RIU to Acquire 252-room Hotel on St. Martin for $45 M; To Re-Brand as Riu Palace St. Martin

Riu Palace St MartinPalma de Mallorca, May 9th, 2014 – RIU Hotels & Resorts will purchase, on May 28, a luxurious hotel in the French part of the Caribbean island of St. Martin with a 45 million dollar investment. The hotel has 252 rooms, an exceptional seafront location at an exclusive cove with wonderful white sand and turquoise waters.

The Riu Palace St. Martin offers several restaurants, bars, swimming pools, sports and aquatic activities, a mini-club for the little ones, a complete spa and marina, as well as dream-like places to hold events and weddings.

St. Martin is an exclusive destination. Typical photographs of idyllic beaches, that travellers from around the world dream about, were most likely taken on this tiny, paradisiacal island. With its famous beaches, climate and kind local people, St. Martin has become a highly popular international destination. Most Caribbean cruises make a stop here, and the island offers a range of high-quality restaurants, hotels and leisure activities. Additionally, the beauty and richness of its waters make it a paradise for snorkelling lovers.

About RIU Hotels & Resorts

RIU to Acquire 252-room Hotel on St Martin for $45 M To Re-Brand as Riu Palace St MartinThe international RIU chain was founded in Mallorca by the Riu family in 1953 as a small holiday firm and is still owned by the family’s third generation. The company specialises in holiday resorts and nearly 70% of its establishments offer its acclaimed All Inclusive by RIU service. With the inauguration of its first city hotel in 2010, RIU is expanding its range of products with its own line of city hotels called Riu Plaza. RIU Hotels & Resorts now has more than 100 hotels in 16 countries which welcome over 3,5 million guests a year and provide jobs for a total of 27,107 employees. RIU is currently the world’s 29th ranked chain, one of the Caribbean’s most popular, the largest in Spain in terms of revenue and the third largest in number of rooms.
Media Contact:
Press Department
RIU Hotels & Resorts
Tel: +34 971 74 30 30
Email: prensa@riu.com
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