RIU Hotels & Resorts is moving forward in its expansion strategy for its Riu Plaza urban hotels by purchasing a plot of land in the heart of Chicago.
The newly-built skyscraper will house a hotel with 28 floors and more than 350 rooms. Construction work will begin in spring 2022 and is expected to last for around two years.
Chicago is the third largest city in the USA by population and is one of the most popular tourist destinations. The image of its skyline at the edge of Lake Michigan is recognized the world over and the Magnificent Mile shopping area, located right next to the future hotel, is the equivalent of New York’s 5th Avenue or Los Angeles’ Rodeo Drive.
Luis Riu, CEO of RIU Hotels & Resorts, observed: “We have been working to make this opportunity a reality for several years. It’s a dream location for any investor, right in the heart of the city. That’s why I’m so delighted to present this project, which has gone ahead despite numerous difficulties. Chicago is a great tourist destination that complements and enhances our range of urban hotels and strengthens RIU’s commitment to the United States, where we are about to open our fourth hotel, the Riu Plaza Manhattan Times Square.”
The hotel will be located at 150 East Ontario Street, a few metres from the Magnificent Mile.
RIU is about to open the hotel Riu Plaza Manhattan Times Square, taking the number of Riu Plaza hotels to nine.
These establishments are located in some of the world’s most important and historic cities: the Hotel Riu Plaza España in Madrid; the Hotel Riu Plaza Panama in Panama city; the Hotel Riu Plaza Guadalajara in Mexico; the Hotel Riu Plaza Berlin in the German capital; the Hotel Riu Plaza The Gresham Dublin in the Irish capital; the Hotel Riu Plaza Miami Beach in Miami; the Hotel Riu Plaza Fisherman’s Wharf in San Francisco; and the Hotel Riu Plaza New York Times Square and Hotel Riu Plaza Manhattan Times Square, both in New York.