From a recent press rlease:
THE 450-ROOM, $120 MILLION, all-inclusive Riu Palace Aruba unfurled its flag on Aruba's Palm Beach on July 24, marking the Spanish hotel firm's debut in the destination. The resort, which is built on the site of the former Aruba Grand, features two pools with interconnecting Jacuzzis, five restaurants, several bars, a spa, a casino and an array of water sports and activities. "Already, demand from the North American and European markets has exceeded our expectations," said Luis Riu, chairman and owner of Riu Hotels & Resorts. In the Caribbean region, the firm also has properties in the Bahamas, Cuba, the Dominican Republic, Jamaica and Mexico.