SOL MELIA ANNUAL REPORT 00 COMP
SOL MELIA ANNUAL REPORT 00 COMP
SOL MELIA ANNUAL REPORT 00 COMP
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CON<strong>SOL</strong>IDATION SCOPE<br />
The consolidation of these companies has been prepared according to the full consolidation method.<br />
The sole and exclusive authorised activities of Meliá Brasil Administraçao are those which relate to the management of<br />
hotels. In spite of this fact, since the hotels are under joint ownership and are not legally authorised to carry out operating<br />
activities, in view of the local requirements, Meliá Brasil Administraçao had to assume the operating of the hotels in Brazil<br />
on behalf of the joint owners. For this reason, the Company includes only the remuneration from the operation of the<br />
hotels received by the Group and does not include related income and expenses in the consolidated profit and loss account.<br />
Meliá Inversiones Americanas is quoted on the Madrid Stock Exchange.<br />
2.2 Associated companies<br />
The companies associated with the Group, defined as those in which the direct or indirect participation ranges between<br />
20% and 50%, or with a lower participation but with a significant influence over management, are listed below:<br />
<strong>COMP</strong>ANY ADDRESS COUNTRYACTIVITY DIR P. IND P. TOTAL HOLDER IND. PART.<br />
AGOTEL GMBH Josef Haumann Strasse 1 (Bochum) Germany Hotels operating 1<strong>00</strong>.<strong>00</strong>% 1<strong>00</strong>.<strong>00</strong>%<br />
APARTHOTEL BOSQUE, S.A Gremio Toneleros 42 (Palma de Mallorca) Spain Owns and oper. H. Sol Bosque 25.<strong>00</strong>% 25.<strong>00</strong>%<br />
C.P.COSTA DEL <strong>SOL</strong> Paseo Marítimo 11 (Torremolinos) Spain Community property owners 0.33% 18.69% 19.02% APARTOTEL S.A.<br />
COM.PROP.<strong>MELIA</strong> CASTILLA Capitán Haya 43 (Madrid) Spain Community property owners 28.80% 28.80%<br />
HELLENIC HOTEL MANAGEMENT Panepistimiou 40 (Atenas) Greece Managing company 40.<strong>00</strong>% 40.<strong>00</strong>%<br />
HOTEL CAMPUS, S.L. Villa Universitaria, Bellaterra C. (Barcelona) Spain Owns and oper. H. Meliá Campus 40.<strong>00</strong>% 40.<strong>00</strong>%<br />
INV.TUR.CASAS BELLAS S.A Barrio de Chamberí s/n (Sta. Cruz Tenerife) Spain Land owner 23.75% 23.75%<br />
<strong>MELIA</strong> MERIDA S.L Moreno de Vargas, 2 (Mérida) Spain Owner Hotel Meliá Mérida 44.14% 44.14%<br />
NEXPROM S.A Avda. del Lido s/n (Torremolinos) Spain Owns and oper. D. Pedro & D. Pablo 14.39% 5.67% 20.06% PROMEDRO<br />
PROMEDRO S.A Avda. del Lido s/n (Torremolinos) Spain Holding 20.<strong>00</strong>% 20.<strong>00</strong>%<br />
SOFIA HOTELES S.L. Mariano de los Cobos 1 (Valladolid) Spain Hotels management in Spain 49.01% 49.01% TRYP S.A.<br />
<strong>SOL</strong> HOTI PORTUGAL HOTELS Avda. da Republica 85 1º Esq. (Lisboa) Portugal Hotels management 45.<strong>00</strong>% 45.<strong>00</strong>%<br />
<strong>SOL</strong> <strong>MELIA</strong> TRAVEL S.A. Gremio Toneleros 42, (Palma de Mallorca) Spain Travel agency 1<strong>00</strong>.<strong>00</strong>% 1<strong>00</strong>.<strong>00</strong>%<br />
VIVA TOURS S.A. Trespanede 29 (Madrid) Spain Touroperator 21.98% 21.98%<br />
Sol Meliá Travel, S.A, has initiated its activity during the year as a travel agency and is presently involved in the development<br />
of tools for sale by Internet. The Company has decided to consolidate this company by the equity method to avoid<br />
distorting the information in the profit and loss account, which is not homogeneous with the other Group companies.<br />
During the current year the share in Agotel GMBH. increased up to 1<strong>00</strong>%. Nevertheless, pending the definitive control of<br />
the company’s management, the financial statements of this company have been consolidated by equity method.<br />
S OL<br />
M ELIÁ<br />
A NNUAL R EPORT 2<strong>00</strong>0<br />
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