SANTA CRUZ DE TENERIFE, Nov 11 (EUROPA PRESS) –
The Governing Council declared at its meeting this Thursday the suitability of the issuance of shares suitable to materialize RIC by the venture capital company RIC Private Equity Investment Partners, SCR, SA, in order to finance the acquisition and rehabilitation project of an aparthotel in the municipality of Adeje and its conversion into a four-star hotel establishment.
The Executive, which declares the suitability by decree – as provided by the regulations – authorizes in this way an estimated investment of 13.3 million euros, of which seven are intended to be financed with the actions.
The operation of the hotel is planned to be carried out by the CAMSA company for a period of 5 years through a related company, Canarian Hospitality, by signing a hotel management contract, a note from the Executive includes.
The current building has 144 registered farms and the resulting accommodation establishment will have a capacity of 330 accommodation places distributed in 165 units.