Coral Reef E 2023 S.A. and Meliá Hotels International, S.A. (BME:MEL) agreed to acquire 17-hotel asset portfolio from Equity Inmuebles S.L on July 24, 2023. The transaction is subject to European Commission.

Coral Reef E 2023 S.A. and Meliá Hotels International, S.A. (BME:MEL) completed the acquisition of 17-hotel asset portfolio from Equity Inmuebles S.L on August 18, 2023. European Commission has approved the transaction. Coral Reef and Melia Hotels take joint control of 12 properties and businesses owned by Equity. Coral Reef will take sole control of a further three. Melia will be in complete charge of two Equity properties and businesses. Perez-Llorca (legal), Cuatrecasas (Tax) and JLL advised Equity Inmuebles. Uría Menéndez acted as a legal advisor to Petra SAS and Abu Dhabi Investment Authority (ADIA).