Cipriani invests $450M+ in Uruguay hotel project

Uruguayan architect Rafael Viñoly will reconstruct the San Rafael Hotel into the Cipriani Ocean Resort and Club Residences. Photo credit: Cipriani

Luxembourg-based hospitality stalwart Cipriani is coming to Uruguay's Punta del Este, investing more than $450 million to convert the Tudor-style San Rafael Hotel into the Cipriani Ocean Resort and Club Residences complex.

Uruguayan architect Rafael Viñoly will reconstruct the historic hotel, preserving the original design and adding residences, restaurants, spa, pools, boutiques and a private casino. 

The first phase of the renovation is scheduled to be completed in November 2021, and will include 164 hotel suites. An additional 800,000 square feet of residences will be added in the second phase of the project.

FREE DAILY NEWSLETTER

Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

The hotel and the club residences will be decorated by Florentine architect Michele Bönan, who will create all of the furniture from bedside tables to door handles. Bönan has worked on previous Cipriani projects.

Suggested Articles

The hotel investment properties chief sees emerging trends on the horizon as investment patterns shift.

The 120-room Fairfield by Marriott hotel, now under construction in Kitimat, British Columbia, is slated to open in Q1 2020.

The hotel will be a conversion of the former Al Areen Palace & Spa.