The Meliá Salinas Hotel in Costa Teguise will pass into the hands of a company owned by Bankinter and the Meliá group itself along with seven other hotels in the chain, which will continue to maintain management. The agreement reached implies that the Meliá Hotels International group will receive 205 million euros from the banking entity for the transfer, according to the EFE agency.
Among them is another establishment in the archipelago, the Melía Tamarindos in Gran Canaria, in addition to the Innside Palma Bosque, the Gran Meliá Menorca and the Gran Meliá Victoria, the three in the Balearic Islands; the Meliá Atlanterra, in Cádiz; and the Meliá Granada; the Innside Zaragoza.
With this operation, Meliá achieves a capital injection without losing the management of these establishments, and Bankinter "ensures a minimum annual dividend of 4.78% and a return of at least 4.50%, although the objective is for the dividend return to reach 6.50% and profitability to 9%".
According to information published by EFE, the objective of creating this company is also for the financial entity to offer its private banking clients an investment alternative.