InterContinental Hotels Group has signed two new-build Holiday Inn Express properties in Peru. One will be in Lima, the country’s capital city, and a second in Piura, a business center in the northern part of the country.
The 164-room Holiday Inn Express Lima San Isidro hotel will be located within the municipality of San Isidro, known as the financial center of Lima. The 120-room Holiday Inn Express Piura hotel will be built within the Plaza de la Luna complex, a major shopping center in Piura, the largest city in northern Peru.
Both properties are expected to open in 2019 and will be developed through a joint venture between Grupo Centenario and Grupo Agrisal. Grupo Centenario is an 85-year-old publicly traded Peruvian real estate company, and Grupo Agrisal is a key IHG development partner with seven hotels open in the region.
"We are consistently evaluating opportunities to diversify our holdings," Gonzalo Sarmiento, GM Grupo Centenario, said in a statement. "We have concluded that the hospitality sector provides excellent opportunities to support Peru’s ongoing need for internationally flagged hotels.” Grupo Centenario’s holdings include planned communities, multi-family housing and urban developments, among others. Grupo Agrisal’s primary business focus is to develop and operate hotels and commercial real estate projects in Latin America.
Agrisal Hoteles, the hotel management arm of Grupo Agrisal, currently manages the Crowne Plaza San Salvador and Holiday Inn San Salvador hotels in El Salvador, the Holiday Inn San Jose Escazu and Holiday Inn Express San Jose Forum hotels in Costa Rica, the Holiday Inn Express Panama Distrito Financiero hotel in Panama, the Holiday Inn Express Managua hotel in Nicaragua, and the Holiday Inn Express Tegucigalpa hotel in Honduras.