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: Offices CATALAN GOVERNMENT ACQUIRES RACC HEADQUARTERS IN BARCELONA FOR €75.5M 19 October 2026 Market Updates Senior living moves up the investment agenda in face of a shortage of care beds 09 October 2026