The operation of the hotel is expected to be carried out by the company Camsa for a period of five years through a related company, Canarian Hospitality, by signing a hotel management contract.
The current building has 144 registered farms, while the hotel complex in which it will be converted will have a capacity of 330 accommodation places, distributed in 165 units, according to the information made public by the Government of the Canary Islands after the Governing Council.
Enrique Guerra, general director of RIC Private Equity –the first collective investment company of the Canary Islands Investment Reserve–, applauds the performance of the regional Executive and the State Tax Agency (AEAT) in giving the «green light to the financing of the new Hotel Mynd Adeje, with the RIC of various businessmen and professionals from the Islands ».
He explains that with the Declaration of Fiscal Suitability of this project, owned by the Acosta Matos Group, “from RIC Private Equity we recognize the agility and commitment of both administrations to approve this issue of shares worth 7 million euros, suitable for the RIC ». At the same time, he calls for «a heroic act by both administrations so that another 20 million euros more from RIC are not lost before the end of the year, which would be invested, in large part, in another great tourist project: the Hotel Puerto Azul, in the Servatur chain ”.
War, highlights the “exceptional value of this novel tax vehicle, that allows businessmen and professionals established in the Canary Islands and in need of consolidating the tax savings of the last four years, but who do not have their own projects, to join together to finance other projects of consolidated companies in the expansion phase ”. This is the case of the Merlin Apartments, «converted into a four-star family hotel in the south of Tenerife».