Sol Meliá Closed 2004 with €60 Million Worth of Revenues

Sol Meliá, the Spain-based hotel chain, wrapped up 2004 with gross gains of €60 million ($80 million), up a blistering 57.4 percent from the year before. The positive outcomes are largely owed to the good going of the company´s top markets.

The group, whose business operations are mostly focused on Spain and the Caribbean, announced net profits for little more that €1 billion at the end of 2004.

Sol Meliá´s main strongholds continue to be its array of Caribbean resorts and facilities, as well as a number of urban hotels in Europe and its efficient financial policy.