Sol Meliá closes 1999 with 34 hotels more

At the closure of 1999 Sol Meliá has invested or in some cases committed, a total of 100,623 million pesetas - 604.75 million Euro - in the acquisition of 34 hotels in France, United Kingdom, Spain, Morocco, Mexico, Peru, Dominican Republic and Venezuela, as well as in the refurbishment of its hotels.

According to the Vicepresident of Sol Meliá, Sebastián Escarrer, the development of these projects, most of them consequence of the financial reinforcement due to the merger with Inmotel and the tender offer over MIA, confirm that the company has accomplished its goal in terms of expansion announced in the beginning of the year, resulting in the fact that the group is present in the main European cities such as London, Paris, Brussels, Rome and Milan having consolidated, at the same time, its leading presence in Latin America and the Caribbean.

Sol Meliá has, at the moment, more than 265 hotels in 27 countries.

Sol Meliá: Press release

Date of publication: 09/01/2000

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