SOURCE: Quito Turismo

Tartan Group

October 22, 2014 13:59 ET

Over $87 Million in New Hotel Investment Announced for Quito, Ecuador

This Year's South American Hotel Investment Conference (SAHIC) in Quito Resulted in Over $87 Million in New Hotel Investment for Ecuador's Capital City

VICTORIA, BC--(Marketwired - October 22, 2014) - Paulo Pena, Senior Vice President and Managing Director of Wyndham Hotel Group for Latin America announced the signing of a franchise agreement for the Wyndham Quito Airport Grand Condor, the first Wyndham Hotels and Resorts property in Ecuador's capital city. The full-service, 146-room property, which is owned by Pronobis, is the only hotel on Quito's new international airport grounds. The property is part of an existing deal to develop and franchise eight hotels in the country under Wyndham Hotel Group brands over 10 years. 

Other hotels announced include:

The Accor "Ibis" : This project will be executed under the franchise model by Accor in alliance with Ecuaresort S.A. which will oversee the construction of ten hotels in the country. The first hotel will operate in Quito in 2016 and will be located in a central commercial area of the city. This hotel will have 133 rooms and its construction will generate more than 300 direct jobs and 600 indirect ones.

Holiday Inn Quito Airport: Planned to open in 2016, this hotel will be just 1.5 kms away from the Mariscal Sucre Airport. The hotel will have 130 rooms, pool, restaurant, gym and 557 m2 of meeting areas. This project will be executed under a franchise model between BPO S.A. and IHG. The new hotel will be designed in accordance with the re-launching of the Holiday Inn brand. 

Hilton San Patricio: Located between the airport and Cumbaya. Estimated to be finished between 2017 and 2018. It will directly employ 300 people.

Eurobuilding : Venezuelan 5 Star Hotel Chain, expanding in Latin America and soon will be in Quito. The hotel will be located in Tababela, close to the airport. 

It was also during the conference that the mayor of Quito, Mauricio Rodas proudly proclaimed his commitment to tourism, and highlighted the qualities of the city: first declared Cultural Heritage of Humanity (UNESCO), South America's Leading Destination 2013 and 2014 by the World Travel Awards, and a shortlisted candidate to become one of the New7 Wonders of the World cities.

Mayor Rodas also said that a key role for the Mayor of Quito is to promote tourism and to continue to develop the capital city ensuring it is a rich and dynamic gateway to the rest of Ecuador. To achieve this, foreign investment is essential. In addition to the five new hotels coming to Quito, Mayor Rodas also announced two exciting projects proposed by the city for tourism investment: The Conventions and Events Complex in Bicentennial Park (a rebirth of the the old airport) and a project to renovate heritage mansions (located in the Historic Center) into major hotels. 

Conventions and Events Complex: In 2013, 25 per cent of all visitors to Quito travelled for business tourism. To help build on this demand, the Metropolitan District of Quito has begun one of the largest urban development projects in recent years. Called the Bicentennial plan, a new urban centre for Quito will include a Convention Centre and tourism business community, created on the old airport lands, within the city. Currently 11.4 acres are available for a new Convention Centre, hotels and other related commercial businesses. The goal is to enter into a public-private partnership.

This is only the beginning for the revitalization of the old airport. Plans are underway to extend the transit lines and build two new stations onsite. Road extensions and improvements, expanded public facilities, schools, green space and leisure grounds.

Centro Historico -- Unique tourism development: Half of the cultural attractions of the District of Quito are concentrated in the Centro Historico, or Heritage Centre. Quito`s Centro Historico is one of the largest and the best preserved in South America. Ecuador`s Federal Government and the Mayor of Quito have committed to an ongoing Revitalization program for the Centro Historico. In the first phase, $83 million will be invested by 2017 and a total of $675 million is estimated to be invested in the project overall.

Quito Tourism would like to boost the tourism economy in the area by entering into public-private partnerships and expand visitor services: 

Casa Pérez Pallares :, Casa Pérez Pallares has a prime location next to Plaza Grande and Plaza de la Independencia. Casa Pérez Pallares early history includes being the Quito`s first hotel and the city would like it to become a first class hotel once again, with a minimum of 30 guest rooms and additional space for food and beverage. 

Casa Mejía: Casa Mejía is located a few meters from popular tourist sites including the Presidential Palace, la Compañía Church, the Cathedral and the Municipal Palace. Quito Turismo would like to create a three-star hostel with a minimum of 15 rooms and food and beverage areas. 

Casa Cadisán: Built in the sixteenth century and located in the heart of Quito`s Centro Historico, Tourism Quito would like to see it transformed into a first class restaurant and special event space. It has parking adjacent for easy access. 

About Tourism Quito: Tourism Quito was created with a mission to develop and promote tourism in the Metropolitan District of Quito for the benefit of local, national and international visitors, promoting best practices in quality, sustainability and innovation, and service. More information on traveling and investing in Quito may be found at www.quito.com.ec/inversiones/en/

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