- Project Type: Hotel
- Opportunity: Luxury Boutique Hotel
- Province: Pichincha
Whether the existing architectural heritage for a hotel able to accommodate 35 rooms. Listed as a Heritage Building. Catalogued as a "Courtyard House". Twentieth Century.
Pichincha Province - Quito City. Historical Downtown. Mejia Street, between Venezuela and Guayaquil. - 100 m. north-east of the Plaza Grande. - 50 m. west of the Plaza "Huerto de San Agustín".
National and international tourists focused on cultural and architectural heritage tourism with high quality standards.
Estimated investment needs
Investment needed to adapt existing facilities to luxury boutique hotel. Renovation of a building that is listed as a heritage property of the city architecture (area: ground: 1.144 m2 – construction: 2.907 m2). The value of the property is $ 1'719,000 USD.
Emergency Temporary Investment
It is evident from the lack of supply, the current need to have a first class accommodation and luxury in the historic downtown, which it is the largest and best preserved in Latin America and a World Heritage Site.
Investment Profile Wanted
Financial investor with knowledge of the hotel business to present a model of optimal management and related to the potential of a capital asset located in the heart of the Historical Downtown area.
Agreed Draft Model for Property
The state will retain ownership of the building plot, investor and public company will establish a public - private partnership – partnership. The investor will keep the agreement until full recovery of flows of the project, after which the investor may continue or return the investment to the State.
Suitable Preliminary Management Model
Subject to negotiation.
Prime location in the Historical Downtown, area with permanent housing demand for the high number of tourists – Development of comprehensive plans for urban improvement in the sector – Variety of tourist attractions concentrated in the immediate vicinity of the property.