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RIU Hotels & Resorts to Purchase Madrid’s ‘Edificio España’ for First Riu Plaza Urban Hotel in Spain
RIU Hotels & Resorts | June 6, 2017
The RIU hotel chain has reached an agreement with the Baraka Group to purchase the 'Edificio España' outright and subsequently carry out the necessary refurbishments to turn it into the first Riu Plaza urban hotel in Spain. After purchasing the building from Wanda, the Baraka Group has sold the property on to RIU Hotels & Resorts. RIU has always shown immense interest in this project. 'It had always been part of our strategic plan to open a Riu Plaza hotel in Spain and this opportunity in Madrid, in such an unbeatable location and emblematic building, surpasses all expectations,' say Carmen and Luis Riu, C...
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