Sol Meliá and the prestigious real estate company Metrovacesa have signed an agreement by which the hotel company will lease two new hotels in Valencia and Galicia in Spain. The characteristics and location of both hotels, specially suited for business travelers, has led them to be added to the portfolio of the new TRYP Hotels brand. The hotels are scheduled to open in 2003 and 2004, respectively.

The addition of the TRYP Almussafes, located on the Juan Carlos I Business Park in Almussafes (Valencia), and the Tryp San Lázaro, alongside the Convention Center in Santiago de Compostela (Galicia), furthers Sol Meliá‘s objective to maintain its leadership position in Spain, and especially with respect to the leadership in city hotels enjoyed by the new TRYP Hotels brand.

Metrovacesa is a multinational real estate company, market leader in real estate rentals and with more than 80 years of experience in the business. The company currently has 6 hotels in operation and is developing 6 new projects to double their hotel capacity.

——-