Arcano Partners acquires three hotels in Tenerife through its AVA III fund

Arcano Partners’ Asset Management Division has announced the acquisition of three four-star hotels in Tenerife through its fund Arcano Spanish Value Added Real Estate III SCA SICAR ELTIF (AVA III). The acquired assets are: Alua Atlántico Golf Resort (Golf del Sur, San Miguel de Abona), Alua Tenerife (Puerto de la Cruz), and AluaSoul Orotava Valley (Puerto de la Cruz).

The three properties together comprise 1,050 rooms, open 365 days a year, with average occupancy rates exceeding 80%. The hotels were acquired from a Hyatt subsidiary and will continue to be operated by Hyatt under long-term management contracts and the Alua Hotels & Resorts brand, a recognized leader in the All-Inclusive segment.

AVA III has a clearly defined investment strategy focused on enhancing the facilities and services of these hotels over the coming years, aiming to optimize their positioning in the leisure market and elevate the guest experience. In addition to the acquisition capital, Arcano Partners will make a significant investment to reposition the assets.

Alejandro Adán, Partner of the Real Estate Division at Arcano Partners, commented:
"This transaction marks an important milestone for us in the hotel sector, where we have successfully invested for the past five years. Investing in the Canary Islands was key, as the region continues to establish itself as one of Europe’s top holiday destinations, with very high demand from domestic and international tourists year-round. We are committed to the Canary Islands, to this partnership with Hyatt, and above all, to leveraging our asset management team’s capabilities to reposition these hotels as a benchmark in the All-Inclusive segment."

Arcano Partners was advised by Chevez Ruiz Zamarripa (legal and tax), Christie & Co (hospitality), Lesayra (financial), and Sagardoy (labor). Hyatt was advised by Colliers, Pérez-Llorca, and EY teams in Barcelona and New York.

About Arcano Partners

Founded in 2003, Arcano Partners is an independent global firm with over 20 years of experience in financial advisory and asset management. The firm operates through four business divisions:

Asset Management: Managing and advising over €13.5 billion across six asset classes: Private Equity, Credit Strategies, Real Estate, Sustainable Infrastructure, Venture Capital, and Aviation Finance, with a strong focus on ESG and responsible investment.
Investment Banking: Providing M&A, refinancing, restructuring, and capital markets advisory across sectors, with specialized teams and a transversal technology/digital approach.
Analysis & Consulting: Delivering economic, real estate, market, geopolitical, and technology trend analysis to optimize business decision-making, particularly in high-uncertainty environments.
Asset Financing: Creating solutions for the financing of tangible and intangible assets in Spain.

Arcano Partners has over 260 professionals from more than 20 nationalities, operating across 7 offices in Europe and the United States, and is a leading independent firm in European private markets