RIU to Debut in New York
Friday June 29th, 2012 - 6:31AM
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NEW YORK–Spain-based RIU Hotels & Resorts plans to open a 600-room RIU Plaza Hotel in Manhattan's Times Square neighborhood in 2015.
The new-construction project will be located at 8th Ave. & 46th St. in the heart of the Broadway theater district. The hotel will feature a restaurant, bar, cafe, fitness center and executive lounge.
A third-generation, family-owned company, the RIU chain has more than 100 hotels in 16 countries in its portfolio.
Tags: Hospitality Ownership
The most recent NYU Conference, earlier this month proved, once and for all, that the lodging industry has finally turned the corner and happy days are, indeed, here again. While the economists and pundits all provided plenty of anecdotal evidence to bear that out in terms of supply and demand ratios, RevPAR projections, asset values and all the other metrics, that’s not what has me convinced.