Selenta Group Finalizes Record-Breaking Sale of Mare Nostrum Resort in Spain

In a move that underscores the vibrancy of Spain's hospitality market, Selenta Group has successfully concluded the sale of its renowned Mare Nostrum Resort in Tenerife. This landmark transaction, with a total value of €430 million, stands as the largest sale ever recorded in the Spanish real estate sector. The acquisition was made by the Spring Hotels chain and marks a pivotal point for both Selenta Group and the future landscape of hospitality in the region.

Selenta Group, owned by a fund that is managed by Brookfield Asset Management, has experienced a remarkable transformation over the past two years. After investing over €56 million into the Mare Nostrum Resort, the group has meticulously refurbished and rebranded the complex. This investment has significantly enhanced guest satisfaction and positioned the resort among the top performers in revenue per room (RevPAR) within the surrounding area.

Albert Tomàs, CEO of Selenta Group, highlighted the importance of this transaction: "The sale demonstrates our capability to execute high-quality hotel transformations and repositioning projects successfully." The strategic partnership with Brookfield has empowered Selenta to implement an ambitious investment plan, ultimately making the Mare Nostrum Resort far more competitive in a dynamic market.

The success of this sale is indicative of the effective collaboration between Brookfield and Selenta, with Alberto Nin, Managing Director of Brookfield Real Estate, noting the impressive 91% RevPAR growth achieved in the past 12 months. Nin expressed confidence that Spring Hotels will maintain the continuity necessary to further enhance the resort's value.

Since Brookfield's initial investment in 2021, Selenta Group has embarked on a journey of transformation, channeling approximately €200 million into various projects and partnering with prestigious brands such as Marriott, Hyatt, Hard Rock, and Nikki Beach. 2025 marks the dawn of a new phase for Selenta, as the group plans to expand its asset management portfolio beyond its partnership with Brookfield.

The Mare Nostrum Resort ranks among the finest hospitality destinations in Tenerife, featuring three distinct hotels, each offering unique experiences:
1. Mediterranean Palace 5 - The flagship hotel within the resort, fully refurbished in 2024, accommodates up to 1,072 guests. It offers a blend of contemporary design and innovatively reimagined outdoor spaces tailored to modern travelers’ needs.
2. El Cleopatra Palace 4 - This four-star establishment focuses on delivering comfort and timeless elegance, perfect for couples and families seeking superior quality and service inspired by Mediterranean aesthetics.
3. Sir Anthony 5* - The highlight of the resort, this boutique hotel consists of only 70 rooms, ensuring an exclusive and luxurious experience characterized by privacy and personalized services.

In addition to these accommodations, the resort includes three iconic dining establishments – Coal, Diabolo, and The Pier – known for their exquisite fine dining. These venues have been carefully remodeled to create a holistic and elevated holiday experience for guests.

In conclusion, the sale of the Mare Nostrum Resort reaffirms Selenta Group's expertise in revitalizing hotel assets and enhancing their profitability, solidifying its status as a key player in the hospitality industry. With ongoing projects aimed at further enhancing guest experiences, including the reopening of the Hotel Don Carlos Marbella and Marriott Princesa Plaza in Madrid, Selenta Group is poised for continued growth and success in the coming years.