- TUI streamlines structures in its own hotel portfolio: 50:50 joint venture Grupotel will market and operate hotels of TUI subsidiary Nordotel in future
- TUI Group deepens successful partnership with Ramis family: further growth planned for the joint venture
The TUI Group is strengthening its future growth in the hotel sector. The Spanish hotelier family Ramis and TUI are expanding their successful 22-year partnership. The joint venture Grupotel (50:50 TUI/Ramis family) takes over 100 per cent of the shares in Nordotel SA, previously a wholly owned subsidiary of TUI. The company Nordotel operates hotels in Spain, primarily for Scandinavian guests. The company Nordotel operates hotels and several smaller apartment hotels in Spain, mainly for Scandinavian guests.
A total of eleven hotels will be marketed and operated by the joint company Grupotel in future. All properties will remain part of TUI's hotel portfolio and continue to contribute to the results of the Group's hotel division. The Group is thus further streamlining the structures in its own hotel portfolio and strengthening its core business with holiday experiences. TUI intends to grow with its international hotel brands and the management of these hotels, tying up less capital in real estate in future.
The portfolio of the TUI/Ramis company Grupotel will grow by eleven hotels with over 5,800 beds in the Balearic and Canary Islands. Some of the hotels are operated under the TUI Blue brand, for which TUI is pursuing a strong growth path. For the first time, the Grupotel portfolio will also include hotels in the two Spanish year-round destinations Gran Canaria and Lanzarote. In future, Grupotel will operate a total of 46 hotels with more than 19,500 beds on the Balearic Islands, Canary Islands and the Spanish mainland.