RIU Hotels & Resorts has inaugurated the Riu Plaza New York Times Square, its first hotel in New York City. The
newly constructed hotel has an excellent location in the heart of Manhattan, just a few steps from emblematic Times
Square and the city's most famous spots. All of these features make the new, 647-room hotel the ideal point from
which to explore the city. RIU has invested a total of $ 310 million in the project, its largest investment to date.
This investment included purchasing the land, constructing the building — with its modern style and 29 floors — and
fitting out and decorating the hotel, with its simple and contemporary design. "This opening is a dream come true.
It took us nearly ten years to find for the most appropriate opportunity to invest in the right location in New York, in
addition to the three years it took to prepare and build the hotel. However, without a doubt, all of the effort and
work was worth it seeing how the Riu Plaza New York Times Square hotel is now a reality", affirmed Luis Riu, CEO
of RIU Hotels & Resorts. Luis Riu also made clear how "proud he is to offer our most trusted guests the opportunity
to explore the city with us." New York is the cultural and economic capital of the world and receives more visits than
any other city across the globe. In 2015 alone it received almost 60 million tourists, once again, beating its own
record for number of visitors. Almost everyone dreams of visiting the city at least once in their lifetime and RIU
expects that many of its repeat customers will also join them in New York, Of RIU's 4.1 million guests in 2015, 40%
are loyal to the brand. The 647 rooms housed in the majestic building of the Riu Plaza New York Times Square are
divided into doubles, executives, family suites, junior suites and the presidential suite. All of the rooms will have all
sorts of amenities such as: a minibar, a flat screen television, a safe and free Wi-Fi, which will be available
throughout the entire hotel. With respect to gastronomy, the hotel has the Fashion restaurant and the Capital Grab &
Go bar. Fashion is an à la carte restaurant for dinners and lunches, and offers buffet breakfast in the morning. It will
also be open for snacks from 12 PM to 11 PM. In turn, Capital will offer coffee, tea, soft drinks, snacks, sweets and
healthy bites to eat. With regard to business tourism, the hotel has two conference rooms with capacity for 70 and
75 people, respectively, along with two meeting rooms. Guests can also rent full audiovisual equipment and all four
rooms have Wi-Fi connection. It is also worth noting that guests will have a gym with the latest and most modern
equipment at their disposal. With the opening of the RIU Plaza New York Times Square, RIU now has five hotels in
its urban line: the Riu Plaza Berlin in Germany, the Riu Plaza Panama in Panama City, the Riu Plaza Guadalajara in
Mexico, and the Riu Plaza Miami Beach in Florida (USA). About RIU: The international RIU chain was founded in
Mallorca 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 holiday resorts and over 70% of its establishments offer its acclaimed All Inclusive by RIU
service. With the inauguration of its first city hotel in 2010, RIU is expanding its range of products with its own line
of city hotels called Riu Plaza. RIU Hotels & Resorts now has more than 100 hotels in 18 countries which welcome
over 4 million guests a year and provide jobs for a total of 27,268 employees. RIU is currently the world's 29th
ranked chain, one of the Caribbean's most popular, the largest in Spain in terms of revenue and the third largest in
number of rooms.