Melia profit up 9pc

Melia profit up 9pc

Madrid, Spain – 28 February 2018 –  Spain’s largest hotel company Melia reported a near 9 percent rise in full-year core profit as a strong tourist season at home compensated for weakness in Cuba in the wake of Hurricane Irma. “The international...
Melia profit up 9pc

55pc of AccorInvest to be sold

France, Paris – 28 February 2018 –  French hotel group AccorHotels has agreed to sell 55 percent of its AccorInvest property business to a group of sovereign and institutional investors for 4.4 billion euros (US$5.3 billion). The company announced plans to...