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Symbol Hoteles Acquires Sol Patos Hotel in Benalmádena (Malaga, Spain) from Sol Melia for 16.8 million Euros

 
Thursday, 2nd. October, 2003. The Spanish hotel chain Sol Meliá has announced the sale of the Sol Patos Hotel in Benalmádena (Malaga, Spain) for 16.8 million Euros. The deal will generate capital gains for Sol Meliá of 11.3 million Euros.

The deal forms part of the hotel company�s asset management strategy which, amongst other things, includes the sale of certain hotel properties whenever they are located in destinations in which the company operates other hotels that satisfy the needs of customers, and whenever the deals themselves are sufficiently profitable.
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Sol Patos
Ctra de Cádiz km 227
29630 Benalmadena - Costa
Spain
The sale of the Sol Patos will enable Sol Meliá to continue to maintain a prominent leadership position in the region. The company is the leading hotel chain in Andalusia where it has 34 hotels (17,000 beds), of which 12 are in Malaga and 1, the Sol Aloha Playa, in Benalmádena.

The 3-star Sol Patos provides 277 rooms. 200 meters from the beach and 1 kilometer from the Torrequebrada Golf Course, the hotel also provides a buffet restaurant, 2 bars, 2 swimming pools, a tennis court, minigolf and a shooting gallery. From November the hotel will be operated by the Symbol Hoteles chain.

Sol Meliá is the leading hotel company in Spain, Latin America and the Caribbean, the third largest hotel company in Europe and number ten in the world ranking. The company provides more than 350 hotels in 30 countries under its Meliá Hotels, TRYP Hotels, Sol Hotels and Paradisus Resorts brands. 


 
Contact:
Sol Meliá 
[email protected]
www.solmelia.com
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Also See: Leading Hotels of the World Accepts Seven Sol Melia Hotels to its Membership / Aug 2003
Sol Meliá's First Quarter 2003 Net Profits Decrease 75.3% Compared to Previous Year; Sales Made through the Internet Increased by 322% / May 2003


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