Annual Results 2015 - Meliá Hotels International Earned €101.6 Million before Tax, an Increase of 79 Per Cent

• The Group Strengthens its Balance Sheet after Reducing Net Debt by €216 Million
• After Discounting Two Major Extraordinary Items, Net Profit Increased by More Than 200 per cent

Gabriel Escarrer Jaume, Vice Chairman and CEO of Meliá Hotels International: "As we begin 2016, which marks MHI's 60th Anniversary, we start the year in a stronger position than ever before, both in terms of the business and our financial position. The Company has also seen a significant improvement in our reputation and international recognition following the European Hospitality Awards naming the Company 'Best European Hotel Chain in 2015'. MHI's Strategic Plan to be presented during 2016 aims to further consolidate our brands, our digital commitment and strengthen the competitiveness and positioning of the Group."

In 2015, Meliá Hotels International earned a Net Profit of €40.5 Million (€36 Million Net Attributed Profit), a significant improvement on 2014 with increases of 27 per cent and 18 per cent respectively, although 2015 and 2014 are not exactly comparable given that 2015 results are affected by a higher tax rate, the result of the current inspection, started in late 2014 on the accounts for 2009 to 2012 inclusive.