Acquisitions & Hotel Openings

RIU to Open Two Hotels in Agadir and One in Marrakech

The Riu Grand Palace Tikida Golf, which opens in May 2011, will be the second hotel in the Grand Palace line, RIU’s most luxurious

August 39, 2010 - RIU Hotels & Resorts will enlarge its portfolio with two hotels in the seaside town of Agadir and one hotel in the city of Marrakech. Thus, the chain continues to grow in the North African country, where it already has two hotels in Agadir and one in Marrakech. The destination has attracted the hotel chain’s guests and partners thanks to its beauty, quality service, climate and proximity. By late 2011, RIU will have six hotels in the country, which will add up to a total of 1,776 rooms.

The first new addition will be the Hotel Riu Grand Palace Tikida Golf, a small, 55-five hotel that will be joining RIU's portfolio on May 1, 2011. This is the second hotel in Riu Hotels & Resorts’ exclusive RIU Grand Palace line. The Grand Palace line is now being represented only by the Riu Grand Palace Maspalomas Oasis, located on Maspalomas Beach in Gran Canaria, Spain.

The Hotel Riu Tikida Garden will also be opening on May 1, 2011, after a comprehensive refurbishment carried out to adapt its facilities to the hotel chain’s quality standards. The hotel will have 255 rooms and offer Riu’s renowned All-Inclusive service.

RIU’s third inauguration scheduled for Morocco will be the Hotel Riu Palace Tikida Agadir in November 2011. This hotel, located on the oceanfront, will be the first hotel in the Riu Palace luxury product line in this resort on Morocco’s Atlantic coast, where the company currently operates the ClubHotel Riu Tikida Dunas and the Hotel Riu Tikida Beach. The new Riu Palace will have 440 rooms and feature RIU’s distinctive service and haute cuisine.

Golf lovers will find the Riu Palace Agadir Tikida an ideal choice, since its guests will be able to enjoy the many advantages of the 36-hole Golf du Soleil golf course located just seven kilometres away.

"Morocco is a fascinating country thanks to its rich culture and exotic traditions, all of which, together with its landscape, beaches and cuisine, make Morocco a complete tourist destination that attracts thousands of tourists each year”, says Carmen Riu, CEO of RIU Hotels & Resorts. She also adds that the Tikida Group is "the ideal partner for growing in the country, since both companies share the same values: a strict commitment to quality, a dedication to service and excellent value for money."

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.

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