Meliá Hotels International Returns To The Ibex 35
Since its IPO in 1996, this is the second time the company has been invited to join the index of companies with the highest levels of liquidity in Spain
28 July 2016: Meliá Hotels International (MHI), the leading hotel company in Spain, will form part of the Ibex 35 Spanish stock market index from 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 capitalisation of approximately €2.4 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 honoured 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 as well as the absolute leader within the Spanish market, with more than 370 hotels (current portfolio and pipeline) throughout more than 40 countries and four continents under the brands: Gran Meliá, Meliá Hotels & Resorts, Paradisus Resorts, ME by Meliá, INNSIDE by Meliá, Tryp by Wyndham and Sol Hoteles. 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, as well as maintaining its leadership in traditional markets such as Europe, Latin America and the Caribbean. Its high degree of globalisation, 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, being the Spanish Hotel leader in Corporate Reputation (Merco Ranking) and one of the most attractive to work worldwide. Follow Meliá Hotels International on Twitter @MeliaHotelsInt and Facebook meliahotelsinternational. www.melia.com.