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The RIU Hotel Chain Ends 2004 with 110 Hotels, Starts Construction of New Palace Resorts in the Riviera
Maya, Mexico and Punta Cana in the
Dominican Republic

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February 11, 2005 - The RIU hotel chain will inaugurate a Palace hotel in the Portuguese Algarve in April and the ClubHotel Riu Funaná, its first resort in the Cape Verde Islands (western Africa), in September and it is building two new Palace hotels in Mexico and the Dominican Republic.

Other inaugurations planned for 2005 include one hotel in Benalmádena (Malaga), two in Bulgaria, one in Croatia and one on the island of Malta.

The chain concluded 2004 with 110 establishments, 32,811 rooms, 15,500 employees and turnover of 900 million euros.

Riu expects to conclude 2005 with 114 hotels, 35,000 rooms, 17,000 employees and turnover of approximately 1000 million euros.

RIU foresees investments along the lines of 150 million euros in 2005.

Furthermore, the chain kicks off the first quarter of 2005 with the construction of new Palace hotels in the Caribbean: the Riu Palace Riviera Maya in Mexico and the Riu Palace Punta Cana in the Dominican Republic.  Both establishments will be inaugurated in the first half of 2006.
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Riu Palace Algarve

The Riu Palace Algarve is a four-star plus category hotel that will open its doors on April 1, 2005 in Olhos díAgua in the Portuguese Algarve, next to the Riu Falesia and the Apartamentos Riu Falesia Mar.  The Riu Palace Madeira on the Portuguese island of the same name is also part of RIU.

The Riu Palace Algarve, the Spanish hotel chainís fourth establishment in Portugal, comprises four floors and is located on a cliff top, which ensures commanding  


Riu Palace Algarve
Quinta do Milharó
08200 Albufeira
Olhos D'Agua Portugal
views from most of its 349 rooms. Guests can reach Praia da Falesia beach on foot in ten minutes.  The hotel is located 8 kilometres from the village of Albufeira and 35 from Portugalís Faro airport.

Riu Palace Algarve is a palace-style hotel, with elegantly decorated spaces and furniture worthy of its kind, which combines the utmost in comfort with first-class service.

The hotel has two outdoor swimming pools, a heated indoor swimming pool, sauna, hamman, gym, Jacuzzi and a wellness centre, in line with the RIU hotel chainís promotion of services associated with health, relaxation, keeping fit and beauty treatments.

The hotel will offer premium international cuisine, including select dishes from Portuguese cuisine, and the option of dining at the theme restaurant.

The Riu Palace Algarve will also include two conference rooms for hosting special events and business meetings.

The Palace product was launched in 1989 with inauguration of the Riu Palace Maspalomas in Gran Canaria.  At present, RIU has 14 Palace hotels,  many of which have been honoured with the most important awards in the international hotel industry
RIU Hotels & Resorts (www.riu.com) has had a presence in Portugal since 1998.  Its latest inauguration was the Riu Palace Madeira in July 2001.

ClubHotel Riu Funaná

The RIU hotel chain is currently constructing the ClubHotel Riu Funaná, the new reference point in holiday tourism resorts on the island of Sal in Cape Verde (western Africa).

This new, five-star, all-inclusive hotel with 500 rooms has been conceived as an oasis of comfort next to one of Africa's best beaches.

The hotel will open its doors in September 2005.  Its first-class standards will no doubt make it the best holiday resort in the archipelago, thanks to the RIU brandís incomparable level of quality and service.

All-inclusive by RIU guarantees fine cuisine, all kinds of sports activities and installations which offer the utmost in comfort for the holiday guest seeking an exotic destination - on the shores of the Caribbean, yet just a four and a half hour flight from Madrid or six hours from Paris or Milan.

Furthermore, the flight does not cause jet lag, as the destination lies in southern latitudes, an additional advantage for European tourists.

Hotel refurbishment

The main refurbishment work is taking place in the hotels Riu Bravo in Playa de Palma (Majorca), ClubHotel Riu Paraíso in Lanzarote and Riu Yucatán in Playa del Carmen (Mexico).

The new Riu Bravo will open its doors in March 2005.  It will boast a spa with a wellness centre, an aqua bar and a theme restaurant featuring Spanish cuisine.

The ClubHotel Riu Paraíso is a resort which includes the Riu Paraíso hotel and the neighbouring Riu Palace Lanzarote hotel.  Inauguration is planned for May 2005.

The total refurbishment of the Riu Yucatán is to conclude in July 2005. This hotel was the first establishment the chain built in Mexico.

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Contact:
RIU Hotels
Tel: +34 971 743030
E-mail: maviolan@riu.es
www.riu.com
Also See: Riu Hotels: From a Small Family Business to an International Company / Sept 2001
RIU Opening Fifth Hotel at Playa del Carmen on the Mexican Caribbean Coast, the 300 room Riu Lupita / July 2004


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