Playa de Palma, Mallorca, August 13, 2010 

� After an investment of 120 million USD, the hotel chain will open its first city hotel in Panama City.
� RIU PLAZA is the new urban product line designed for cities

Riu Panama Plaza, first city hotel from RIU Hotels & Resorts, will debut next September 13th 2010 in Panama City. After 57 years of experience in resorts, the company will open its first hotel of the new product line, RIU PLAZA, which will offer special designed services for guests travelling on business or pleasure. 

We have seen in Panama City a good opportunity to make the move towards the urban business for conferences and incentives. We present with enthusiasm, the best of service and philosophy of RIU applied into the city. It is an exciting time for the company and also one of the most important challenges in the history of RIU, "said Don Luis Riu, CEO of RIU Hotels & Resorts. 

The luxurious 5-star hotel, located in the heart of the finance district of Panama City, is a 120 million USD hotel. The new hotel is a modern 35-storey building with 645 rooms and offers an ideal atmosphere for meetings, reunions and events. Guests will be able to use high-speed wireless Internet in all the areas including the rooms. 

The establishment offers excellent facilities for the business sector, with a fair balance between style, functionality and RIU´s acclaimed service. The hotel will dedicate 53.184 sq ft for meetings and events, spread over 21 conference rooms with capacity for 1,300 people. The sixth floor will feature a terrace of 19.3680 sq ft for cocktails and celebrations. 

The executive RIU Class lounge is a relaxing area, free for guests of the executive rooms and suites, and the customer cardholder RIU Class Gold and Diamond, where they can read newspapers and enjoy coffee, tea, soft drinks, wine and beer. 

The hotel will offer room service 24 hours a day, mini bar with complimentary initial content, sitting area with sofa and desk. The rooms are classified as Deluxe, Executive, Senior Suites (839.28 sq ft), Presidential Suites (1291.20 sq ft), and Penthouses (2776.08 sq ft and 3292.56 sq ft). It also has an outdoor pool with jacuzzi, gym, spa and wellness center, Turkish bath, hair and beauty salon. 

The hotel offers culinary choices distributed in the following restaurants: Arts and Prisma, where clients may have free breakfast, the a la carte restaurant Tastes, the Lobby Bar & Sushi Lounge Studio 50 and the Snack bar Ibiza Lounge, located in the pool area. 

Panama City, capital of Panama, is a modern and cosmopolitan metropolis and the main shopping, banking and finance district in Central America.The Panama Canal has become an important global center of strategic and logistics and a key area for air connections between North and South America.

About RIU Hotels & Resorts: 
The international RIU chain was founded by the Riu family in 1953 as a small holiday firm and is still owned by the family�s third generation. The company specializes in sun and sand holiday resorts and 50% of its establishments offer RIU�s acclaimed all-inclusive formula. With the inauguration of its first urban hotel in 2010, RIU widens its range of product with a new city hotel product line called RIU Plaza. RIU Hotels & Resorts now has more than 100 hotels in 21 countries which welcome over 2.9 million guests a year. RIU is currently the world�s 28th ranked chain (according to HOTELS magazine in 2009), one of the Caribbean�s most popular and the third largest in Spain by revenue and number of rooms.