Tenerife Weekly
  • Home
  • About
  • El Diario
  • Diario de Avisos
  • El Dia
  • Europa Press
  • La Laguna
  • El Digital Sur
  • Atlantico
  • Press Releases
  • Essentials
  • Blog
  • Contact
No Result
View All Result
  • Home
  • About
  • El Diario
  • Diario de Avisos
  • El Dia
  • Europa Press
  • La Laguna
  • El Digital Sur
  • Atlantico
  • Press Releases
  • Essentials
  • Blog
  • Contact
No Result
View All Result
Tenerife Weekly
No Result
View All Result
Home Diario de Avisos

They buy the Martiánez de Tenerife hotel, abandoned since 2005

January 20, 2023
in Diario de Avisos
Reading Time: 1 min read
1
They buy the Martiánez de Tenerife hotel, abandoned since 2005
57
SHARES
Share on FacebookShare on Twitter


The Indian Bhagvanji family, which owns Saaj Hotels Invest, has purchased the hotel martianez in Puerto de la Cruz, Tenerife, according to the portal axisprime. The four-star, 138-room hotel has been closed since 2005 and will be repositioned before reopening to the public. The Silken Hoteles company will be in charge of managing the hotel, which will increase its portfolio in the Canary Islands to four establishments. According to Amado Jiménez, Director of Human Resources, Quality and Communication at Silken Hotels, “The company’s commitment to the Canary Islands is strong.”

The purchase of the Martiánez hotel follows the positive trend of the hotel transaction market in Spain in recent quarters. In 2022, the segment captured 3,279 million euros, according to the Hotel Investment Report in Spain prepared by Colliers. In 2021, 133 hotels and 17,754 rooms were transacted, and another 30 assets were purchased for hotel development or conversion to hotels.

Silken Hoteles, based in Vitoria-Gasteiz, currently has a portfolio of three thousand rooms and generates more than one thousand direct jobs. It has plans to continue growing in the management of hotels in holiday and leisure destinations, and is preparing an international leap while planning new openings in the national territory this year 2023.



Source link

Related Posts

Mercy Ships showcases its humanitarian work with the exhibition ‘A Beacon of Hope at Sea’
Diario de Avisos

Mercy Ships showcases its humanitarian work with the exhibition ‘A Beacon of Hope at Sea’

July 18, 2025
A Santa Cruz resident films a group of youths engaged in vandalism: “They’re wrecking the area and shouting.”
Diario de Avisos

A Santa Cruz resident films a group of youths engaged in vandalism: “They’re wrecking the area and shouting.”

July 17, 2025
Fire in Tenerife: A Vast Column of Smoke Visible from Miles Away
Diario de Avisos

Fire in Tenerife: A Vast Column of Smoke Visible from Miles Away

July 17, 2025

Comments 1

  1. Annie says:
    2 years ago

    Martinez was originally a timeshare. Many of the owners were British and paid thousands of pounds to ‘buy’ a week and then hundreds towards the maintenance. All those people lost their money when the developer and the owners committee were in dispute. The owners put into a legal fund whilst unable to use their time. Disgraceful outcome. The rich get richer and the poor lose out .

No Result
View All Result

Click Image to Join Community

Tenerife Forum Community

Previous News

Thousands of people fill their desire for Pilgrimage of La Esperanza after three years

Thousands of people fill their desire for Pilgrimage of La Esperanza after three years

3 years ago
The Tenerife Council Erects 145 Tourist Signs in the ‘Isla Baja’

The Tenerife Council Erects 145 Tourist Signs in the ‘Isla Baja’

1 year ago
A man injured after falling from his bicycle in the south of Tenerife

A man injured after falling from his bicycle in the south of Tenerife

2 years ago
Playa Jardín’s Water Quality Has Deteriorated Significantly Since 2016

Playa Jardín’s Water Quality Has Deteriorated Significantly Since 2016

11 months ago
La Laguna Gears Up for the Spectacular Santa Claus Parade

La Laguna Gears Up for the Spectacular Santa Claus Parade

7 months ago
A landslide in Arafo surprises the neighbors

A landslide in Arafo surprises the neighbors

2 years ago
No Result
View All Result

News Highlights

Iberia complicates Gran Combo de Puerto Rico’s concert in Tenerife by losing their instruments.

Surf’s Up: Discovering the Waves of El Médano, Tenerife

The Tejina Hearts Association Keeps Entries Open for the Poetry and Verse Competition

Neither haze nor storm: the meteorological phenomenon that only occurs in the Canaries and is misunderstood in Spain.

The South of Tenerife Celebrates the Expansion of Its Hospital

Jennifer Lopez and Gloria Estefan choose to stay at the Botanic Hotel & The Oriental Spa Garden

Trending News

ASEPALMA calls on CC to urge the Canary Government to advance the funds owed by the State for agricultural reconstruction following the volcano.
La Laguna

ASEPALMA calls on CC to urge the Canary Government to advance the funds owed by the State for agricultural reconstruction following the volcano.

by Admin
July 19, 2025
0

The Association of Packing, Exporting and Marketing Entities of La Palma has made this request after securing...

Closure due to Playa Jardín’s discharges results in just a £400 fine.

Closure due to Playa Jardín’s discharges results in just a £400 fine.

July 18, 2025
Moisés Afonso León heads the new Executive Committee of Young Nationalists of La Laguna.

Moisés Afonso León heads the new Executive Committee of Young Nationalists of La Laguna.

July 18, 2025
Iberia complicates Gran Combo de Puerto Rico’s concert in Tenerife by losing their instruments.

Iberia complicates Gran Combo de Puerto Rico’s concert in Tenerife by losing their instruments.

July 18, 2025
Surf’s Up: Discovering the Waves of El Médano, Tenerife

Surf’s Up: Discovering the Waves of El Médano, Tenerife

July 18, 2025
Tenerife Weekly

© 2025 Tenerife Weekly

Navigate Site

  • Tenerife Forum
  • Tenerife Travel Shop
  • Ask Tenerife
  • Guide
  • Adobe
  • Linkedin
  • Privacy Policy
  • Contact

Follow Us

No Result
View All Result
  • Home
  • About
  • El Diario
  • Diario de Avisos
  • El Dia
  • Europa Press
  • La Laguna
  • El Digital Sur
  • Atlantico
  • Press Releases
  • Essentials
  • Blog
  • Contact

© 2025 Tenerife Weekly