Hilton Hotels & Resorts has signed a management agreement with Corferias to operate a new-build property in the convention and exhibition center of Bogota, Colombia.
Scheduled to open in 2018, the new 414-room Hilton Bogota Corferias will boost the company’s footprint in Colombia, where Hilton already has 13 hotels open and approximately 10 under development.
The hotel will be located adjacent to the existing Trade Fair Venue and Exhibition Center, Corferias and the Ágora Bogotá International Convention Center scheduled to open in 2017–a project led by the Bogota Chamber of Commerce. The hotel will also be approximately 10 minutes from El Dorado International Airport.
The Hilton Bogota Corferias is owned in partnership with Pactia, a Colombian private equity fund with extensive experience in real estate investments.
Hilton currently has more than 90 hotels and resorts open in Latin America, including 13 hotels in Colombia. The company is actively pursuing additional Latin American growth opportunities and currently has a pipeline of more than 60 hotels throughout the region, including 10 projects in Colombia.