Another Investment by Riu Hotels in Panama

With an investment of $67 million the Spanish chain Riu Hotels & Resorts will build a beach resort in the district of Rio Hato, Cocle Province.

Thursday, November 22, 2012

The 520 room hotel under the name Riu Playa Blanca, will be the second in Panama owned by the chain, after having opened the Rui Plaza in 2010 which has 645 rooms in the capital.

"The stretch of beach, located between Punta Chame and Rio Hato, has been the heart of hotel investments which together add up to more than $300 million.

In the last 10 years, five resorts have been built and the total number of rooms is close to 4000. Operating in the area are chains like Sheraton, Wyndham, and in December the hotel Buenaventura will start operating under the brand JW Marriott", reports Prensa.com.

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