jueves, 12 de diciembre de 2013
Meliá Hotels International and Baha Mar Ltd. Announce Meliá at Baha Mar
The Chairmen of Baha Mar Ltd. and Meliá Hotels International have signed an agreement in order to develop all inclusive Meliá, in the luxury leisure development Baha Mar. The $3.5 billion investment comprised of 1,000 acres with more than 3,000 feet of pristine ocean front, is just twelve minutes from Nassau International Airport. Baha Mar, one of the most important destination transformation projects currently taking place in the world, will now include five hotels, private residences, gaming, golf.
The IASB’s Framework defines ‘non-current assets’ as: long-term assets used by firms to generate revenues, that is, assets held for use in the production or supply of goods or services, so from this assumption we can say that this is an article about the acquisition of an asset, more precisely it is an investment property in this case Mélia Hotel acquires a land where a building with some other installations as complementary non-current assets will be built.
source: http://www.meliahotelsinternational.com/es/sala-de-prensa/19112013/melia-hotels-international-baha-mar-anuncian-bahamas-hotel-melia-baha-mar
Issue of convertible bonds
The IASB’s Framework defines ‘non-current assets’ as: long-term assets used by firms to generate revenues, that is, assets held for use in the production or supply of goods or services, so from this assumption we can say that this is an article about the acquisition of an asset, more precisely it is an investment property in this case Mélia Hotel acquires a land where a building with some other installations as complementary non-current assets will be built.
source: http://www.meliahotelsinternational.com/es/sala-de-prensa/19112013/melia-hotels-international-baha-mar-anuncian-bahamas-hotel-melia-baha-mar
Issue of convertible bonds
Meliá Hotels International announces the issue of convertible notes for
an amount of two hundred million euros.
The notes will have a 5-year maturity, bearing a fixed annual interest lower
than 4.50% and a conversion premium greater than 30% above the reference price.
This issue falls within Mélia Hotels International´s strategy of refinancing
its short-term debt maturities, increasing the proportion of the Group´s
financing the capital markets.
This increase in capital is made by
issuing convertible notes. Convertible debentures, notes and bond are the same
and so when the capital is increased by converting bonds into shares, the
provisions of the bond issue agreement shall apply. (section 302 at CE Act).
Equity increases because bonds are being converted into shares.
jueves, 14 de noviembre de 2013
The financial expenses in the third trimester from 2013.
In this new it talks about the financial
expenses in the trimester and a little bit about the expectation of 2014.
Meliá Hotels International has presented to the
National Commision of the Stock
Market their economic data from the third
trimestre of 2013. It shall be highlighted the set back of the 33.6%
experimmented in the net results from the group, situated on 25.4 million of
euros against a 38.4 milion from the same period last year,with a 22.4 million
of benefits atributed to the main society.
This falling is dued to the increasing in the
financial expenses, atributed to the refinancing expenses of the debt ,
derivated on the emission of bonds and biggest losses for changing foreign
currency.
Looking to the theory we know that the
recognition of expenses when there is a decrease in the company’s resources
that can be measured reliably.
Recognition of an expense therefore occurs
simultaneously with the recognition or increase of a liability or the
extinguishment or decrease of an asset and, on occasions, the recognition of
income or an equity
item.
In fact, the ebitda (201.3 million of euros) and
the operative result(154.7 million) has have a positive evolution accompained
by a growth of the 3.9% in the sales.
This means we have had revenues
although they are smaller than the previous year.
Revenue shall be recognised when two conditions
occur:
1)there is an increase in the company’s
resources different from monetary and non-monetary contributions of owners.
2) it can be reliably measured.
Also,Meliá hotel is manteinning in this
exercise its plan of expansion with the signement of 19 new contracts bounding
to a chain composed mainly by 53 stablishments in development and 15,000
rooms.
Those are great figures that indicates the
health of the company.
Overall, the company is optimistic and points
again to growth of an average digit for RevPAR in 2014 in the hotel activity in
Spain. RevPar or revenue per available room, is a performance metric in the
hotel industry.
See more at:
http://www.meliahotelsinternational.com/en/press-room/11072013/increased-revpar-and-revenues-improve-ebitda-melia-hotels-international-93-net#sthash.Y7XtKdKc.dpuf
jueves, 14 de noviembre de 2013
ME Ibiza and ME Mallorca
Meliá Hotels International have announced the
expansion of one of their principal brands in 2014 with the Hotels ME
Ibiza(Santa Eulalia) and ME Mallorca (Calviá) through the transformation
of a couple of buildings situated there.
The CEO ,Gabriel Escarrer, ensures the
engagement with Meliá Baleares, with this investment in this two buildings.
These investment will be a very important change to improve the position of the
islands in the tourism sector.
How does it affect the whole firm? This
investment means expansion so we could say that with a good management the
number of shareholders of the company would increase a lot. The good
perspectives of the firm in a quite safety market area, can represent a big
change and improvement for the company.
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