SOL MELIA ANNUAL REPORT 00 COMP

COMPANY HISTORY
Meliá De Mar
Meliá De Mar
1985.- The company began its international expansion with its first
hotel outside Spain: the Bali Sol. The business instincts of Gabriel
Escarrer once again led to commercial success as the company became
the first international chain to build a hotel in the then-unknown destination
of Bali. It seemed like a very risky bet. Nowadays all of the
major world hotel companies are there, but only one can proudly claim
to be a pioneer.
1986.- Continuing with a policy of growth through acquisition,
Hoteles Sol took over Compañía Hotelera del Mediterráneo, including
11 hotels partly owned by the airline British Caledonian.
...and then there was Meliá
1987.- 27th. June, 1987 was the date for another milestone in company
history. Owned by the Luxembourg-based company Interport,with
Giancarlo Parretti at its head, the 22 Meliá hotels were the object of
desire of major international hotel groups including Sheraton, Wagon-
Lits or Hilton. Arduous negotiations finally led to Gabriel Escarrer
becoming the new Chairman of Hoteles Meliá.
Growth continued in mainland Europe, the Americas, the Caribbean,
South-east Asia and the Mediterranean. Globalisation and diversification
became the watchwords of the times.
S OL
M ELIÁ
A NNUAL R EPORT 2000
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