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Meliá Signs an Agreement with the Abu Dhabi Fund to Continue Managing the 17 Hotels Put Up For Sale by Equity Inmuebles

After the closing of the operation, Meliá will continue to manage the hotels that it inherited from Tryp and that Equity Inmuebles has put up for sale. To this end, it has signed an agreement with the potential buyer, Adia, the sovereign fund of Abu Dhabi.

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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.

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