SOURCE: Melia Hotels International

Melia Hotels International

July 28, 2016 09:00 ET

Melia Hotels International Returns to the Ibex 35

Since Its IPO in 1996, This Is the Second Time Melia Hotels International has Been Invited to Join the Index of Companies With the Highest Levels of Liquidity in Spain

LONDON, UNITED KINGDOM --(Marketwired - July 28, 2016) - Meliá Hotels International (MHI), the leading hotel company in Spain, will form part of the Ibex 35 Spanish stock market index starting August 8th, following the departure of FCC. The company was highly commended in a review conducted by the Technical Advisory Committee, published by the Spanish National Securities Market Commission.

With a market capitalization of approximately EUR2.4 billion, Meliá Hotels International returns to Spain's leading stock market index. Companies included in the index obtain greater market visibility, as well as increased access to TIER 1 investment funds and investment funds linked to the Ibex index.

The events that have enabled the company, led by Gabriel Escarrer, to return to the Ibex 35 include an improvement in the liquidity of stock based on an increase in capital and the free float, due to the consolidation of the company balance sheet and the steady progress of financial matters over recent years.

Meliá Hotels international will continue to improve the company's stock market performance through an asset-light business model with a lower degree of leverage, strategic product repositioning to grow the successful hotel business performance and diversification of the international hotel portfolio.

Proud to be part of the tourism industry, one of the most prosperous and dynamic sectors of Spain, Meliá Hotels International is honored to become part of the most important Spanish stock index.

About Meliá Hotels International

Founded in 1956 in Palma de Mallorca (Spain), Meliá Hotels International is one of the largest hotel companies worldwide and a leader in the Spanish market, with more than 350 hotels and 90,000 rooms in 40 countries and four continents under the brands: Gran Meliá Hotels & Resorts, Meliá Hotels & Resorts, ME by Meliá, Paradisus Resorts, Innside by Meliá, Sol Hotels and TRYP by Wyndham. Its product and service portfolio is complemented by Club Meliá, the only vacation club operated by a Spanish company. The strategic focus on international growth has allowed Meliá Hotels International to be the first Spanish hotel company with presence in key markets such as China, the Arabian Gulf and the US, while maintaining leadership in traditional markets such as Europe, Latin America and the Caribbean. Its high degree of globalization, a diversified business model, the consistent growth plan supported by strategic alliances with major investors and its commitment to responsible tourism are the major strengths of Meliá Hotels International. The company leads the Spanish market in number of hotels and resorts and greatest corporate reputation (Merco Ranking), remaining among the most attractive companies to work for worldwide. For more information about Meliá Hotels International, visit www.melia.com, or follow us on Facebook and Twitter (@MeliaHotelsInt).

Contact Information

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