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Riu Continues Trend of All-Inclusive Chains Buying up Existing Luxury Resorts in the CaribbeanMay 29, 2014 By: Joe Pike
|Riu Palace St. Martin's outdoor pool. The hotel opens in June.|
Riu Hotels & Resorts’ recent purchase of The Radisson Blu on St. Martin kept alive a recent trend of all-inclusive chains snatching up existing luxury resorts in the Caribbean and converting them to fully all-inclusive resorts.
Also in 2012, Playa Hotels and Resorts purchased the five-diamond Ritz-Carlton Rose Hall resort in Montego Bay, Jamaica. It is a 5,000 acre ocean-front luxury resort. The newly named Hyatt Ziva Rose Hall is slated to open in the fall.
The Riu purchase represents a $45 million investment. Riu Palace St. Martin will welcome its first clients in June. The new Riu hotel has 252 rooms and a great location at an exclusive cove with white sand and turquoise waters. The property will be a fully all-inclusive resort. The Raddisson Blu had an all-inclusive option but was not an all-inclusive resort.
Riu Palace St. Martin offers several restaurants, bars, swimming pools, sports and aquatic activities, a mini-club for the little ones, a complete spa and marina, as well as places to hold events and weddings.
St. Martin has become a highly popular international destination. Most Caribbean cruises make a stop here, and the island offers a range of high-quality restaurants, hotels and leisure activities.