Peruvian hotel chain Hoteles Jose Antonio will invest $8.0 mln (5.7 mln euro) in the construction of a four-star hotel, located in Miraflores district, Lima province, Peruvian daily Andina said on September 18, 2007.
This will be the third hotel the company will have in Miraflores. The initiative corresponds with the company's policy not to renovate old buildings but to start from the beginning.
The construction works will start in November or December, 2008, after the company opens its hotel in the Puno department, southern Peru. It is estimated to be finished in 2010, company's sales director, Cecilia Barrera, said.
The Puno hotel is located on the shore of the Titicaca lake. Its construction also required an $8.0 mln investment. The hotel is expected to be officially opened on March 12, 2008.
At present Hoteles Jose Antonio runs two hotels in Lima, and a 126-room hotel in Cusco, northeast from the Puno department. The three are all four-star hotels.
Publication: Business Digest
Provider: AII Data Processing Ltd.
Date: September 19, 2007
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