.
MergerLinks Header Logo

Announced

Completed

RIU Group completed the acquisition of a 49% stake in RIU Hotels from TUI Group for $817m.

Financials

Edit Data
Transaction Value£577m
Consideration TypeCash
Capital Owned51%
Capital Bid For49%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

hotels

Hotels and Motels

Private

Friendly

Acquisition

Domestic

Spain

Majority

Single Bidder

Completed

Synopsis

Edit

RIU Group, a Spanish hotel and travel company, completed the acquisition of a 49% stake in RIU Hotels, the hotel business of RUI Group, from TUI Group, a travel agency group, for $817m. “With the sale of properties TUI sharpens its long-standing successful partnership with RIU and the Riu family and creates the basis for profitability and new growth after the pandemic. The transaction also enables us to further implement our ‘asset-right’ strategy with a clear focus on managing brand, operations, customer experience and distribution – decoupling growth in hotels from investments and hotel management and the holiday experience from property ownership," Fritz Joussen, TUI CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US