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Melia Hotels International SA Signs Additional Contract To Sell To Its Joint Venture With Evertaas Two Hotels; To Sell Sociedad Tertian XXI To Promociones del Parque SL

Thursday, 4 Jul 2013 03:03am EDT 

Melia Hotels International SA announced that on June 28, 2013 it signed an additional contract to sell to its Joint Venture (JV) with Evertaas two hotels, Sol Guadalupe (493 rooms) and Sol Trinidad-Jamaica (683 rooms), both located equally in the area of Magalluf, Palma de Mallorca. The operation is included in the in the framework of progressive development of the project Calvia Beach. The Company announced that after a reorganization of the assets within the aforementioned JV, it proceeded with the sale of Sociedad Tertian XXI, the owner of Sol Tenerife asset, to Promociones del Parque SL, 50% owned by Melia Hotels International SA and a partner, Katmandu Collection LLP. The purpose of this reorganization is linked to the future development of a thematic complex in Tenerife (the Canary Islands), similar to the one created in the Balearic Islands. 

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