TUI Group sells Riu Hotels & Resorts stake for €670m

tui group sells riu hotels resorts stake for e670m

Sumary of TUI Group sells Riu Hotels & Resorts stake for €670m:

  • This joint venture will continue to manage and distribute all Riu hotels – including the 21 properties that will be fully owned by the Riu family..
  • “The group intends to grow primarily with its international hotel brands Tui Blue, Riu, Robinson, Tui Magic Life and the management of these hotels, but in doing so will tie up less capital in land and its own real estate in the future,”.
  • The international Riu chain was founded in Mallorca in 1953 as a small holiday firm and is still owned by the family….

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