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REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS
APPENDIX II: ASSOCIATES
Investee company
Registered address of
investee company
Main activity of the
Investee Company
Parent company’s
% stake in investee
company
% of voting rights
controlled by
parent company
Borokay Beach, S.L.
Madrid
Hotel Business
50%
50%
Capredo Investments GmbH (*)
Switzerland
Holding company
50%
50%
Consorcio Grupo Hotelero T2, S.A. de C.V.
Mexico City
Hotel Business
10%
10%
Inmobiliaria 3 Poniente, S.A. de C.V.
Puebla
Hotel Business
27%
27%
Losan Investment Ltd.
London
Hotel Business
30%
30%
Mil Novecientos Doce, S.A. de C.V.
Mexico
Hotel Business
25%
25%
Palacio de la Merced, S.A.
Burgos
Hotel Business
25%
25%
Sotocaribe, S.L.
Madrid
Holding company
36%
36%
Hotelera del Mar, S.A.
Mar de Plata
Hotel Business
20%
20%
Varallo Comercial, S.A.
Dominican Republic
Hotel Business
14%
14%
Hotel & Congress Technology, S.L. (*)
Madrid
R+D services
50%
50%
Beijing NH Grand China Hotel Management Co, Ltd. (*)
Beijing
Hotel Business
49%
49%
All companies end the year on 31/12/2015
(*) Additions to the scope 2015
