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 July 21 (Reuters) - 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
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