A major operation in the hotel segment. The Mallorca-based chain will continue to manage the seventeen hotels that it inherited from Tryp and that Equity Inmuebles has put up for sale. To this end, Meliá has signed an agreement with Adia, Abu Dhabi’s sovereign wealth fund, to remain in charge of the hotel portfolio, according to El Confidencial.
The portfolio is made up of the ME hotel located in Madrid’s Plaza Santa Ana, Meliá’s flagship in the Spanish capital; plus five other Meliá hotels in Madrid, A Coruña, Marbella, Chiclana de la Frontera and Baqueira Beret. It also comprises eight former Tryp hotels, including two on Madrid’s Gran Vía, and three other Sol vacation properties.
Read the full article in Spanish.