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 Forum index » Puerto Plata (Dominican Republic) » Puerto Plata Chit Chat
Looks like Riu is leaving POP
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bryanb
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PostPosted: Sat Oct 20, 2012 11:10 am    Post subject:   Looks like Riu is leaving POP Reply with quote

Grabbed this link from another forum.

http://www.caribjournal.com/2012/09/25/dominican-republic-hotel-complex-listed-for-sale/

By the looks of things this could be the last winter for Riu in Puerto Plata.
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PostPosted: Sat Oct 20, 2012 11:22 am    Post subject: Reply with quote

Well the Mambo is already shut down (maybe in use as extra rooms for the Merengue) after they had been selling rooms locally when they couldn't fill them with tourists.

see also http://dominicanwatchdog.org/page-Puerto_Plata_is_DEAD,_Largest_hotel_chain_RIU_desperate_to_sell_their_mega_complex

And

http://www.fabianhomes.com/news.php?idnews=19&page=

however it seems strange (or careless) for the seller to say

Quote:
Recently, Riu Hotel & Resorts reported paying $111 Million for a Times Square development site. Riu will develop its first New York hotel. The five-star, 300,000-square-foot property is expected to open in mid-2015.

The company wouldn’t answer questions about the decision to sell the 1590-room oceanfront Resort or how much the property might fetch in terms of pricing.


and

Quote:
“Dominican Today” informs of an increasing Chinese interest for tourism and investment in the area of the Caribbean. Chinese officials invited Tourism minister Francisco Javier Garcia to promote trade between the two nations.

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Trish
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PostPosted: Sun Oct 21, 2012 10:16 am    Post subject: Re: Looks like Riu is leaving POP Reply with quote

bryanb wrote:
Grabbed this link from another forum.

http://www.caribjournal.com/2012/09/25/dominican-republic-hotel-complex-listed-for-sale/

By the looks of things this could be the last winter for Riu in Puerto Plata.



Wow. Big changes all around for the "RIU'S" but seriously reading that article made me think of the game of "MONOPOLY" LOL
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PostPosted: Sun Oct 21, 2012 3:50 pm    Post subject: Re: Looks like Riu is leaving POP Reply with quote

bryanb wrote:
Grabbed this link from another forum.

http://www.caribjournal.com/2012/09/25/dominican-republic-hotel-complex-listed-for-sale/

By the looks of things this could be the last winter for Riu in Puerto Plata.


wow interesting .... luv the thought of having a Riu in New York though...
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PostPosted: Sun Oct 21, 2012 4:01 pm    Post subject: Reply with quote

Can you just imagine the prices in a New York Riu?
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PostPosted: Mon Oct 22, 2012 8:32 am    Post subject: Reply with quote

...a few years ago locals in playa were telling us about the increased Chinese presence in real estate and business ventures in the area...
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PostPosted: Mon Oct 22, 2012 9:30 am    Post subject: POP Reply with quote

Had to happen sooner or later the place has went that far down hill it would be a massive job to get it back up to its original splendor

I guessed something was going to happen when they wouldnt refurb it

A shame really

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PostPosted: Mon Oct 22, 2012 9:42 am    Post subject: Reply with quote

The other sites say POP as an area is dead - perhaps it wasn't brining in the money to justify a refurb?
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PostPosted: Mon Oct 22, 2012 7:53 pm    Post subject: Reply with quote

Trish wrote:
Can you just imagine the prices in a New York Riu?


To bad it won't be an AI. :)
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1999, 2001 - Hacienda Andreas - Puerto Plata, DR
2003 & 2014 - Holiday Inn Sunspree - Montego Bay, Jamaica
2006 - Breezes - POP; Grand Falls, NL
2007 - Casa Marina Bay, Samana, DR
2008 & 2010 - Riu Naiboa, Punta Cana DR
2009 - Riu Mambo, Puerto Plata, DR
2011 - Riu Vallarta, Puerto Vallarta, MX
2012 - Sunset Beach Resort, Montego Bay; Riu Lupita, Playa Del Carmen, MX
2013 - Riu Lupita, Playa Del Carmen, MX; Riu Santa Fe, Cabo San Lucas, MX
2015 - Riu Lupita, Playa Del Carmen, MX
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