Riu Hotels Merges Holdings While Expanding Beyond Spain
Photo Credit: The Hotel Riu Palace Mauritius (Mauritius), reopened in 2024, uses solar panels to generate electricity. Riu Hotels and Resorts
Skift Take
Riu Hotels is doing some corporate reshuffling while targeting more than 10% growth in net revenue this year.
Spanish hospitality group Riu Hotels & Resorts plans to merge the two major holding companies it controls. Hotel San Francisco is slated to be absorbed by Riu Hotels by summer.
"The consolidation is part of our ongoing effort to create a more efficient organizational structure that supports our growth objectives while maintaining our core values," said a Riu spokesperson.
The mostly family-owned business, which operates 98 properties across 21 countries, intends to streamline asset management, reduce administrative overhead, and enhance financing capabilities through the merger.
The compan
