• Hispania Tenerife buy
New Spanish investor Hispania has made its second domestic hotel purchase. The group has paid EUR37m for the Melia Jardines del Teide complex in Tenerife, reports El Mundo. 

Melia is expected to continue as manager of the 300 room, four star property. Hispania plans an investment to reposition the property in the market. 
Read the full story here:
http://www.elmundo.es/economia/2014/09/15/54169ae7e2704e892b8b4571.html
 
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