Majestic Takes Over the Management of Messi’s Hotel in Ibiza

10 April 2018 – Expansión 

Majestic Group is going to be responsible for managing the hotel that Leo Messi has purchased in Ibiza. It is not the first time that the footballer has placed his trust in the Catalan family chain, given that the firm already manages the establishment that the Barcelona striker acquired last year in Sitges (Barcelona).

The Argentinian football, who paid €30 million for Hotel MiM Sitges, has now acquired the Es Vivé Hotel in Ibiza for an amount that has not been revealed yet. His latest establishment, which was opened in 1959 and renovated four years ago, has 53 rooms and is located next to Playa de Figueretes; it is relatively close to Playa d’en Bossa and the city if Ibiza. The hotel is going to change its name to MiM Ibiza Es Vivé.

Market sources indicate that this establishment was one of the properties that Cristiano Ronaldo considered buying after he expressed his intention of acquiring a hotel on the island. The hotel, which, for the time being, only operates during the summer season (between March and October) charges an average price of €225 per room, although that figure varies significantly depending on the type of room and the time of year; in August, the rate can rise to more than €500.

Majestic Group, owned by the Soldevila-Casals family, manages seven hotels and three apartment buildings, located in Barcelona, Sitges, Palma de Mallorca and now also in Ibiza.

Original story: Expansión (by M. Anglés)

Translation: Carmel Drake

‘Melia Hotels’ Doubles Net Profit In Q1 2015 To €16M

13 May 2015 – Expansión

Melia Hotels International’s results are improving, driven (primarily) by the strength (of the recovery in the) Spanish tourism sector. The chain controlled by the Escarrer family increased revenues by 13.64%, to €358.9 million during the first quarter (of 2015). Its gross operating profit (EBITDA) improved by 13.52%, to €60.2 million, whilst net profit doubled, from €8.15 million to €16.17 million.

Melia attributed this progress to the good performance of the hotel business, in which RevPar (revenues per available room) increased by 12%. And the increase was not driven by the holiday segment alone, the RevPar of the urban business segment also rose, by 14.8%.

For the full year, the company expects the increase in RevPar to be in the high single digits. Melia experienced a 5% increase in demand in Spain during Semana Santa (Easter), which it expects will be maintained this summer. In the Mediterranean, reservations for the summer season are almost 15% higher than in 2014. During the year to March, the group had signed 14 new contracts. Melia’s share price increased by 0.04% on the stock exchange yesterday to €11.24 per share.

Original story: Expansión (by Y. Blanco)

Translation: Carmel Drake