Covivio Hotels Expands in Southern Europe with New Spanish Acquisition

Covivio Hotels, a subsidiary of Covivio, has announced the acquisition of a 3-star hotel in Torremolinos, Spain, encompassing 440 rooms. This purchase aligns with Covivio's strategy to bolster its presence in the Southern European hotel market. A 20-year lease agreement with FERGUS Group supports this endeavor, offering fixed and variable returns.

Situated in one of Spain's prime leisure areas, the hotel benefits from proximate attractions and accessibility, including a location between Málaga and Marbella and a short distance from Málaga Airport. The establishment underwent refurbishment in 2023, featuring modern amenities such as swimming pools, gyms, and commercial spaces. A commitment to sustainability is evident, with environmental benchmarks aligned with CRREM 2030.

The Spanish tourism sector continues to flourish, with 96.8 million international visitors in 2025. Torremolinos, part of Costa del Sol, recorded significant growth in tourist numbers, enhancing appeal for strategic investment. Covivio aims to leverage this robust market by targeting high-growth assets and establishing new partnerships.