SOL MELIA ANNUAL REPORT 00 COMP
SOL MELIA ANNUAL REPORT 00 COMP SOL MELIA ANNUAL REPORT 00 COMP
1 Group Activities The parent company, SOL MELIA, S.A., was formed in Madrid on June 24, 1986 with the name Investman, S.A. In February 1996 the Company modified its official name, becoming SOL MELIA, S.A., inscribed in the Mercantile Registry of the Balearic Islands, volume 1335 of the Companies Book, folio nº PM 22603, third inscription, with its registered address in Calle Gremio Toneleros, 24 of Palma de Mallorca. The activities of SOL MELIA, S.A and its subsidiaries (hereinafter “SOL MELIA” or the “Group”) basically consist of tourism in general and, specifically, in the management and operation of owned or rented hotels under management or franchise agreement. The activities also consist in the promotion of any type of business related to the tourist and hotel trade or related to leisure, recreation or amusement as well as in the participation in the creation, development and operation of new business, establishments or entities within the tourist and hotel trade and in any leisure, recreation or amusement activity. Some GROUP companies also carry out real estate activities, taking advantage of the synergies obtained from hotels development due to the great expansion process. These activities are carried out in Germany, Andorra, Argentina, Belgium, Brazil, Colombia, Costa Rica, Croatia, Cuba, Egypt, Spain, France, Greece, Guatemala, Indonesia, Italy, Malaysia, Morocco, Mexico, Panama, Peru, Portugal, Puerto Rico, United Kingdom, Dominican Republic, Thailand, Tunisia, Turkey, Uruguay, Venezuela and Vietnam. Public Offering of Acquisition of shares of Meliá Inversiones Americanas During July 2000, Hoteles Mallorquines Agrupados, S.L., Hoteles Mallorquines Asociados, S.L., and Hoteles Mallorquines Consolidados, S.A. paid the related warrants. The corresponding price was 6.02 euros per share and the total amount of the transaction was Ptas. 4,845 million, which did not affect Sol Meliá, S.A. Integration of the Tryp Hotel Chain On December 1, 2000, Sol Meliá S.A. formalised the acquisition of all the shares of the Tryp Hotel Chain, thereby concluding the agreement reached in August. With this acquisition 60 operating hotels are incorporated, with more than 9,700 rooms, in addition to 15 establishments with signed agreements, thus strengthening Sol Meliá’s leadership in the Spanish hotel sector and extending its presence in Tunisia, Andorra, Cuba and Portugal. S OL M ELIÁ A NNUAL R EPORT 2000 80
2 Consolidation Scope 2.1 Subsidiaries The subsidiaries defined as the companies in which Sol Meliá, S.A. directly or indirectly holds more than 50% or a controlling position is exercised, are listed below: COMPANY ADDRESS COUNTRY ACTIVITY DIR P. IND P. TOTAL HOLDER IND. PART AKUNTRA s. XXI S.L. Ronda de Sant Pere 17, Barcelona Spain Holding 100.00% 100.00% TRYP, S.A. APARTOTEL, S.A Orense 81 (Madrid) Spain Managing company 99.73% 99.73% AZAFATA, S.A. Autopista Aeropuerto S/N (Valencia) Spain Ownership and operating Azafata 100.00% 100.00% BEAR SA de CV Paseo de la Reforma,1 (México) Mexico Owns and operates Mexico Reforma 100.00% 100.00% BISOL VALLARTA SA DE CV Paseo de la Marina Sur (Puerto Vallarta) Mexico Hotels ownership and operating 95.22% CALA FORMENTOR S.A. DE C.V. 2.99% 98.21% MELIÁ INV. AMERICANAS N.V. CADLO FRANCE, S.A. Rue de Caumartin 28 (Paris) France Managing company 100.00% 100.00% SOL MELIA FRANCE CADSTAR FRANCE S.A. Rue Caumartin 28 (Paris) France Managing company 100.00% 100.00% SOL MELIA FRANCE CALA FORMENTOR SA DE CV Boulevard Kukulkan (Cancún) Mexico Owns and operates Meliá Cancún 98.21% 98.21% MELIÁ INV. AMERICANAS N.V. CARIBOTELS DE MEXICO S.A Playa Santa Pilar, Aptdo 9 (Cozumel) Mexico Owns and oper. Cozumel & Cabañas 17.98% 5.93% OPERADORA MESOL S.A. 26.60% 50.51% MELIA INV. AMERICANAS N.V. CASINO PARADISUS S.A Playas de Bavaro (Higuey) Dom. Rep. Casino operating 50.00% 49.10% INVERSIONES AGARA S.A. CASINO TAMARINDOS, S.A Retama, 3 (Las Palmas) Spain Casino owner 99.50% 0.50% 100.00% MESOL MANAGEMENT S.L. COM.PROP.SOL Y NIEVE Plaza del Prado Llano (Sierra Nevada) Spain Owns and oper.Meliá Sol y Nieve 87.84% 87.84% COMP.TUNISIENNE GEST.HOT Cite Mahrajene-Imm Chiaaar, 1 (Tunis) Tunisia Managing company 0.10% 79.70% SOL MANINVEST B.V. 10.00% M.I.H. S.A. 0.10% MARKSERV B.V. 10.00% SOL MELIÁ INVESTMENT N.V. 0.10% 100.00% MESOL MANAGEMENT B.V. CONS.INMOB.ALCANO S.A Ctra. Málaga Km 437 (Granada) Spain Owner of Sol Inn Alcano 100.00% 100.00% CONSORCIO EUROPEO, S.A. Darro 22, (Madrid) Spain Owner of Hotel Tryp Colon 100.00% 100.00% TRYP, S.A. CONT.TUR. COZUMEL, S.A. Playa Santa Pilar, Aptdo 9 (Cozumel) Mexico Owner of Caribotels México 23.91% OPERADORA MESOL 27.09% 51.00% MELIA INV. AMERICANAS N.V. CORBEIL HOT. PARIS COLOM. Rue Caumartin 28 (Paris) France Owns and oper. Hotels in France 100.00% 100.00% CADSTAR FRANCE, S.A. CORP. HOT. HISP. MEX. Boulevard Kukulkan (Cancún) Mexico Owns and operates Turquesa 9.08% CALA FORMENTOR S.A. DE C.V. 89.13% 98.21% MELIÁ INV. AMERICANAS N.V. DARCUO S. XXI S.L. Ronda de Sant Pere 17, Barcelona Spain Holding 100.00% 100.00% TRYP, S.A. DES TURIST DEL CARIBE SA De Ruyterkade, 62 (Curaçao) Panama Marketing 98.21% 98.21% DES.TUR.DEL CARIBE N.V DES.HOT.SAN JUAN B.V Strawinskylaan, 307 (Amsterdam) Holland 98.21% 98.21% MELIÁ INV. AMERICANAS N.V. DES.TUR.DEL CARIBE N.V De Ruyterkade, 62 (Curaçao) Neth. Antilles Holding 98.21% 98.21% MELIÁ INV. AMERICANAS N.V. DESARROLLOS SOL S.A Lope de Vega, 4 (Santo Domingo) Dom. Rep. Holding 98.21% 98.21% MELIÁ INV. AMERICANAS N.V. DOCK TELEMARKETING,S.A Orense 81 (Madrid) Spain Sales offices 95.09% 4.91% 100.00% MESOL MANAGEMENT S.L. DOMINICAN INVESTMENT NV The Ruyterkade, 62 (Curaçao) Neth. Antilles Holding 98.21% 98.21% MELIÁ INV. AMERICANAS N.V. DOMINICAN MARKTING SERV De Ruyterkade, 62 (Curaçao) Neth. Antilles Marketing 98.21% 98.21% GESMESOL, S.A DORPAN, S.L Gremio Toneleros, 42 (Palma de Mallorca) Spain Trademarks owner 99.99% 0.01% 100.00% MESOL MANAGEMENT S.L. FARANDOLE B.V World Trade Center-Toer 17b (Amsterdam) Holland Holding 98.21% 98.21% MELIÁ INV. AMERICANAS N.V. S OL M ELIÁ A NNUAL R EPORT 2000 81
- Page 30 and 31: MILESTONES 2000· HOTEL GROWTH Year
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- Page 89 and 90: 4 Appropriation of Results The Boar
- Page 91 and 92: ACCOUNTING PRINCIPLES Credits and d
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- Page 111 and 112: INVESTMENTS Disposals for the year
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- Page 121 and 122: EQUITY The breakdown of the balance
- Page 123 and 124: EQUITY (Thousands of pesetas) BALAN
- Page 125 and 126: EQUITY The balances of the above ta
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2 Consolidation Scope<br />
2.1 Subsidiaries<br />
The subsidiaries defined as the companies in which Sol Meliá, S.A. directly or indirectly holds more than 50% or a controlling<br />
position is exercised, are listed below:<br />
<strong>COMP</strong>ANY ADDRESS COUNTRY ACTIVITY DIR P. IND P. TOTAL HOLDER IND. PART<br />
AKUNTRA s. XXI S.L. Ronda de Sant Pere 17, Barcelona Spain Holding 1<strong>00</strong>.<strong>00</strong>% 1<strong>00</strong>.<strong>00</strong>% TRYP, S.A.<br />
APARTOTEL, S.A Orense 81 (Madrid) Spain Managing company 99.73% 99.73%<br />
AZAFATA, S.A. Autopista Aeropuerto S/N (Valencia) Spain Ownership and operating Azafata 1<strong>00</strong>.<strong>00</strong>% 1<strong>00</strong>.<strong>00</strong>%<br />
BEAR SA de CV Paseo de la Reforma,1 (México) Mexico Owns and operates Mexico Reforma 1<strong>00</strong>.<strong>00</strong>% 1<strong>00</strong>.<strong>00</strong>%<br />
BI<strong>SOL</strong> VALLARTA SA DE CV Paseo de la Marina Sur (Puerto Vallarta) Mexico Hotels ownership and operating 95.22% CALA FORMENTOR S.A. DE C.V.<br />
2.99% 98.21% MELIÁ INV. AMERICANAS N.V.<br />
CADLO FRANCE, S.A. Rue de Caumartin 28 (Paris) France Managing company 1<strong>00</strong>.<strong>00</strong>% 1<strong>00</strong>.<strong>00</strong>% <strong>SOL</strong> <strong>MELIA</strong> FRANCE<br />
CADSTAR FRANCE S.A. Rue Caumartin 28 (Paris) France Managing company 1<strong>00</strong>.<strong>00</strong>% 1<strong>00</strong>.<strong>00</strong>% <strong>SOL</strong> <strong>MELIA</strong> FRANCE<br />
CALA FORMENTOR SA DE CV Boulevard Kukulkan (Cancún) Mexico Owns and operates Meliá Cancún 98.21% 98.21% MELIÁ INV. AMERICANAS N.V.<br />
CARIBOTELS DE MEXICO S.A Playa Santa Pilar, Aptdo 9 (Cozumel) Mexico Owns and oper. Cozumel & Cabañas 17.98%<br />
5.93% OPERADORA ME<strong>SOL</strong> S.A.<br />
26.60% 50.51% <strong>MELIA</strong> INV. AMERICANAS N.V.<br />
CASINO PARADISUS S.A Playas de Bavaro (Higuey) Dom. Rep. Casino operating 50.<strong>00</strong>% 49.10% INVERSIONES AGARA S.A.<br />
CASINO TAMARINDOS, S.A Retama, 3 (Las Palmas) Spain Casino owner 99.50% 0.50% 1<strong>00</strong>.<strong>00</strong>% ME<strong>SOL</strong> MANAGEMENT S.L.<br />
COM.PROP.<strong>SOL</strong> Y NIEVE Plaza del Prado Llano (Sierra Nevada) Spain Owns and oper.Meliá Sol y Nieve 87.84% 87.84%<br />
<strong>COMP</strong>.TUNISIENNE GEST.HOT Cite Mahrajene-Imm Chiaaar, 1 (Tunis) Tunisia Managing company 0.10% 79.70% <strong>SOL</strong> MANINVEST B.V.<br />
10.<strong>00</strong>% M.I.H. S.A.<br />
0.10% MARKSERV B.V.<br />
10.<strong>00</strong>% <strong>SOL</strong> MELIÁ INVESTMENT N.V.<br />
0.10% 1<strong>00</strong>.<strong>00</strong>% ME<strong>SOL</strong> MANAGEMENT B.V.<br />
CONS.INMOB.ALCANO S.A Ctra. Málaga Km 437 (Granada) Spain Owner of Sol Inn Alcano 1<strong>00</strong>.<strong>00</strong>% 1<strong>00</strong>.<strong>00</strong>%<br />
CONSORCIO EUROPEO, S.A. Darro 22, (Madrid) Spain Owner of Hotel Tryp Colon 1<strong>00</strong>.<strong>00</strong>% 1<strong>00</strong>.<strong>00</strong>% TRYP, S.A.<br />
CONT.TUR. COZUMEL, S.A. Playa Santa Pilar, Aptdo 9 (Cozumel) Mexico Owner of Caribotels México 23.91% OPERADORA ME<strong>SOL</strong><br />
27.09% 51.<strong>00</strong>% <strong>MELIA</strong> INV. AMERICANAS N.V.<br />
CORBEIL HOT. PARIS COLOM. Rue Caumartin 28 (Paris) France Owns and oper. Hotels in France 1<strong>00</strong>.<strong>00</strong>% 1<strong>00</strong>.<strong>00</strong>% CADSTAR FRANCE, S.A.<br />
CORP. HOT. HISP. MEX. Boulevard Kukulkan (Cancún) Mexico Owns and operates Turquesa 9.08% CALA FORMENTOR S.A. DE C.V.<br />
89.13% 98.21% MELIÁ INV. AMERICANAS N.V.<br />
DARCUO S. XXI S.L. Ronda de Sant Pere 17, Barcelona Spain Holding 1<strong>00</strong>.<strong>00</strong>% 1<strong>00</strong>.<strong>00</strong>% TRYP, S.A.<br />
DES TURIST DEL CARIBE SA De Ruyterkade, 62 (Curaçao) Panama Marketing 98.21% 98.21% DES.TUR.DEL CARIBE N.V<br />
DES.HOT.SAN JUAN B.V Strawinskylaan, 307 (Amsterdam) Holland 98.21% 98.21% MELIÁ INV. AMERICANAS N.V.<br />
DES.TUR.DEL CARIBE N.V De Ruyterkade, 62 (Curaçao) Neth. Antilles Holding 98.21% 98.21% MELIÁ INV. AMERICANAS N.V.<br />
DESARROLLOS <strong>SOL</strong> S.A Lope de Vega, 4 (Santo Domingo) Dom. Rep. Holding 98.21% 98.21% MELIÁ INV. AMERICANAS N.V.<br />
DOCK TELEMARKETING,S.A Orense 81 (Madrid) Spain Sales offices 95.09% 4.91% 1<strong>00</strong>.<strong>00</strong>% ME<strong>SOL</strong> MANAGEMENT S.L.<br />
DOMINICAN INVESTMENT NV The Ruyterkade, 62 (Curaçao) Neth. Antilles Holding 98.21% 98.21% MELIÁ INV. AMERICANAS N.V.<br />
DOMINICAN MARKTING SERV De Ruyterkade, 62 (Curaçao) Neth. Antilles Marketing 98.21% 98.21% GESME<strong>SOL</strong>, S.A<br />
DORPAN, S.L Gremio Toneleros, 42 (Palma de Mallorca) Spain Trademarks owner 99.99% 0.01% 1<strong>00</strong>.<strong>00</strong>% ME<strong>SOL</strong> MANAGEMENT S.L.<br />
FARANDOLE B.V World Trade Center-Toer 17b (Amsterdam) Holland Holding 98.21% 98.21% MELIÁ INV. AMERICANAS N.V.<br />
S OL<br />
M ELIÁ<br />
A NNUAL R EPORT 2<strong>00</strong>0<br />
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