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MEL — Melia Hotels International SA News Story

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Brief: Melia subsidiary to cease hotel management, marketing services across Cuba from July 24

BRIEF-Melia subsidiary to cease hotel management, marketing services across Cuba from July 24

- Melia Hotels International SA MEL.MC:

  • SUBSIDIARY, ILHA BELA GESTAO E TURISMO HAS DECIDED TO CEASE THE HOTEL MANAGEMENT AND MARKETING SERVICES IN RELATION TO ALL OF ITS ESTABLISHMENTS IN THE REPUBLIC OF CUBA

  • DECISION ALSO EXTENDS TO USE OF LICENSED BRANDS, INCOMING TOURISM SERVICES AND LOCAL SUPPLY CHAIN

  • CURRENTLY ASSESSING FINANCIAL IMPACT ARISING FROM THIS DECISION, INCLUDING POTENTIAL REVIEW OF CARRYING AMOUNT

  • CEASING WITH EFFECT FROM 24 JULY 2026

Source text (Full Story)

Further company coverage: MEL.MC


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