Meliá soars more than 8% after Banco Santander bought 38.2% of three hotels for 300 million

MADRID, 20 Feb. (EUROPA PRESS) -

The shares of Meliá Hotels International soared more than 8% on the stock market around 9:11 a.m. after learning this Monday, with the Madrid selective closed, that the investment vehicle Moon GC

Meliá Hotels International opened the trading day higher, leading the rise of the Ibex 35, with a rise of 4% at 9:02 a.m., to 6.365 euros per share, although minutes later it increased its momentum to 8.41%, with its shares exchanging at 6,635 euros.

Así, Moon GC

The new joint subsidiary will own three hotel establishments operated by the Meliá Group: Me London (London), Gran Meliá Palacio de Isora (Tenerife) and Meliá Cala Galdana (Menorca), as reported by the hotel company. These hotels will continue to be operated by companies of the Meliá Group.

The hotel chain has highlighted that the three establishments are "singular and of recognized prestige", and that they are also located in "extraordinary locations and with an optimal state of conservation and enhancement."

The Moon GC Disbursement

The hotel company has highlighted that this operation is part of its strategic objectives, in order to maintain the strength of its consolidated balance sheet.

"The fact that it is supported by a partner with the prestige and leadership of Banco Santander is a guarantee, and a magnificent sign of trust," says the hotel company's financial director, Ángel Luis Rodríguez.

Banco Santander has also expressed its satisfaction with the real estate operation and shows its support for the tourism sector "which is experiencing a moment of strong recovery with very good future prospects after the crisis caused by the pandemic."