Sol Meliá opens five new hotels in Morocco

Sol Meliá thus raises the number of hotels in its portfolio in Morocco to 8 and further strengthens its leadership in the Mediterranean.

As a consequence of the general agreement signed by Sol Meliá and the Moroccan Government under which both parties committed to joint development of hotel projects in Morocco, the Mallorcan hotel company has obtained the co-operation of a number of local investors in the construction of the Paradisus Agadir, a 5-star Deluxe property that is destined to become one of the finest resorts in the whole of the Mediterranean.

The company that will own the resort was constituted on Tuesday 3rd. April in Rabat and is 40% owned by Sol Meliá with other shareholders - Ido Management, Holding Hoteliere, Crédit Inmobilier et Hotelier (C.I.H) and the Banque Marocaine du Commerce et de l’Industrie (B.M.C.I)- with another 15% each.

According to the Chairman of Sol Meliá, Gabriel Escarrer, "the signature of this agreement confirms the commitment Sol Meliá has given to the Moroccan Government to jointly support the development of the tourism industry in the country".

More over, Sol Meliá has signed an agreement with the company Consortium Maroco Koweitien Development (CMKD) by which the Mallorcan company has taken over the management of four new hotels in Rabat, Marrakech, Safi and Khouribga. After refurbishment these four existing hotels will be renamed Meliá Rabat, Sol Marrakech, Sol Safi and Sol Khouribga.

According to the World Tourism Organisation (WTO), in the year 2000 almost four million tourists visited Morocco.

With more than 330 hotels in 30 countries on 4 continents, the leader in the Spanish market and second biggest hotel company in Europe, Sol Meliá is also the biggest resort hotel company in the world.

Source: Sol Meliá Press Room

Related News:
- ITB Berlin 2001 (2/3/2001)
- Sol Meliá: Global Company Services (7/2/2001)
- HotelnetB2B (5/2/2001)
- FITUR 2001 in Madrid (16/1/2001)
- Sol Meliá wins Hermes hotel industry "Best website" award (15/12/2000)
- Greenpeace opposes the project by Sol Meliá in México (18/11/2000)
- Prodigios Says AOL in Talks to Take Stake (5/10/2000)
- Sol Meliá acquires the Tryp hotel chain (21/8/2000)
- The Sol Meliá profits increase by 74% (22/7/2000)
- Job List for Sol Meliá on Internet (2/7/2000)
- Sol Meliá will manage the hotel on the university campus of the UAB (12/6/2000)
- The Hotel Meliá de Mar is promoting Mallorcan cooking (11/5/2000)
- E-Commerce: Sol Meliá, Barceló, Iberostar, Telefónica and BBVA (23/4/2000)
- Sol Meliá creates a new E-Business Division (18/4/2000)
- Sol Meliá initiates is programme to promote tourism in the Balearics (31/3/2000)
- Sol Meliá: two new hotels in Tunisia (16/3/2000)
- More than 100 exhibitors from the Balearics at ITB Berlín 2000 (12/3/2000)
- Sol Meliá operating profits increase by 37% in 1999 (4/3/2000)
- Sol Meliá and Odebrech sign agreement (3/2/2000)
- Antich's official trip to Cuba (2/2/2000)
- Sol Meliá launches a new Golf & Hotel Directoy (17/1/2000)
- Sol Meliá closes 1999 with 34 hotels more (9/1/2000)
- Sol Meliá acquires the Hotel Adagio in París (16/12/1999)
- Sol Meliá signs an agreement with the Moroccan Government to jointly develop hotel projects (2/12/1999)
- Sol Meliá acquires 8 hotels in the centre of Paris (23/11/1999)
- New times: The Mallorcan hoteliers looking to conquer the universal market (12/11/1999)
- Gabriel Escarrer, named "Hotelier of the Year" by the prestigious US trade magazine "Hotels" (9/11/1999)

Date of publication: 25/04/2001

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