Meliá continues to accelerate its commitment to divest its owned assets. Gabriel Escarrer Jaume, current chairman of the Board of Directors, has indicated that the company will announce “an important operation of owned hotels that will become management,” according to El Mundo.
The Spanish hotel company continues to take steps in its commitment to shift from a model in which ownership was prioritized to another in which management contracts are prioritized. In this sense, Escarrer stressed that last year the company already grew with the signing of 30 hotels and the opening of another 30 and that this year “they will not be less”.
“The company is growing organically at a rate previously unknown. We will strengthen the balance sheet with the cash flow of the business and the rotation of assets. In the coming weeks we will announce an important operation of owned hotels that become management, “says the executive.
One of the latest operations has been the portfolio of 17 hotels sold by the Calero family (Equity Inmuebles) and which have been acquired by the Abu Dhabi sovereign wealth fund (Adia). Meliá continues to operate the hotels after replacing their leases with management contracts, as already reported by ‘Desarrollo’ (Meliá replaces rental contracts with management to keep Equity hotels). (https://desarrollohotelero.com/inversores/melia-anunciara-una-importante-venta-de-hoteles-de-los-que-retendra-la-gestion/)
