RIU to open a hotel of its urban line, Riu Plaza in Madrid’s emblematic “Edificio España”

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RIU Hotels & Resortshas signed a strategic partnership with the Baraka business group to take part in the ownership and renovation of the emblematicEdificio EspañaonMadrid’s Plaza de España, to open a hotel of theRiu Plazaline. The hotel chain from Mallorca and Baraka have created a joint venture in which RIU holds a 25% share. The agreement signed recently between the two companies also includes a contract for management of the hotel, which is expected to be inauguratedin two years’ time, following completion of the renovation works.
ForRIU, this project represents an incursion into Spain’s urban hotel market, a longheld desire for the company that could not materialize until finding such an excellent opportunity and location. The new Riu Plaza will occupy 24 floors of the 27-storeyEdificio España, while the rest will be designated for commercial use; it will have approximately650 roomsand a4-star category. The project, which is in the final design stages, will also include over 1,800 square meters of space for events, including a 1,500-square meter open hall with a height of six meters, making it a unique space in the heart of Madrid. It will also have two restaurants, a swimming pool on the roof, which will also be the site of the Sky Bar and another 900 meters of additional space for events.
With all these amenities, in addition to its central location,RIUhopes to attract leisure travellers visiting Madrid to enjoy shopping and cultural visits, as well as corporate travellers.
“We are very excited about this new project. It will not only signify our Riu Plaza brand’s début in Spain but will also be a worldwide reference for the company thanks to its excellent location on Madrid’s Gran Via and the singular nature of the Building. We believe that this partnership with Baraka is an excellent opportunity to strengthen our brand’s positioning in Spain and in the world”, affirmedCarmenandLuis Riu, theCEOsofRIU Hotels & Resorts.
RIUcurrently hassix Riu Plazahotels around the world. The first one opened its doors inPanamaCity in 2010, and since then has been joined by theRiu Plaza Guadalajarain Mexico, theRiu Plaza Miami BeachandRiu Plaza New York Times Squarein the United States, theRiu Plaza Berlinin Germany and, more recently, theRiu Plaza The Gresham Dublinin Ireland.