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News: Best Western to open $30-million hotel in Peru by late 2011

 
Lima. Aug. 08 (ANDINA). Best Western International. one of the world's largest hotel chain. will open its first five-star Premier Hotel in Peru by the end of 2011.

With an investment of US$ 30 million. the new Best Western Premier Hotel will open in the Sarapampa beach of Cañete province in southern Peru.

‘Construction began in August 2009 and is now 30 percent complete. We are working on meeting all safety and quality standards before we continue with the project.’ said Revolutions Perú SAC general manager John Reynolds.

Best Western Premier Vista Pacific Resort is a Condo-Hotel that is being constructed on the seafront at Sarapampa Beach. 109 kilometers south of Lima on Intercontinental Pan-American Highway in the district of Asia.

For the development of this project. Revolutions Perú SAC has acquired 187.000 square meters. which will be divided into two phases that complement each other. namely the Best Western Premier Vista Pacifico Resort and the Beach community Las Terrazas.

Vista Pacífico Resort is a 5-star Condo Hotel with an area of 25.000 m2 by the sea that consists of 90 suites. 12 bungalows. 6 duplexes. 6 single rooms and 2 presidential suites. All have sea views and will accommodate for 4 or 6 guest.

The suites. bungalows and duplexes will be sold to private real state investors who will enjoy 4 weeks per year of personal use and the remaining 48 weeks their unit will be in the rental pool for the hotel at a 50% revenue share for the owners of the net room rate established by Vista Pacífico Resort.

This model has become one of the most popular forms of real estate investment in throughout the world to generate a financial return on the investment.

According to the company. a condo hotel signifies that people may enjoy all the amenities of the hotel and at the same time. be a participant of the profits generated by the revenue of the hotel rooms since you can be the owner of one or more of the suites that are sold to private investors. 

This property is operated by Premier. the luxury line of Best Western Hotels. the largest hotel chain in the world. who are responsible for safeguarding their interests by ensuring standards of 5-star quality to the guests and. therefore. generating a good return on their investment.

 

Source: Andina

 
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