Last updated: 12:45 PM ET, Thu February 1, 2024
WHY IT RATES: The agreement is formalized through O7 Hotels, World2Meet’smanagement firm. The start of this alliance will begin on January 1st, 2024, for a 15-year period. --Janeen Christoff, TravelPulse Managing Editor
BlueBay Hotels and World2Meet have signed a strategic agreement that includes both the marketing and operation of a portfolio of more than 12,000 beds in Spain, Mexico, and the Dominican Republic. This alliance is signed through World2Meet’s management firm, O7 Hotels, and is estimated to manage a business volume of 2,500 million euros over a period of 15 years.
“This strategic alliance between both groups is a joint commitment to long-term development that will result in an increase in the results of both firms in the three countries in which we will implement it,” declared Jamal Satli Iglesias, president of the BlueBay Hotels Group. Likewise, Satli Iglesias highlighted that “this agreement is a firm commitment to the future and, precisely for this reason, at BlueBay Hotels we are very satisfied with it.”
For his part, Gabriel Subías, CEO of World2Meet, pointed out that: “This agreement shows the commitment that W2M, through our hotel management company, O7 Hotels, sustains to offer our clients a leading vacation product. As managers of this agreement, we will continue working on our expansion strategy to guarantee a unique service where the client is the leading figure.”
As a result of this agreement, World2Meet’s hotel management firm, O7 Hotels, already manage 11 hotels in Spain, 6 located in the Balearic Islands and 5 in the Canary Islands. At an international level, the management company has one establishment in Riviera Maya and another in Puerto Plata.
Key to achieving the agreement has been the trust and commitment between the teams of two family business that - as the BlueBay Hotels Group and World2Meet - share a business philosophy with a long-term vision for their employees, clients, tour operators, business partners. distribution and local communities with which they have collaborated for many years and a commitment to sustainability as the future axis for 21 st century tourism.
The consolidation of emblematic tourist destinations such as Mallorca, the Riviera Maya and the Dominican Republic stand as an essential milestone in the alliance between the BlueBay Hotels Group and World2Meet. Mallorca, with its Mediterranean charm, the Riviera Maya, with its paradisiacal beaches, and the Dominican Republic, with its rich cultural heritage, are reference points shared by both companies. This agreement will not only positively impact the local economies but will also reinforce the tourist offer and strengthen the position of these locations as the perfect choice for travelers seeking extraordinary experiences.
SOURCE: BlueBay Hotels press release.
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