
Meliá Hotels International on Thursday said it has sold the ME Cancun Hotel to an undisclosed buyer for €61.2 million (US$76.9 million), generating a capital gain of approximately €26.4 million (US$33.2 million). Meliá will retain management of the resort.
The sale forms part of the progressive implementation of its business strategy, aiming to become a more asset light company.With more than 400 rooms, the ME Cancun is one of two resorts operated by the ME by Meliá brand in Mexico, together with the ME Cabo Hotel in Los Cabos, Baja California. Formerly known as the Meliá Turquesa, the ME Cancun was fully renovated in 2007 and relaunched under the company’s younger lifestyle brand.