Investors bring $25M to Peru for hotel development27 Aug, 2013 By: Elliott Mest
Hotel investors and finding interest in Peru, according to a report from Andina showing an influx of $25 million being funneled into the country's southern Arequipa region. The money will be provided between 2013 and 2014, and is planned for investment in four hotel chains.
Rafael Cornejo, head of the Arequipa Hotel and Restaurants Association told Bernama that the primary recipients of the money will be five-star hotels with upwards of 600 beds, aimed at drawing more travelers to the region. The hotel chains targeted for investment will include Costa Sol, located in Arequipa city; Aranwa, in Yanahuara; Sonesta Posada del Inca, in Cerro Colorado; and San Agustin Hotels in the Colca Valley.
Cornejo went on to say that the expansion of international hotel chains in the Arequipa region is key to the development of the area as a tourism destination. Cornejo also announced that the 31st Mining Convention is to be held in Arequipa, drawing over 13,000 visitors to the region.
Earlier this month, the Wyndham Hotels Group opened its first upscale Wyndham Hotels and Resorts property in Peru with the 79-room Wyndham Cusco Saqsayhuaman in Cusco. Peru This Week reported that this is the second full-service Wyndham property in South America and the fifth Wyndham Hotel Group property in Peru, following the expansion of the Ramada brand in the country last year to four hotels.
Hotel News Resource also reported that Holiday Inn opened a $24-million new-build property in Lima, connected to the city's Jorge Chavez International Airport. The eight-story hotel has 179 rooms.Topic : Investment, Peru, Development
External Source : Andina, Bernama, Peru This Week, Hotel News Resource
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