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RIU Starts Work On Edificio España To Open Hotel In 2019

Posted by: In: Real Estate 24 Oct 2017 Comments: 0 Tags: , , , , , , , , , , ,
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24 October 2017 – Expansión

The Mallorca-based hotel chain RIU has started work to renovate Edificio España, which will house its first hotel in Madrid and which will be the company’s flagship property in the country.

The future RIU Plaza will have a four-star rating and will contain 589 rooms and 15 meeting rooms, with almost 3,000 m2 to be used for events. Moreover, the hotel will have a gastro bar in the reception, two restaurants and a sky bar located on the two upper floors, one of which will have a terrace and a swimming pool.

The hotel chain purchased Edificio España from Baraka back in June in a three-way transaction, shortly after the Murcian group owned by Trinitario Casanova had purchased the property from Wanda for €272 million.

Original story: Expansión (by R. Arroyo)

Translation: Carmel Drake

The post RIU Starts Work On Edificio España To Open Hotel In 2019 appeared first on Aura Real Estate Experts.

Source:: AURA Real Estate Experts

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