News
Sigma Capital and Sol Melia enter into Joint Venture
28 Sep 2007
Sigma Capital, owner of the hotels Grand Hotel Hermitage, Golden Sands (managed by Kempinski), Iberostar Sunny Beach Resort, Sunny Beach (managed by Iberostar), Nessebar Resort (managed by IFA and Iberostar) and projects in development, has entered into a joint venture with the Palma de Mallorca based Madrid-listed hotel group Sol Melia.
Sol Melia, owner of 6 international hotel brands, through its joint venture with Sigma Capital will take over the management of most of the existing and newly developed hotels and resorts of the Sigma Capital portfolio as of January 2008.
The new joint venture includes a regional management structure, to assure hands-on leadership and synergy effects among the brands. Its activities are not limited to Bulgaria and expansion into neighbouring countries, such as Romania, Serbia, Greece and Macedonia is part of its mandate.
Sigma Capital, through its ownership of over 30% of the top-tier 4- and 5-star branded hotel rooms on the Bulgarian holiday market, delivers a number of excellently positioned hotel properties, to be managed by the new joint venture. The application of one of the worldwide largest sales networks, clients’ brand fidelity, professional education and training, are some of the key indicators of this step forward for both, Sigma Capital and Sol Melia.
The following Sigma Capital hotels will be re-branded in 2008:
Melia Grand Hermitage, Golden Sands, Varna
Sol Nessebar Palace, Nessebar
Sol Nessebar Bay, Nessebar
Sol Nessebar Mare, Nessebar
Sol Melia, owner of 6 international hotel brands, through its joint venture with Sigma Capital will take over the management of most of the existing and newly developed hotels and resorts of the Sigma Capital portfolio as of January 2008.
The new joint venture includes a regional management structure, to assure hands-on leadership and synergy effects among the brands. Its activities are not limited to Bulgaria and expansion into neighbouring countries, such as Romania, Serbia, Greece and Macedonia is part of its mandate.
Sigma Capital, through its ownership of over 30% of the top-tier 4- and 5-star branded hotel rooms on the Bulgarian holiday market, delivers a number of excellently positioned hotel properties, to be managed by the new joint venture. The application of one of the worldwide largest sales networks, clients’ brand fidelity, professional education and training, are some of the key indicators of this step forward for both, Sigma Capital and Sol Melia.
The following Sigma Capital hotels will be re-branded in 2008:
Melia Grand Hermitage, Golden Sands, Varna
Sol Nessebar Palace, Nessebar
Sol Nessebar Bay, Nessebar
Sol Nessebar Mare, Nessebar
