The German group plans an integrated tourism town with nine hotels, 17 restaurants, a shopping boulevard and a golf course.
FTI’s hotel subsidiary Labranda presented in January, the first detailed plans for the new Stella Canaris complex on Fuerteventura, which has been closed for the last three years and needs major renovation. The group’s incoming unit Meeting Point International and shareholder Samih Sawiris jointly acquired the massive site for €60 million several months ago.
Bernardo Losada, Labranda’s Commercial Director, used the occasion of the Fitur travel fair to present the group’s ambitious plans for the site, which he said would re-open in summer or autumn 2018. “It will be an extremely diversified product,” he declared. However, he did not disclose the size of the group’s planned investment in the redesigned and expanded complex.
Under current plans, the new Stella Canaris will have nine different hotels: eight four-star properties and one five-star hotel. They will range from a ‘Caribbean style’ to a ‘traditional Canary style’, while the adults-only hotel Paradise will also have a congress centre.
There will be 17 restaurants offering a wide range of different international styles spread through the complex, including on a shopping boulevard. The holiday town will also feature a wide range of sports facilities, including a golf course, an Olympic swimming pool and several fitness centres.