Iberian Property > News > Hotels The Palace Barcelona becomes property of the Algerian State The iconic five-star hotel, formerly known as the Ritz, was transferred to Algeria’s National Investment Fund following the fall of businessman Ali Haddad. Alexandre Lima | 29/10/2025 The Palace Barcelona. Image by: Booking. Exclusive Content NOT A SUBSCRIBER YET? SUBSCRIBE HERE >> Already a subscriber? LOGIN HERE >> Related news: Hotels Summum Hotel Group opens a five-star boutique hotel in Ávila 29 May 2026 Hotels Spain retains its position as Europe’s top destination for hotel investment 03 June 2026