RIU Hotels & Resorts has announced the construction of a hotel in its Riu Plaza urban line, in Toronto.
The Spanish company will invest US$100 million in the project, that will establish the first RIU hotel in Canada and will add continuity to the hotel company?s plan to expand into the world?s great cities.
Luis Riu, CEO of RIU Hotels & Resorts, noted that the opening of the first hotel in Toronto ?is a big step forward in our commitment to expanding the Riu Plaza hotel line in the world?s key cities, establishing the RIU brand beyond more traditional vacation destinations. We hope this hotel attracts RIU customers around the world to discover the city of Toronto with us, and also hope that the loyal customers we have in Canada decide to discover our urban product. This project means a new drive to raise awareness of our brand within and beyond the country.?
