Spanish chain Riu Hotels plans for £218m London hotel for UK debut

Spanish chain Riu Hotels & Resort is set to open its first UK property in London at a cost of €250m (£218m).

The company has acquired 1 Neathouse Place near Victoria Station and plans to convert the building into a four-star, 350-bedroom hotel as part of its Riu Plaza urban brand, with a prospective opening date of 2020. The building was originally constructed in the 1960s and was fully renovated in 1997. The hotel will retain the structure of the building, with the interior being completely refurbished. The hotel will also have a bar, restaurant, and an open-air terrace.

The company has six Riu Plaza hotels worldwide, as well as two under construction in Spain and New York.