Sol Melia reports profits boom

Sol Melia's profits have increased by 51% in the first nine months of 2010.

Sol Melia reports profit boom
Sol Melia reports profit boom
The hotel company earned £61.3m (€72m) in the first three quarters of the year, compared to £40m (€47.5m) for the same period in 2009.  

It also reported revenues of £832m (€976.7m) for the period, compared to almost £766m (€900m) in 2009.
Sol Meliá currently has 27 new hotels in the pipeline.  

The additional properties are scheduled to open in key European cities, Latin America and the Caribbean and will include the ME London Hotel in 2012.

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