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melia hotels -spons adr 144 (SMIZY) Details

Meliá Hotels International, S.A. owns, manages, operates, leases, and franchises hotels worldwide. It operates through the Hotel Management, Hotel Business, Other Business Associated with Hotel Management, Real Estate, and Club Meliá segments. The company operates approximately 350 hotels in 35 countries on 4 continents under the Gran Meliá, Meliá, ME, Innside, Tryp by Wyndham, Sol, and Paradisus brand names. It also operates Club Meliá vacation club; develops and operates real estate properties; and engages in casinos, laundry, golf, and tour operations. The company was formerly known as Sol Meliá, S.A. and changed its name to Meliá Hotels International, S.A. in June 2011. Meliá Hotels International, S.A. was founded in 1956 and is headquartered in Palma de Mallorca, Spain.

Founded in 1956

melia hotels -spons adr 144 (SMIZY) Top Compensated Officers

Vice Chairman, Chief Executive Officer and Vi...
Total Annual Compensation: €683.0K
Founder, Executive Chairman and President
Total Annual Compensation: €310.0K
Compensation as of Fiscal Year 2013.

melia hotels -spons adr 144 (SMIZY) Key Developments

Meliá Hotels International SA Announces New Hotels in Vietnam and Indonesia

Meliá Hotels International SA has announced three new hotels in Vietnam and Indonesia. Sol House Kuta Bali and Sol House Jimbaran are the two latest additions in Indonesia, the result of concerted efforts to grow the Sol Hotels & Resorts brand which has recently been completely renovated to become a different and more attractive brand with an ability to grow and prosper in new vacation destinations worldwide. The recently opened Sol House Kuta Bali has 132 rooms and is located in one of Bali's most popular destinations. The hotel will be renovated over the coming months to adapt it to the design standards of the Sol House brand, a lifestyle proposal for young travellers. Meanwhile, the Sol House Jimbaran, also on the island of Bali, will be a 178-room newly-built condo hotel, and is scheduled to open in 2018. Both hotels will have an extensive range of facilities and services, including restaurants, pools, spa, meeting rooms and children's activities. In Vietnam, the company has recently announced the signing of the Sol House Phu Quoc, the first Sol resort in the country. The hotel is a four star resort with 200 rooms and 26 villas located on an idyllic beach in perfect harmony with nature and its surroundings. It is scheduled to open in 2016.

Meliá Hotels International Reports Earnings Results for the Full Year of 2014

Meliá Hotels International reported earnings results for the full year of 2014. EBITDA excluding capital gains rose to €213.5 million, 12% more than in 2013, despite the impact of the exchange rate adjustment. In 2014, Meliá Hotels International earned an attributable profit of €31.9 million, a considerable improvement over 2013, although the data is not entirely comparable due to the negative accounting impact of the cash convertibility option of the convertible bonds. The company generated revenues of €1,464.3 million over the year (+7%). Total net debt reduced by €198 million compared to December 2013, now standing below €1,000 million.

Meliá Hotels International SA and Starwood Capital Group Establishes a Joint Venture to Acquire Spanish Resorts

Starwood Capital Group and Melia Hotels International announced that they have established a joint venture that has agreed to acquire a collection of hotels across key resort locations in Spain. The initial portfolio for the joint venture consists of seven well-established beachfront hotels representing 2,933 keys that are currently owned by Melia Hotels International and will continue to be managed by Melia upon completion of the transaction. The properties will be acquired by the joint venture in a transaction valued at €176 million ($198 million), subject to the approval of the European Union Merger Control Office. Included in the initial portfolio are the Sol Principe in Malaga, the Sol Lanzarote and Melia Gorriones (Fuerteventura) in the Canary Islands, the Sol Ibiza and Sol Pinet Playa in Ibiza, and the Sol Mirlos and Sol Tordos (Palmanova, Mallorca). The hotels will all be fully refurbished, after which the Sol Principe, Sol Lanzarote, Sol Mirlos and Sol Tordos will continue to operate under the new Sol Hotels brand, with the Sol Mirlos and Sol Tordos being renamed as the Sol Palmanova. Sol Ibiza will become Sol Beach House Ibiza and Sol Pinet Playa will be renamed Sol House Pinet Ibiza. The main portion of the Melia Gorriones property will continue to operate under the Melia brand, and the current annex will be rebranded as Sol Beach House Fuerteventura. A controlled affiliate of Starwood Capital will own 80% of the joint venture company, while Melia Hotels International will own the remaining 20%. The joint venture plans to seek out opportunities to integrate additional properties into the portfolio.


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