International hotel and hospitality services company Thunderbird Resorts has announced that its Peruvian subsidiary, Thunderbird Hoteles Las Americas, closed the sale of its Thunderbird Hotel Pardo (Miraflores, Lima) on 24 February 2010, for a price of USD 8.40mn (EUR 6.21mn).
The firm has entered into a one year hotel management agreement with the new owner of the Thunderbird Hotel Pardo, in conjunction with the sale of the establishment. Proceeds from the sale, after taxes and closing costs, will be used to pay off secured debt relating to the hotel. Thunderbird Hoteles Las Americas continues to pursue the sale of the Thunderbird Hotel Principal, Thunderbird Hotel Bellavista and Thunderbird Resorts El Pueblo hotel properties, as previously announced in the final quarter of 2009.
Publication: Esmerk - News monitoring
Provider: Esmerk
March 1, 2010
2/25/10
Coazucar begins process of acquiring Agroindustrias San Jacinto
Coazucar, the sugar production holding of Peru's Grupo Gloria conglomerate, has begun a Public Offer of Acquisition (POA) for sugar mill Agroindustrias San Jacinto. The process will be concluded on 22 March 2010. Coazucar has agreed to pay PEN 4.94 (EUR 1.28 USD 1.73) for each of the shares it will acquire in San Jacinto, which will be up to 5.66mn. This will equate to a maximum value of PEN 28mn, which has been guaranteed by BBVA Banco Continental. Coazucar already has a 73.57% stake in San Jacinto.
Publication: Esmerk - News monitoring
Provider: Esmerk
February 25, 2010
Publication: Esmerk - News monitoring
Provider: Esmerk
February 25, 2010
2/22/10
Casa Andina to open Classic Chincha Sausal hotel on 5 April 2010
Peruvian hotel chain Casa Andina (Nexus Group) has announced that the opening date for its Casa Andina Classic Chincha Sausal hotel in Chincha (Ica) will be 5 April 2010. The hotel will boast 50 rooms, as well as wireless Internet access, a swimming pool, restaurant, events rooms and a bar. It will be the twelfth hotel in Casa Andina's 'Classic' chain. Casa Andina boasts 18 hotels in nine tourist destinations across Peru; Lima, Nazca, Arequipa, Canon del Colca, Puno, Isla Suasi, Cusco and Valle Sagrado.
Publication: Esmerk - News monitoring
Provider: Esmerk
February 22, 2010
Publication: Esmerk - News monitoring
Provider: Esmerk
February 22, 2010
2/3/10
Minera Antamina expansion to be carried out by four companies
Peruvian copper and zinc mining firm Minera Antamina has reported that the development of its Yanacancha mine in Peru will be carried out by four companies: Camesa, Cosapi, SSK and Tecnicas Metalicas Ingenieros. Antamina will invest USD 1.29bn (EUR 924.41mn) in order to increase its mineral processing capacity by 38% to 130,000 metric tonnes (TM) per year.
Publication: Esmerk - News monitoring
Provider: Esmerk
February 3, 2010
Publication: Esmerk - News monitoring
Provider: Esmerk
February 3, 2010
1/28/10
Cecovasa Coffee growers open new processing plant in Juliaca, Puno
Peruvian coffee farmers association Cecovasa has opened a new coffee processing plant in Juliaca, in the Peruvian region of Puno. The plant required an investment of PEN 3.50mn (EUR 864,692.34 USD 1.22mn) and has a production capacity of 200,000 quintals of coffee. It is designed to help coffee growers in the area improve their exportation capacity, reduce their costs and become more efficient and competitive.
Publication: Esmerk - News monitoring
Provider: Esmerk
January 28, 2010
Publication: Esmerk - News monitoring
Provider: Esmerk
January 28, 2010
1/18/10
Inversiones La Rioja to built Courtyard hotels in San Isidro and Trujillo
Publication: Esmerk - News monitoring
Provider: Esmerk
January 18, 2010
1/13/10
Luxury Properties plans to build second hotel in 2011
Italian hotel chain Luxury Properties has announced that it is planning to build its second hotel in Peru in 2011. It is likely that the hotel will be located in Lima. Luxury Properties has been operating Casa Cartagena Luxury Properties & Spa hotel in Cusco since 2008. The firm will invest USD 15mn (EUR 10.34mn) in three new hotels in Peru over the next five years.
Publication: Esmerk - News monitoring
Provider: Esmerk
January 13, 2010
Publication: Esmerk - News monitoring
Provider: Esmerk
January 13, 2010
1/11/10
Supermercados Peruanos to build 10 supermarkets in Peru this year
They also will open at another Real Plaza locations, in Lima and in provinces as well, livinginperu.com reported.
Supermercados Peruanos opened its first Plaza Vea in Chimbote (Ancash) last Friday, a supermarket that required an investment of informó que Plaza Vea Chimbote les ha demandado una inversión de US $ 7.2 million dollars and has generated 210 regular jobs.
Supermercados Peruanos is a company with 100% Peruvian capitals, and the only one in Latin America that has an international HACCP certification, which guarantess the safety of its fresh foods.
Publication: Andina - English Newswire
Provider: Andina
Date: January 11, 2010
1/7/10
Cajamarca to receive 250,000 tourists in 2010
Cajamarca will receive nearly 250,000 domestic and foreign tourists this year, 40,000 more visitors than in 2009, regional tourism director Julio Palacios Matute said Wednesday.
He pointed out that there are good conditions to attract that number of tourists thanks to improvements performed at Cajamarca-Ciudad de Dios highway, and the air access with 3 airlines: LC Busre, LAN Peru and Star Peru.
"Also, we organize constant promotion campaigns in tourist fairs of Lima and others cities of the country, organized by the Ministry of Foreign Trade, thanks to the support of Peru's Tourism and Export Promotion Board (PromPeru)."
He said that there are 3 seasons when they receive more tourists: the traditional festival of carnival to be held next February; Holly Week celebrations in April and the National Holiday in July.
He said that from October to December, this area is visited by thousands of students in the traditional promotion trip once they finish the primary education and high school.
Palacios added that 210,000 tourists arrived last year and that visitors usually arrive to places like Baños del Inca thermal baths, Porcon Farm, colonial churches, among others.
Publication: Andina - English Newswire
Provider: Andina
January 7, 2010
He pointed out that there are good conditions to attract that number of tourists thanks to improvements performed at Cajamarca-Ciudad de Dios highway, and the air access with 3 airlines: LC Busre, LAN Peru and Star Peru.
"Also, we organize constant promotion campaigns in tourist fairs of Lima and others cities of the country, organized by the Ministry of Foreign Trade, thanks to the support of Peru's Tourism and Export Promotion Board (PromPeru)."
He said that there are 3 seasons when they receive more tourists: the traditional festival of carnival to be held next February; Holly Week celebrations in April and the National Holiday in July.
He said that from October to December, this area is visited by thousands of students in the traditional promotion trip once they finish the primary education and high school.
Palacios added that 210,000 tourists arrived last year and that visitors usually arrive to places like Baños del Inca thermal baths, Porcon Farm, colonial churches, among others.
Publication: Andina - English Newswire
Provider: Andina
January 7, 2010
1/6/10
Antamina approves US$1.3bn expansion
The board of Peruvian copper-zinc producer Minera Antamina has approved a US$1.29bn expansion project, the mine's owners announced Tuesday.Anglo-Australian BHP Billiton (NYSE: BHP), Anglo-Swiss Xstrata (LSE: XTA) and Canada's Teck (TSX: TCK) separately reported the plan to go ahead with a 38% increase in the processing rate to 130,000t/d.
The multinationals own 33.75%, 33.75% and 22.5%, respectively of Antamina. The remaining 10% is held by Japan's Mitsubishi. Each of the four partners has approved its respective share of capital expenditure, said BHP Billiton.
Output will grow by some 30% and the mine life is set to be extended six years to 2029, thanks to a 77% expansion of ore reserves to 745Mt completed in 2008.
Minera Antamina will borrow money and use cash flow to complete the project, said Teck.
Construction is due to start during the first quarter of 2010, with first output slated for late 2011 and commissioning for late 2012.
Works include expanding the concentrator plant, building a new 55km transmission line, enhancing water management and tailings storage systems and acquiring new mining equipment.
Antamina produced 74,600t of copper in 3Q09, down 14.4% year-on-year due to lower grades and recoveries. Zinc output rose by the same percentage to 109,600t and molybdenum production was more than halved at 1.5Mlb (680t).
The mine is in Peru's Ancash region.
The multinationals own 33.75%, 33.75% and 22.5%, respectively of Antamina. The remaining 10% is held by Japan's Mitsubishi. Each of the four partners has approved its respective share of capital expenditure, said BHP Billiton.
Output will grow by some 30% and the mine life is set to be extended six years to 2029, thanks to a 77% expansion of ore reserves to 745Mt completed in 2008.
Minera Antamina will borrow money and use cash flow to complete the project, said Teck.
Construction is due to start during the first quarter of 2010, with first output slated for late 2011 and commissioning for late 2012.
Works include expanding the concentrator plant, building a new 55km transmission line, enhancing water management and tailings storage systems and acquiring new mining equipment.
Antamina produced 74,600t of copper in 3Q09, down 14.4% year-on-year due to lower grades and recoveries. Zinc output rose by the same percentage to 109,600t and molybdenum production was more than halved at 1.5Mlb (680t).
The mine is in Peru's Ancash region.
Publication: Business News Americas - English News
January 6, 2010 (21:43)
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