The Mallorca-based Riu Group is to acquire TUI's 49% ownership of nineteen hotels that operate under the Riu Hotels & Resorts brand. The hotel group will also be acquiring two projects that are currently under development - one in Mexico, the other in Senegal. The total value of the acquisition is said to be 670 million euros.
Riu to buy TUI's stake in nineteen hotels
A deal valued at 670 million euros
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