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in Cabo San Lucas, Mexico; Largest Single Capital Investment Ever Made by the Company |
| Mallorca, Spain (December 18, 2006) � Last month Riu Hotels & Resorts
officially broke ground on its newest resort, Riu Santa Fe in Cabo San
Lucas, Mexico.
The Resort is scheduled to open in November 2007, construction is expected to take 12 months and cost over $135 million. This marks the largest single capital investment ever made by the company. Riu Santa Fe will be RIU�s second resort in Los Cabos and its thirteenth in Mexico, situated in close proximity to RIU�s other five-star property, the Riu Palace Cabo San Lucas. Located just outside bustling downtown Cabo San Lucas, the Riu Santa Fe, will be the company�s largest resort, featuring 902 guestrooms and suites spread across a lush and sprawling beachfront property. Designed in a distinctive architectural style intended to reflect its
Mexican location, the hotel will offer RIU�s legendary all-inclusive amenities
and renowned personalized service.
Riu Santa Fe Rendering A true leisure resort with a distinctive charm and personality, Riu Santa Fe will provide its guests impressive facilities, limitless activities and numerous all-inclusive gourmet restaurants and bars. Equally suited to meet the needs of business guests, Riu Santa Fe will also include three conference rooms. Riu Hotels & Resorts, a family owned business, was founded in 1953 in Mallorca. The international resort chain led by brother and sister Luis and Carmen Riu is with actually 109 Hotels, one of the most well respected and well-recognized hotel chains in the world. |
| Contact:
Riu Hotels & Resorts
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