SOL MELIA ANNUAL REPORT 00 COMP

CONSOLIDATION SCOPE
2.4 Changes in the consolidation scope
Shares of Meliá Inversiones Americanas were acquired during 2000, so that the participation in the latter at year-end is of
98.21%. This participation increase is also reflected in the increase in the participation in its subsidiaries.
At the end of 1999 the Sol Meliá Group in France acquired companies that own (A) eight hotels. These companies were
not included in the consolidation scope of the 1999 annual accounts and the investment was recorded at cost. In 2000,
after integrating their management, these companies are consolidated under the full consolidation method in the Group’s
financial information.
Shares of Controladora Turística Cozumel, S.A. de C.V. were acquired and in 2000 a participation of 50.51% is held in this
company which, in turn, is the owner of 100% of Caribotels S.A. de C.V., which owns and operates the hotels Paradisus
Cozumel and Sol Cabañas del Caribe.
As explained in Note 1, the companies (B) forming the Tryp S.A. Hotel Chain were acquired and therefore their financial
information is included under the full consolidation method. The participation in Sofía Hoteles S.L., manager of the hotel
Sofía Parquesol, was included by the equity method.
The Group has increased its participation from 8.7% up to 97.23% in Azafata S.A., which owns and operates the hotel
Meliá Confort Azafata, and was consolidated in the current year by the equity method.
In May the Group acquired 40% of Hotel Campus S.L., which owns and operates the hotel Meliá Campus. Therefore it
will be consolidated by the equity method.
Meliá Catering S.A., with a 100% participation of Sol Meliá, was formed to render catering services in view of the company’s
experience in the restaurant trade.
Sol Meliá has also acquired Sol Meliá Benelux, S.A., which owns and operates the Meliá Avenue Louise Boutique, a hotel
in Belgium. The participation is 100% and its financial information is consolidated under the full consolidation method.
The changes that took place in the consolidation scope in 2000 are indicated below:
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M ELIÁ
A NNUAL R EPORT 2000
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