US EditionAlgeria Is Staying with the Hotel El Palace
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6 Articles
Algeria - Arabic Jerusalem: The historic El Palace Hotel in Barcelona, formerly known as Ritz, became the property of the Algerian State a few weeks ago, according to the Spanish newspaper Lavangwardia, published on 28 October. El Palace is the oldest luxury hotel in Barcelona, opened in 1919 on Grand Pia de la Cortes. [...]
The Algerian National Investment Fund assumes ownership of the emblematic establishment through a payment-in-payment grant.
Algeria has recovered an iconic hotel in Barcelona, formerly the property of businessman Ali Haddad. This operation is part of the Algerian government's ongoing efforts to recover the property badly acquired by some figures of the country's economic and political elite. The Palace of Barcelona, a five-star hotel located at 664-668 Gran Via de les Corts Catalanes, is one of the most historic establishments in the city. This prestigious hotel was …
The Palace of Barcelona, the oldest luxury hotel in the Catalan capital, has been owned by the Algerian State for a few weeks, according to La Vanguardia and Efe. Since 2011, the property was owned by Algerian tycoon Ali Haddad, currently imprisoned in his country for embezzlement, abuse of power and corruption, and the Algerian Justice had demanded from the Spanish, without success, its restitution, considering that it was acquired with diverte…
The emblematic Hotel Palace in Barcelona has been owned by the Algerian state for a few weeks now. Since 2011, the luxury hotel located on Barcelona's Gran Via has been...
The Palace of Barcelona, the historic Ritz, the oldest luxury hotel in the city, has been owned by the Algerian State for a few weeks. Algeria’s National Investment Fund (FNI), a public financial institution that reports directly to the head of government, received last August 1st, through the mechanism of the giving in payment, “the full domain of the estate” that houses the establishment, at number 664-668 of the Gran Via de les Corts Catalane…
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