|Singapore, 19 May 1999 - Leading European hotel group, Sol
Meliá will cease its existing relationship with the
two Bintan properties, Sol Elite Bintan, and the Sol Mayang Sari as of
June 30, 1999.
Responsible for the opening of the Sol Elite Bintan in 1997, and later the management of the Sol Mayang Sari in 1998, Sol Meliá has played a key role in the promotion of Bintan island as a tourist destination, to both the regional and international market.
"We are particularly proud to have had the opportunity of working so
closely with Bintan Resorts Management and to have been instrumental in
what has been an exciting and important phase of the Bintan's development
as a tourism destination," said Sol Meliá's Executive Vice President,
Miguel Payeras. "As our view for Asia is long term, with the ultimate goal
of being a significant player in the market, the evaluation of new
"We are in fact in the process of evaluating various options within the Asia Pacific, and while we do not anticipate any formal announcements at this point, it is very likely that we will be able to do so by the year 2,000."
Sol Meliá's strategy for Asia will be to incorporate good resort products that will also appeal to Europeans and North Americans, as well as full service business hotels aimed at the international business traveller. Sol Meliá's newest addition to the region is the 308 room five star Meliá Hanoi in Vietnam which soft opened in January this year.
Sol Meliá, Europe's leading hotel group and the ninth largest
hotel company in the world, has a portfolio of 250 city and resort hotels
in 30 countries under the brand names of Meliá, Sol and Paradisus
hotels. Its properties in Asia include Gran Meliá Jakarta,
Meliá Bali (incorporating The Garden Villas), Meliá Benoa
(Bali), Sol Lovina (Bali), Meliá Purosani (Yogyakarta), Meliá
Panorama (Batam), and Sol Elite Marbella (Anyer) in
|Also See:||Sol Mayang Sari in Bintan, Indonesia Completes Refurbishment / April 1999|