The hotel chain Bluesea Hotels and Resorts has taken a decisive step toward strengthening its position in the Spanish holiday market with the acquisition of the Meeting Point hotel business in Spain, the operating division of FTI Touristik, Europe's third-largest tour operator. With this transaction, Bluesea consolidates its position as one of the most important players in the mid-range tourism segment—three- and four-star hotels—with a total of nearly 3 rooms and significantly strengthening its presence in the Canary Islands, where it now manages more than 4 rooms.
The acquisition includes 15 leased properties across Gran Canaria, Tenerife, Lanzarote, and Fuerteventura, operating under the Labranda, Design Plus, Lemon & Soul, BEX Hotels, and Meeting Point Hotels brands. With 1.922 rooms, this portfolio was clearly oriented toward European sun-and-beach tourism, very much in line with Bluesea's DNA. The chain, majority-backed by the Portobello Capital fund (93,5%) and now reinforced by Partners Group, thus consolidates a growth strategy based on concentrating assets in mature, yet still profitable, destinations, with owned or managed lease operations.
The move not only increases the scale of Bluesea, which already had 5.060 rooms in destinations such as Mallorca, Torremolinos, Costa Brava, and Madrid, but also represents a firm commitment to the Canary Islands market at a key moment: the diversification of the regional tourism model, the renewal of the hotel infrastructure, and the growing interest of institutional capital in stable hotel assets on island settings. In a post-COVID recovery environment with record tourist spending and a search for operational resilience, this acquisition positions Bluesea as an agile operator adapted to the new demands of middle-class European tourists, especially in locations such as southern Gran Canaria, Puerto de la Cruz, and Costa Teguise, where the brand is already recognizable.
