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 Canarian Hospitality invests in a new five-star hotel development in Lanzarote 04 February 2026 Market Updates Atom Hotels increases the value of its portfolio by 9% to €886M 06 February 2026