Palma de Mallorca – The RIU Group is within the strategy of merging two of its holding corporations as a part of its company reorganisation and simplification mission. Because of this, Riu Motels S.A. will take in Resort San Francisco S.A., thereby unifying resort operations and holdings within the group’s numerous authorized entities. The merger mission was offered in March and will likely be finalised this summer time.
Following the merger, Riu Motels S.A. will make use of greater than 16,900 individuals and personal 51 inns (21 coming from Riu Motels and 30 from Resort San Francisco), with a complete of 26,051 rooms in 15 nations. The present corporations’ mixed turnover in 2024 exceeded 1.8 billion euros, a determine that’s set to surpass the 2-billion mark in 2025, whereas the 2024 EBITDA reached 702 million euros. The brand new Riu Motels S.A.’s mounted property have a ebook worth of 4.1 billion euros, and embrace the corporate’s 51 inns.
This merger will change the way in which that the corporate is organised, with a extra environment friendly asset administration and a extra rational distribution of actions. Moreover, it can lower the executive burden and scale back managerial prices as the companies will act as a single entity. The brand new Riu Motels S.A. ensuing from the merger can even have extra fairness, which suggests the next financing capability. The board of administrators will comprise all members of the fourth technology of the Riu household.
This merger mission started to take form after TUI offered its 49% stake in Riu Motels S.A in 2021 to the Riu household who grew to become the only proprietor of the corporate. As this was already the case with Resort San Francisco S.A., following the transaction, it not made sense to have two separate authorized entities engaged in the identical exercise. RIUSA II, which is collectively owned by TUI and the Riu Household, and itself owns 29 inns, will stay the administration firm of the brand new merged entity.
About RIU Motels & Resorts
The worldwide RIU resort chain was began in Mallorca, Spain, in 1953 as a small vacation enterprise run by the Riu household, the founders and present homeowners, now in its third technology. The corporate specialises in vacation lodging and over 74% of its institutions supply its famend All Inclusive by RIU service. With the opening of its first metropolis resort in 2010, RIU expanded its product line with its personal vary of city inns beneath the title RIU Plaza. RIU Motels & Resorts has 98 inns in 21 nations, with a complete of 38,055 staff that welcomed 6.7 million prospects in 2024. RIU is at the moment the fortieth largest chain on the earth and fourth in Spain when it comes to the variety of rooms.
For additional info please go to: www.riu.com.
