Wednesday, September 29, 2010

Sol Melia sells the Sol Pelicanos Ocas

The hotel company Sol Meliá reported today that it has sold the Sol Pelícanos Ocas Hotel in Benidorm, Alicante for 73.75 million euros, generating capital gains of 55.6 million euros for the hotel chain.


Sol Meliá will continue to manage the hotel under a 10-year lease agreement and will also retain a preferential purchase option on the hotel.

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