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The London & Regional Properties (L & R) fund is set to stay with the four hotels Starmel, the joint venture created by Meliá Hotels International and Starwood Capital Group in 2015, has been selling for a few months, as it has been able Know HOSTELTUR tourism news from financial sources.
The Livingstone brothers' signature would thus be imposed on other national and international institutional funds that had shown an interest in acquiring the nearly 2,000 rooms that comprise the four establishments located in the Balearic Islands (Sol Palmanova and Sol House Ibiza), Canarias (Sol Lanzarote) and Torremolinos (Sun Prince)
If the transaction were to take place, Meliá would fulfill its strategic objective of disassociating itself from a short-term fund such as Starwood Capital and associating itself with a long one that will allow it to continue growing as is London & Regional, with whom it already collaborates since 2013 in the ME Ibiza As published HOSTELTUR tourism news in A British fund buys 50% of the future ME Ibiza.