Melia Hotels International Inks Expansion Agreement
Wednesday June 5th, 2013 - 11:06AM PO
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SANTIAGO, CHILE—Meliá Hotels International has signed a strategic agreement to build and operate five INNSIDE by Meliá hotels with a private investment fund lead by Grupo Armas. The company also announced the launch of another one of their brands, Gran Meliá, in the center of Riyadh in Saudi Arabia as part of its aggressive group expansion plans.
The agreement will see the first INNSIDE by Meliá launch in the Americas, following the rapid international growth of the brand over the past year. As part of the agreement, the company also signed the management contract for the first of the five hotels to be developed in Santiago de Chile in the next five years.
The INNSIDE Santiago, a modern and avant-garde hotel located in Bucarest Street in the heart of the Providencia district, the city’s financial and commercial heart, will open in 2014. The hotel will offer 120 rooms, restaurant, bar and gym, plus meeting space and event rooms.
The second brand expansion for the group, Gran Meliá, is set to launch in Riyadh and will be housed in an ultra-modern glass building in a privileged urban location in “Cairo Square” in the heart of the Saudi capital. The hotel will initially provide 252 rooms, several restaurants, a Spa and Wellness Centre, and a convention center.
Tags: • Hospitality • Management Companies • Openings •
For the past few years, the talk of The Lodging Conference in Phoenix had been focused on the economic recovery, solid industry projections and “cautious optimism.” With the word cautious no longer necessary, the economic outlook took a backseat this year to the seemingly unending parade of new lifestyle brands.