Banco Santander puts up for sale 7 hotels on the coast

Banco Santander puts up for sale 7 hotels on the coast
Hotel Jandia Golf, owned by Santander.

It is a portfolio of establishments located on the coast and come from adjudicate processes for non-payment. Your seller: Banco Santander.

The entity chaired by Ana Botín has put 7 hotels on the market, distributed in different locations on the Spanish coast and islands. In total, these seven vacation establishments add up to 450 rooms.

The bank took over them after the financial problems of their until then owners. Within the portfolio, one hotel stands out above the rest, according to industry sources: the former Jandía Golf Resort hotel, located in the town of Morro Jable, in Fuerteventura. It is a four-star establishment, with facilities that include swimming pools, a golf course and a gym.

For the seven hotels, Santander hopes to achieve between 50 million and 60 million euros, taking advantage of the recovery of the tourism market in Spain after the impact of the pandemic.

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