In 2022, Meeting Point Spain has joined the business trend of leaving the south of Gran Canaria to be closer to the auditors than the hotel directors. It is one more example of how the tourism industry no longer exists: it is a financial business where those who have real power do not appear because they are investors or pensioners. Companies with executives from Las Palmas do not want to go south.
In Las Palmas, the first company that signed up to this trend when executing its purchases was HI Partners, the subsidiary of Blackstone, which is the largest hotel group in the Canary Islands. The company manages the entire financial circuit of the hotel sector in real time from a small office that it has, discreetly, in the Urbis building in Guanarteme, which now has a hotel from the Mur chain, the Arts, as a neighbor. Blackstone owns Corallium Beach, Dunas Don Gregory, Corallium Dunamar, Abora Continental, Abora Interclub, Barceló Margaritas, Dunas Mirador Maspalomas, Dunas Maspalomas Resort + Suites & Villas. It is the largest hotel operator in Gran Canaria.
In the case of the Blackstone subsidiary, it is a group that has been run from Barcelona and Madrid since 2015, without social roots in the Canary Islands and institutional empathy because its only interest is to have a useful portfolio from which to extract profits for future resale or exchange of assets. It owns hotels that it places in the hands of hotel operators such as Ritz-Carlton, Barceló, Hyatt, Hilton, Ledra and Marriott.
For its part, Meeting Point leaves behind its presence in Sonneland to move into a building in Satocan, where Emalsa has its headquarters. Meeting Point Hotel Management Canarias will be here. The general director of Meeting Point Spain, which is owned by FTI, Venancio Lorente, is clear that the choice of Las Palmas is due to the fact that the new construction of five hotels in Jandía, Fuerteventura, requires a constant rush of people on one side for another and Maspalomas is far from that operation.
