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Spanish hotel chains interested in investing in Peru

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LivinginPeru.com

peru
Hotel Melia in Lima.

The Spanish hotel chains Bahia Principe Clubs & Resorts, Sol Melia, RIU Hotels and Oasis Hotels & Resorts are interested in investing in the hotel market in Peru if the Peruvian government gives incentives as those offered by other Latin American countries, said Camara de Turismo Nacional del Peru (Canatur).

"It’s unfortunate that we are not taking advantage of direct contact to attract new investment to the country in the tourism sector," said Carlos Canales, president of Canatur.

Canales added that there is not an appropriate legislation to provide incentives to enable investments in hotels as they do in Ecuador, Colombia and the Dominican Republic, among other countries in the region.

He explained that, for example, hotel chains in Mexico have been given certain areas for hotel development through tourist resorts. "These facilities made an easier catch for Spanish hotel companies since more and more of them want to generate medium-term first-class infrastructure in those places," he told Andina news agency.

He said that to attract these new investments Peru will have to follow other major hotel destinations in Latin America, where there is a legal framework for the allocation of land at no cost, pre-tax return, among other things. "These chains invest between 100 million and 250 million dollars per project, " he said.

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