Luis Riu: Our purchase of Riu Buena Vista confirms our commitment to the Canary Islands


RIU Hotels & Resorts has completed its purchase of Hotel Riu Buena Vista, located in southern Tenerife, with spectacular views of the Atlantic from its outstanding location in Costa Adeje. The chain has been operating the hotel since 2008, but only now has it been able to buy the building, with a view to investing in a major overhaul that will modernise the hotel and increase the quality of its services.

RIU has three hotels in the south of Tenerife. Riu Palace Tenerife and Riu Arecas were fully refurbished in 2015. All that remained to be done to complete the modernisation of its establishments in this location was the refurbishment of Riu Buena Vista, and this will now be possible after its purchase.

Luis Riu: purchase of Hotel Riu Buena Vista

“This acquisition represents a step forward in our strong commitment to the Canary Islands, where we opened our first hotel in 1985, and an increase in the quality of our services overall. Our purchase of this hotel also means job stability and wellbeing for all the staff after a period of uncertainty prior to the confirmation of the purchase transaction,” explains Luis Riu, CEO of Riu Hotels & Resorts.

With 4-star rating, all-inclusive service, 509 rooms, two restaurants and three bars, the hotel is ideal for family holidays, thanks also to its extensive daily entertainment programme and evening shows. The refurbishment, planned for the year 2020, means a qualitative improvement to the facilities, with a new design and new services to please its loyal customers.

Luis Riu believes that “a commitment to quality is the only way to keep customers and to hold our market position, especially now that competing destinations like Tunisia, Egypt and Turkey are gaining popularity in the main European countries, which are also the countries that bring most customers to the Canary Islands. I am confident that this refurbishment will also serve to maintain our popularity with our customers, including the British, who make up a significant market for this destination and for this hotel in particular.”

The RIU Group has an ambitious expansion plan for the next five years, with a strong commitment to new destinations, especially in Asia, and large global cities where it plans to open Riu Plaza urban hotels. The hotel chain, which goes back more than 65 years, is characterised by its strong commitment to the destinations where it settles, investing in long-term projects that involve the local community through its purchasing, employment and sustainability policies. RIU is also making a big investment in the development and improvement of an increasingly sustainable operation, and all of its projects are guided by respect for the environments and the local culture and environment.


About RIU: 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 specialises in sun and sand holiday resorts. More than 50% of its resorts offer RIU’s acclaimed all-inclusive by RIU 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 19 countries and 23,400 employees which welcome over 3 million guests a year. RIU is currently the world’s 27th ranked chain (according to HOTELS magazine in 2010), one of the Caribbean’s most popular and the fourth largest in Spain.

For more information: Press Department Tel.: +34 971 74 30 30 // prensa@riu.com



Palma de Mallorca, 18 December 2018


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