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Published on Wednesday, July 17, 2019

Thomas Cook re-opens Gran Canaria hotel

One of Thomas Cook's own-brand hotels in the Canary Islands has re-opened following a multi-million pound refurbishment.

Sunwing Arguineguin, the 252-room family hotel in Gran Canaria, has been closed for the last two months as the third stage of a four-year programme of refurbishment and upgrades that will complete in 2020.

The €13 million programme has so far included the refurbishment of most of its rooms, bars and restaurants and si investment in sustainable technology including solar panels.

Next year, as well as the final set of rooms, a new a la carte restaurant and bar will be completed to meet the demand from customers for more upmarket dining experiences, said Thomas Cook.

The beachfront hotel, on Gran Canaria's southwest coast, was Thomas Cook's first hotel in Spain and has been in operation for more than 30 years.

Running year-round with an occupancy level of around 98%, the hotel employs up to 180 people, many of whom have been there since the first day, it said.

Thomas Cook, is investing €40 million in its managed own-brand hotels in Spain this year and next. The investment programme, unveiled last month, is part of Thomas Cook's continued drive to grow its own-brand hotels and resorts business.

Thomas Cook last year launched a hotel investment fund with joint-venture partner LMEY, a hotel development company, with five hotels and has since grown it to nine properties including a greenfield plot in Kos, Greece. The fund has secured €51m in funding from CaixaBank in addition to €40m from Piraeus Bank.

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