Palma de Mallocra, Spain-based Grupo Iberostar (2015 revenues approximately US$2 billion) from 100 properties in twenty-seven (27) countries, will add management of the iconic 23-floor, 352-room Hotel Riviera (completed at a cost of US$8 million on 10 December 1957) to its management portfolio. The company also manages the 427-room Hotel Parque Central in Havana, Republic of Cuba, providing the company with the majority of four-star (based upon United States service standards) hotel rooms in Havana. The Hotel Riviera is owned by Republic of Cuba government-operated Gran Caribe, which is under the auspice of the Revolutionary Armed Forces of the Republic of Cuba (FAR).

The Hotel Parque Central is the most desired property for authorized travelers from the United States, especially business travelers.

Iberostar To Take Over Management Of Havana’s Landmark Hotel Riviera

The IBEROSTAR Riviera will be IBEROSTAR’s twelfth hotel in Cuba, further establishing the Majorcan chain’s commitment to this rapidly growing tourist destination.

Palma de Mallorca -- In January 2017, IBEROSTAR will be taking over management of the landmark HOTEL RIVIERA - its twelfth establishment in Cuba and second in Havana. On completion of the renovation work, the hotel will acquire 5* status and offer all the amenities and services associated with the company's Premium Gold category.

Standing on the Cuban capital's famous Malecón seafront esplanade and built in the style of when it first opened in 1957, the HOTEL RIVIERA will soon undergo extensive renovations. When finished, the hotel will feature 352 fully refurnished rooms. The project also includes work on communal areas, and will bring the range of products and services available at the hotel in line with the company's standards. The hotel will still be home to the legendary Cabaret Copa Room, a large venue for shows and live music and one of the most well-known spots for Havana nightlife.

The new hotel is a key milestone for IBEROSTAR and reinforces its commitment to Cuba as a top destination in the hotel chain's portfolio.

Enric Noguer, CEO America at GRUPO Iberostar stated: "IBEROSTAR Riviera is an historically important property with an outstanding reputation, and represents a major step forward in expanding our presence in Havana and Cuba. Cuba is a tremendously important destination for Iberostar and we remain committed to our objective of offering top quality and highly competitive accommodation options in this country."

The future Iberostar Riviera will be the chain's second hotel in Havana, joining the IBEROSTAR Parque Central. IBEROSTAR Hotels & Resorts currently has another eleven hotels in Cuba. In 2017, Iberostar will add its thirteenth hotel to its Cuban portfolio, the IBEROSTAR Bella Vista Varadero, a 5 star establishment in Varadero with 827 rooms.

About IBEROSTAR Hotels & Resorts

IBEROSTAR Hotels & Resorts is a resort hotel chain based in Palma de Mallorca (Balearic Islands, Spain), founded by the Fluxà family in 1986. IBEROSTAR Hotels & Resorts is an integral part of GRUPO IBEROSTAR, one of the main Spanish tourist companies with over 60 years of experience, which currently has more than 100 hotels of 4 and 5 stars in 16 countries around the world.

Economic Eye On Cuba

Iberostar Of Spain To Manage Hotel Riviera; Will Compliment Hotel Parque Central

U.S. - Cuba Trade and Economic Council, Inc.