Melia Hotels

Hotels
Spain

"A handful of mostly European hotel groups are looking to steal a march on their U.S. competitors by moving into the Iranian hospitality market while U.S. companies still face regulatory uncertainty...Abu Dhabi-based-Rotana Hotel Management Corp. PJSC, France’s Accor, Spain’s Meliá Hotels International  and Germany’s Steigenberger Hotel Group are all moving quickly in anticipation of a tourism and business boom...Meliá has a five-star property in the works on the shores of the Caspian Sea." (Reuters, "Iran Prepares for an Uptick in Tourism," 10/4/2016).