The Cotillo Beach Hotel has been sold and is now owned by the Coral Hotels chain.
It plans to upgrade the hotel from its current 3 star rating to 4 star.
Coral Hotels, which was formed in 1986, has ten other hotels, all located in Tenerife, but is now looking to expand to other islands. All of its hotels have Travelife Gold certification which is awarded to hotels that look to sustain and protect the local environment.
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