room hotel in Tenerife, Canary Islands, from a Starwood Capital-controlled company for €81 million. Tenerife, with 69.7 million overnight stays in 2023 (20% of Spain's total) and year-round operation due to its temperate climate, boasts occupancy rates of 85-90%. The hotel, located in Adeje's tourist hub with an 8.8/10 Booking.com rating, is 16 km from Reina Sofia Airport and features a restaurant, 3 bars, 3 pools, a gym, squash and volleyball courts, and meeting rooms for up to 140 guests.

🏨 Machefert Group, after 30+ years in high-end hospitality, negotiates with a leading global real estate finance firm to refinance debt and fund expansion. Aiming to raise over €150 million, they plan to exit ongoing collective proceedings and open new hotels over the next 3 years, leveraging their prestigious portfolio in Paris, Saint-Tropez, and Marrakech.

🏦 Accor and DOJI Group will open the Sofitel Diamond Crown Hai Phong in 2026, marking the first international hotel within the Diamond Crown Hai Phong complex. The 45-story luxury hotel aims to bring French elegance to the growing city of Hai Phong, Vietnam, enhancing its global recognition. Accor's expansion adds to its trusted presence in Vietnam, with established hotels in Hanoi and Ho Chi Minh City.

🏖️ Sun Siyam Olhuveli Maldives, located 45 minutes by speed boat from Malé International Airport, unveils 40 new Grand Beach Suites with private pools on Dream Island. The 101 sqm suites accommodate up to four adults or two adults and three children, featuring contemporary elegance, Maldivian charm, lush gardens, and turquoise waters. Each suite includes a private pool, tropical gardens, convertible extra room, and an open bathroom concept.

⛷ In Switzerland, Interhome, a European vacation rental leader, highlights booking trends for the 2024-2025 winter season among its French clientele. Nendaz, with 210 properties in Interhome's portfolio, emerges as the top choice, located in the heart of the 4 Vallées with one of the largest ski areas in Switzerland. Villars-sur-Ollon and Crans-Montana are also favored, the former offering spectacular views of Lake Geneva and the latter boasting a ski area of 140 kilometers at over 3,000 meters altitude.