Spanish hotel chain Sol Melia has sold the Sol Pelicanos Ocas Hotel in Alicante, Spain, for €73.75 ($100m). The sale generated capital gains of €55.6m ($75.5m). The chain will continue to manage the 800-room, three-star hotel under a ten-year lease agreement an
Spanish hotel chain Sol Melia has sold the Sol Pelicanos Ocas Hotel in Alicante, Spain, for €73.75 ($100m).
The sale generated capital gains of €55.6m ($75.5m).
The chain will continue to manage the 800-room, three-star hotel under a ten-year lease agreement and will retain a preferential purchase option.
