NewswireTODAY - /newswire/ - Palma de Mallorca, Spain, 2012/07/04 - The sale of the ME Cancun Hotel, located in the major tourist destination in the Mexican Caribbean, for 61.2 million euros.

Meliá Hotels International reported to the Spanish Stock Market Commission the sale of the ME Cancun Hotel, located in the major tourist destination in the Mexican Caribbean, for 61.2 million euros, generating a capital gain of approximately 26.4 million. The impact of the transaction is registered in the results for the second quarter 2012.

The company also announced that it will continue to operate the hotel under a management contract, maintaining the same quality standards already delivered by the hotel. The sale forms part of the progressive implementation of its business strategy, aiming to become a more asset light company with more hotels under management, optimizing the value of its brands and its management capacity.

With over 400 rooms, the ME Cancun is one of two resorts operated by the prestigious ME by Meliá brand in Mexico, together with the ME Cabo Hotel in Los Cabos, Baja California. Formerly known as the Meliá Turquesa, the ME Cancun was fully renovated in 2007 and relaunched under the company’s younger luxury brand, including a portfolio of hotels with a special personality in which the customer experience, cutting edge design, international cuisine, the latest technology and music all play a key role.

Sol Meliá Hotels & Resorts (solmelia.com) is the world's largest resort hotel company and the largest hotel chain in Spain in both resort and city hotels.

Agency / Source: Sol Meliá Hotels & Resorts

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