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MarketScreener Homepage  >  Equities  >  Bolsas y Mercados Espanoles  >  Melia Hotels International    MEL   ES0176252718

MELIA HOTELS INTERNATIONAL

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Melia Hotels International : Meliá Hotels International signs the first INNSIDE by Meliá property in Kuala Lumpur, Malaysia

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12/14/2018 | 05:50am EDT

The leading Spanish hotel group, Meliá Hotels International has announced the signing of INNSIDE Kuala Lumpur Cheras, an urban hotel located within an integrated development project called Eko Cheras which boasts a green and sustainable design approach in the capital of Malaysia. Joining Meliá Kuala Lumpur and an additional 3 properties in the pipeline, INNSIDE Kuala Lumpur Cheras will be the fifth property for Meliá Hotels International in Malaysia, reaffirming the hotel chain's commitment to Asia Pacific.

Conveniently situated right next to MRT and an hour drive to the Kuala Lumpur International Airport, INNSIDE Kuala Lumpur Cheras is the perfect option for modern-day worktrippers, blending business and pleasure with its creative design and functional amenities.

The Regional Vice President of Meliá Hotels International Asia Pacific, Bernardo Cabot says: 'Malaysia is one of our key development markets in Asia Pacific and we're proud to bring our INNSIDE by Meliá brand to its capital, one of the most international cities in the region. With strategic location, convenient transportation and smartly designed facilities, INNSIDE by Meliá brings a unique accommodation experience for travellers looking to connect with the destination and easily switch from work to play during their stay. I'm confident the market will respond well to this brand.'

Scheduled to open in late 2019, INNSIDE Kuala Lumpur Cheras will be encompassed by a 4-storey shopping mall of 288 retails and 105 unit of office suites, perfectly allowing guests to switch from working to entertaining seamlessly. The property will offer 238 rooms with contemporary deco across its 13 floors, including the executive lounge on the rooftop which enjoys extraordinary views of the urban surroundings.

Guided by the commitment on catering to the modern bleisure traveller, the new hotel will also provide creative meeting facilities, 24/7 fitness centre including a swimming pool and a green terrace with a gardening deck.

Meliá Hotels International maintains its robust momentum in Asia, with 19 properties currently in operation and 33 properties in the pipeline that will be to fully operational by 2022.

Disclaimer

Meliá Hotels International SA published this content on 14 December 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 14 December 2018 09:49:02 UTC


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Financials
Sales 2020 718 M 843 M 843 M
Net income 2020 -435 M -511 M -511 M
Net Debt 2020 2 000 M 2 349 M 2 349 M
P/E ratio 2020 -1,58x
Yield 2020 0,70%
Capitalization 662 M 779 M 778 M
EV / Sales 2020 3,71x
EV / Sales 2021 2,17x
Nbr of Employees 10 705
Free-Float 41,3%
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Mean consensus HOLD
Number of Analysts 19
Average target price 4,33 €
Last Close Price 3,01 €
Spread / Highest target 246%
Spread / Average Target 43,7%
Spread / Lowest Target -1,99%
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Managers
NameTitle
Gabriel Juan Escarrer Jaume Vice Chairman & Chief Executive Officer
Gabriel Escarrer Julié Non-Executive Chairman
André Philippe Gerondeau Chief Operating Officer
Maria Del Pilar Dols Company Chief Financial Officer
María Antonia Escarrer Jaume Executive Director
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