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In 1956, however, Escarrer, then just 21, returned to Majorca to go into business for himself as a hotelkeeper.
1987: The company opens its first international hotel in Bali; the Meliá hotel group is acquired, and the name is changed to Sol Meliá.
In 1998, the company launched a new restructuring, integrating its two hotel-owning companies into its core Sol Meliá management arm.
In 1999 alone, the company spent more than EUR 605 million building 27 hotels and buying 34 more.
1999: Inmotel and MIA are integrated into Sol Meliá.
2000: The acquisition of Tryp Hotels places Sol Meliá as the number three European hotel group and number ten in the world.
2001: The company rebrands the hotels under four brands: Sol, Meliá, Paradisus, and Tryp.
2005: The company launches a renovation for a Hard Rock Hotel in New York City; a third hotel is opened in the Dominican Republic.
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Diamond Resorts | 1992 | $523.7M | 8,174 | 10 |
| Breezes at Orange Lake Resort | 1981 | $49.0M | 800 | - |
| Welk Resorts | 1964 | $190.0M | 600 | - |
| CheapCaribbean | 2000 | $32.6M | 100 | - |
| Shell Vacations Club | 1999 | $690,000 | 50 | - |
| Vacation | 1998 | $11.5M | 50 | 61 |
| Combined Services, Inc. | 1972 | $8.5M | 150 | - |
| Grand Pacific Resorts | 1991 | $80.0M | 800 | 9 |
| Royal Caribbean International | 1968 | $16.5B | 85,000 | - |
| Florida Police Benevolent Association | 1972 | $284.9K | 5 | - |
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Sol Melia Vacation Club may also be known as or be related to Sol Melia Vacation Club and Sol Melia Vacation Club, LLC.