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 CaixaBank provides €2.5B in Spanish tourism financing in H1 2026 20 August 2026 Residential M&G acquires 526-room living complex in Barcelona 19 August 2026