Equity Inmuebles, a Spanish hotel property landlord, has put 17 establishments managed by Meliá on the market. The operation is valued at €700 million ($774 million), according to local outlets.
The 2,500-room portfolio includes the ME hotel in Plaza de Santa en Ana, in Madrid, as well as five other establishments in the Spanish capital, along with other hotels in Marbella, A Coruña, Chiclana de la Frontera and Baqueira Beret. The portfolio is completed with three Sol holiday establishments and eight former Tryp establishments, including two on Madrid's Gran Vía.
Equity Inmuebles is a company owned by several families, the Calero, Briones and Mazin families, linked to the founding of the Tryp chain, a brand of independently owned hotels.
