PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Sol Meliá Hotels & Resorts

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Meliá Hotels International Presents A Valuation of its Property Assets - Meliá Hotels International presented a new valuation of its property assets made by Jones Lang LaSalle Hotels, which results in a gross value of 3,314 million euros, 3,162 million of which relate to hotel assets - Solmelia.com
Meliá Hotels International Presents A Valuation of its Property Assets

 

NewswireToday - /newswire/ - Palma de Mallorca, Spain, 2012/03/22 - Meliá Hotels International presented a new valuation of its property assets made by Jones Lang LaSalle Hotels, which results in a gross value of 3,314 million euros, 3,162 million of which relate to hotel assets - Solmelia.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Restaurants/Hotels/Chain Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Meliá Hotels International presents a valuation of its property assets

• Asset value reached 3,314 million euros, a discount of 14% on a comparable basis with the 2007 valuation;
• The valuation implies an appreciation of 61% over the asset book value;
• The development forms part of the new company Strategic Plan focused on a management model rather than asset ownership.

Meliá Hotels International presented today a new valuation of its property assets made by Jones Lang LaSalle Hotels, a global firm specializing in hotel investment and consultancy services, which results in a gross value of 3,314 million euros, 3,162 million of which relate to hotel assets.

Meliá Hotels International currently has a portfolio of 90 owned hotels and 13 other assets that have been valued by the international team of Jones Lang LaSalle Hotels, coordinated out of Madrid and supported by offices in Paris, London, Milan, Sao Paulo and Miami.

With regard to the valuation made in 2007, the principal difference is that in addition to the above-mentioned assets, the 2007 figures also included the valuation of the hotel brands and the contracts for hotels operated lease, management and franchise agreements.

With respect to the 2007 valuation, the Company had suffered a decrease in the total value of its assets of 14% on a comparable basis mainly due to decline in the value of its property in Spain as a result of the economic crisis that has led to falling prices for real estate assets. The decrease is in line with the discounts observed in recent asset rotation activity.

The result of this evaluation represents a revaluation of 61% over the asset book value. The company has shown itself to be very conservative in its asset management, given that the value of its assets on the Company balance sheet is made at historical prices, not adjusted to reflect the valuations made in 2007 and 2011.

The decline in Spain has been partially offset by the improved valuation of assets in Latin America and the rest of Europe. The company has welcomed this data, given its consistency with its internationalization and asset rotation strategies, which aim to strengthen the portfolio of strategic assets that enhance the value of its hotel brands, with a strong focus on emerging markets and based on an Asset Light model (with a greater proportion of managed or leased hotels rather than owned hotels).

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Restaurants/Hotels/Chain Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Sol Meliá Hotels & Resorts

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
Restaurants Hotels Chain - Purchase keywords tags fast food chain restaurants rapid pizza delivery order pizza online directory finder / Banner Ads!.

 
  Your Banner Ad showing on ALL
Restaurants/Hotels/Chain articles,
CATCH Visitors via Your Competitors Announcements!


Meliá Hotels International Presents A Valuation of its Property Assets

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

Sol Meliá |
Publisher Contact: Communications Department - Solmelia.com 
comunicacion[.]solmelia.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Sol Meliá Hotels & Resorts securities in any jurisdiction including any other companies listed or named in this release.

Restaurants/Hotels/Chain via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Sol Meliá Hotels & Resorts / Company Profile


Read Restaurants/Hotels/Chain Most Recent Related Newswires:

Meliá Hotels International Returns to The Ibex-35
Meliá Hanoi Named One of the Best 5-star Hotels in Vietnam At the Vietnamese Tourism Awards
Meliá Hotels International - A Relevant Player in Germany’s Hospitality
CaixaBank and Meliá Join Forces to Allow Mobile Payments in Hotels Operated by The Chain
All Bar One Launches New Loyalty App
Meliá Hotels International Launches New Hotel & Begins Redevelopment of A 5,000 M² Site
Meliá Hotels International Named Best Digital Transformation Enterprise At The Digital Enterprise Show
Meliá Hotels International Expands Portfolio with 16th Hotel in Indonesia
KFC UK and Ireland Names AirTag IT Supplier of the Year for its Mobile-based Loyalty App
Sol House Announces Partnership with Ibiza Rocks
Meliá Hotels International Expands Footprint in Indonesia with Addition of Meliá Bintan
Meliá Hotels International Announces its First Gran Meliá Hotel in Iran Alongside A Leading Iranian Industrial & Developer Group
Paradisus Resorts Unveils New Look, Celebrates with Interactive Campaign ‘Where You Want To Be’
Meliá Hotels International Is Set to Launch New Hotel, INNSIDE New York NoMad in the Heart of Manhattan
Meliá Hotels International Extends its Presence in Qatar with the New Innside Doha

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  Triggr & Bloom

Visit  La Bella Bakery Artisan Bakery Arizona





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)