The hotel group Ona Hotels & Apartments has launched a large-scale investment program for 2025, aiming for aggressive expansion of its real estate portfolio. The total capital allocated for the acquisition of tourist complexes has already exceeded 76 million euros. With the peak season in full swing in the Canary Islands and the integration of new properties, the company’s management is forecasting impressive financial growth. By the end of this year, turnover is expected to rise by 36.4%, surpassing the milestone of 205 million euros.
A significant portion of the investment was focused on strengthening the group’s presence in Andalusia. The group completed the acquisition of 100% of the Ona Marinas de Nerja aparthotel, located on the seafront and managed by the company since 2019. Immediately after taking ownership, plans were announced to invest around 10 million euros in a complete renovation and repositioning of the property. The complex offers 216 fully equipped rooms, a large pool with panoramic sea views, a wellness area with spa and massage rooms, a gym, and a tennis court. Additionally, there are spacious halls for corporate events and a diverse gastronomic offering featuring Mediterranean and international cuisine.
Another significant development in southern Spain was the acquisition of 100 apartments at the Ona Valle Romano Golf Resort in Estepona, a property the group has managed since 2017. This package of apartments had been owned by a third-party investment fund for the past eight years. The company has now consolidated its stake in this popular resort, which offers 430 apartments equipped with kitchens, private terraces, and extensive entertainment areas for families. Cajamar Bank acted as the financial partner for both deals in Andalusia.
The Canary Islands archipelago remains one of the key areas for network expansion. Back in March, it was announced that the Ona Pearly Grey complex had been acquired, boasting a prime oceanfront location in the Callao Salvaje area on the southwest coast of Tenerife. The property features 111 apartments with kitchens, sea-view balconies, an outdoor pool, and a beauty salon. Over the summer, the portfolio was expanded by adding six Be Live hotels. Through this deal, Ona Hotels & Apartments became the full owner of the Be Live Experience Orotava hotel, with 225 rooms in Puerto de la Cruz. Agreements were also signed to manage five additional properties: two in Tenerife and three in Morocco (in Marrakech and Saïdia), boosting operating capacity by 1,561 rooms.
CEO Nacho Barrau explained that the past three years have seen significant investment in expanding their portfolio with properties in prime tourist destinations. He confirmed that the company will continue to focus on acquiring assets for ownership, as this approach, in his view, ensures a stable financial balance with low debt levels. The company’s 2024 results were as follows: a turnover of 150 million euros, 41 hotels, and 4,630 rooms. With new acquisitions and organic growth, the forecast for the end of 2025 is even more optimistic: revenue of 205 million euros, 50 hotels, and 7,427 rooms under management across Spain, Andorra, and Morocco.
