• Melia in Starwood talks

Spanish hotel group Melia is in talks with Starwood Capital to sell up to eight Sol branded hotels in a EUR150m deal. The coastal resort hotels could then be modernised and relaunched, report Spanish media sources.
Talks on the potential deal, which was originally to involve a package of 12 properties, continue. The sale would substantially accelerate Melia’s moves to reduce debt and progress to an asset-light corporate structure.

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