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Sol Melia Completes Training Program for 500 
Tryp Hotel Executives; Integration of Sol Meliá 
and Tryp Hotels Now Finalized
December, 2001 - The Spanish hotel company Sol Meliá has completed the training program it has carried out over the last six months for more than 100 General Managers and Assistant General Managers and 400 Heads of Department from hotels that previously formed part of the Tryp Hotels chain. After the merger of the two hotel companies, the main objective of the program has been to transmit the business philosophy, values, management techniques and operative priorities of Sol Meliá. The final event took part in the Meliá Madrid Princesa Hotel and was presided over by the Sol Meliá CEO, Gabriel Escarrer Jaume. The event was also attended by the Executive Vice President for Europe, Andrés Encinas, and other company senior managers. 
 
According to Gabriel Escarrer, �the program has helped to create a consistent management style and hotel operations, as well as providing a chance for everyone to get to know each other and provide support for development�. He added that, �together with our new brand structure, these have been the two basic pillars which have allowed us to successfully complete the integration of Sol Meliá and Tryp Hotels, a merger that we may now proudly state to be a reality�. 

Program contents

The different courses given during the program have included hotel management techniques, administrative and financial processes, sales & marketing and personnel management, amongst others. Special emphasis has also been given to the transmission of the philosophy and values of Sol Meliá, with a focus on combining theory and practice. 

The Sol Meliá- TRYP Hotels merger

Sol Meliá company development in the year 2000 was marked by one major deal: the acquisition of Tryp Hotels. The deal was closed on 21st. August, 2000, and further strengthened Sol Meliá�s leadership of the Spanish hotel market in both the  

December 2001- The Tryp Almussafes and Tryp San Lázaro join the brand designed for Sol Meliá�s 4 star and superior 3 star city hotels. Sol Meliá and the real estate company Metrovacesa have signed an agreement by which the hotel company will lease two new hotels in Valencia and Galicia in Spain. The characteristics and location of both hotels, specially suited for business travelers, has led them to be added to the portfolio of the new TRYP Hotels brand. The hotels are scheduled to open in 2003 and 2004, respectively.

The addition of the TRYP Almussafes, located on the Juan Carlos I Business Park in Almussafes (Valencia), and the Tryp San Lázaro, alongside the Convention Center in Santiago de Compostela (Galicia), furthers Sol Meliá�s objective to maintain its leadership position in Spain, and especially with respect to the leadership in city hotels enjoyed by the new TRYP Hotels brand.

Metrovacesa is a multinational real estate company, market leader in real estate rentals and with more than 80 years of experience in the business. The company currently has 6 hotels in operation and is developing 6 new projects to double their hotel capacity. 

Once the rebranding program is complete, TRYP Hotels will consist of 111 properties. 

Over the next two or three years, as all of the projects currently under development come on line, the TRYP brand will include at least 160 hotels world-wide. 

business and leisure hotel sectors. It also gave a boost to the company�s position as the third largest hotel chain in Europe and its prime position in resort destinations such as Cuba and Tunisia. Above all, however, this major deal allowed Sol Meliá to enter the prestigious �top ten� of world hotel chains. The acquisition of Tryp Hotels meant the addition of 60 working hotels and another 15 hotel projects being designed or under construction.

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Contact:
[email protected]
www.solmelia.com

Also See Sol Meliá to Acquire the Madrid-based TRYP Hotel Chain, Transaction Valued at More than US$ 327 million for 201 Hotels / August 2000 
3.9 Million Euro Renovation Boosts the Melia Madrid Hotel to 5 Stars / May 2000 


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