Keyword: Riu Hotels & Resorts
The Spanish company has purchased a 25-hectare site on Senegal’s west coast to build at least two new hotels.
The company demolished a previous hotel with the same name and rebuilt it from scratch.
When the Toronto property opens in 2021, it will be the Spain-based company's first hotel in Canada.
The hotel sector has switched up some roles: as global brands shed owned assets, traditional tour operators are stepping in as hotel owners.
In the course of the last few years, the Spanish market has been favorable for many asset repositioning projects that are helping to attract travelers.
Madrid’s growing reputation as a leisure and business destination is bringing in more international visitors. Those visitors, in turn, are bringing in more branded hotels.
As part of a Dh385-million deal, Riu's first project in the Middle East is expected to be completed in 2020.
Centara Hotels and Resorts is set to manage Nakheel's new beachfront resort in the Deira Islands.
The Riu hotel chain purchased the Edificio España in Madrid and is turning it into the first Riu Plaza urban hotel in Spain.
Riu will rebrand and renovate the Edificio España into a 24-floor Riu Plaza hotel with three floors of retail space.