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Melia Hotels International SA Signs Joint Venture Agreement With Producciones del Parque SL


Monday, 24 Dec 2012 08:14am EST 

Melia Hotels International SA announced that on December 21, 2012 has signed the joint venture agreement with Producciones del Parque SL, an owner of the Kathmandu Park located in Magalluf (Balearic Islands, Spain). The Company transfer to Producciones del Parque SL Sol Magalluf Park hotel located in Magalluf. The purpose of the joint venture is the creation of a complex, including the park and the hotel. The transaction will generate an estimated gain of EUR 11.0 million. 

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