SOL MELIA ANNUAL REPORT 00 COMP

CONSOLIDATION SCOPE
2.3 Companies excluded from the consolidation scope
There is a group of companies which, although they do meet the aforementioned requirements, are not included in the Group’s
consolidation scope. These companies are listed below:
COMPANY ADDRESS COUNTRY ACTIVITY DIR P. IND P. TOTAL HOLDER IND. PART.
CARIBOOKING & RESERVAT, N.V. De Ruyterkade 62 Curaçao, Antilles Neth.Antilles Inactive 98,21% 98,21% DES.TUR. DEL CARIBE N.V.
CARIBOOKING & RESERVAT, N.V. Guernsey Inactive 98,21% 98,21% DES.TUR. DEL CARIBE N.V.
CORP. HOTELERA METOR Faustino Sánchez Carrión s/n (Lima) Peru Hotels ownership and operations 40,03% MARINA INTERNATIONAL H.
19,61% 59,64% MELIA INV AMERICANAS
DES. HOTELERA DEL NORTE, S. EN C.S.E. C.3 S. Coco Beach 955-I (Río Gde) Puerto Rico Hotels ownership and operations 47,50% SAN JUAN INVESTMENT B.V.
47,50% 95,00% DES. HOTELEROS SAN JUAN B.V.
DETUR PANAMA, S.A. Residencial Espinar, Colon Aptdo 2268 Panama Concessionaire Panama Canal 31,79% 20,00% 51,79% MELIÁ INT HOTELS S.A.
GUPE INMOBILIARIA Estrada da Luz, 90 6ºF, (Lisboa) Portugal Hotels management 99,99% 99,99% TRYP, S.A.
HOTEL LAS AMERICAS, S.A Las Américas 9 (Ciudad de Guatemala) Guatemala Hotels ownership 20,00% 20,00% MARINA INTERNATIONAL H.
HOTEL NET B2B.COM, S.L. Gremio Tejedores 5 (Palma de Mallorca) Spain Portal de Internet wholesaler 24,50% 24,50%
M.I.H. EUROPE & M. Cavendish Square, 6 (London) U.K. Inactive 100,00% 100,00% MELIÁ INT. HOTELS S.A.
MOGAN PROMOC. S.A. de C.V. (Cancún) Mexico Land owner 33,33% 33,33% MARKSERV B.V.
PROM. PYA. BLANCA S.A. de C.V. Pza. San Ángel,15 (Cancún) Mexico Land owner 33,33% 33,33% MARKSERV B.V.
PUNTA CANA RESERVAT., N.V. De Ruyterkade 62 Curaçao, Antillas Neth.Antilles Marketing 98,21% 98,21% RANDELSTOP CORP. N.V.
SOL MELIA SUISSE, S.A. Rue de Messe 8-10 (Geneva) Switzerland Holding 100,00% 100,00%
The Company intends to sell the share in Detur Panamá, S.A., and for this reason the short-term portfolio balance was
reclassified and is not included in this year’s consolidation. Likewise, no provision for decline in value is included since the
Company does not expect that any loss will arise from the transaction.
Corporación Hotelera Metor has initiated the operation of a hotel in Lima during the current year. On the closing date of
the accompanying annual accounts the Company has no standardized balance sheet and profit and loss account available
to include this transaction in the consolidation. The value of the participation is stated at cost (See Note 12.2.)
At the year-end closing the Group has no accounting information available for Hotel Las Américas, S.A., and therefore
the latter is not included in the consolidated annual accounts, despite the fact that it holds 20% share of this company. Its
portoflio is duly provided for.
Desarrolladora Hotelera del Norte, S. en C.S.E., was formed in view of the construction of a hotel complex in Puerto Rico.
The company’s balance sheet includes assets amounting to 9.5 million dollars and current assets of 100.3 million dollars,
resulting from the capital contribution of 39 million dollars and from a loan received to start the hotel development of 70.8
million dollars. The company is not included in the consolidation since activities have not yet begun.
The other companies excluded from the consolidation are either dormant or are being integrated into the Group at
December 31, 2000.
The exclusion of these companies from the consolidation scope has no significant effect on the net equity, financial position
and results of the consolidated companies, their shares being valued at cost in the accounting records.
S OL
M ELIÁ
A NNUAL R EPORT 2000
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