Hotel Development Peru

Holiday Inn Express Announces Two New-Build Properties in Peru

Holiday Inn Express

InterContinental Hotels Group (IHG) yesterday announced the latest additions to the growing Holiday Inn Expressportfolio with the signing of two new-build properties in Peru: one in Lima, the country's capital city, and a second in Piura, a strategic business center in the northern part of the country.

Both properties are expected to open in 2019 and will be developed through a joint-venture between Grupo Centenario and Grupo Agrisal. Grupo Centenario is an 85 year-old publicly-traded Peruvian real estate company, and Grupo Agrisal is one of Central America's most respected enterprises as well as a key IHG development partner with seven hotels open in the region.

Jorge Apaez, Chief Operating Officer, Mexico, Latin America and Caribbean, IHG® said: "IHG is extremely pleased to further expand our brands in Peru, a country which has excellent growth opportunities. We are also proud that when Grupo Centenario decided to diversify into the hospitality sector, it chose IHG as its partner. This also represents an expansion of our relationship with Grupo Agrisal, a testament to our long-standing partnership and commitment to our brands' success in the region."

The 164-room Holiday Inn Express Lima San Isidro hotel will be located within the municipality of San Isidro, known as the financial center of Lima. It is home to the country's largest and most important banks and insurance companies, as well as national and international corporations. The property is conveniently located near major thoroughfares and less than 30 minutes from the Lima International Airport.

The 120-room Holiday Inn Express Piura hotel will be built within the Plaza de la Luna complex, a major shopping center in Piura, the largest city in northern Peru. The city is located just 40 minutes from Talara, one of the country's most important ports, and is only a 90 minute flight from Lima.

Gonzalo Sarmiento, General Manager, Grupo Centenario said: "We are consistently evaluating opportunities to diversify our holdings. We have concluded that the hospitality sector provides excellent opportunities to support Peru's ongoing need for internationally-flagged hotels, and we are proud of our relationship with both Grupo Agrisal and IHG."

Eduardo Quiñonez, Director, Agrisal Hoteles, said: "Having the opportunity to partner with Grupo Centenario is an important strategic decision for both organizations as we each look to diversify our interests. We have a very strong track record with IHG and are extremely confident in the future success of both hotels."

Grupo Centenario's holdings include planned communities, multi-family housing and urban developments, among others. Grupo Agrisal's primary business focus is to develop and operate hotels and commercial real estate projects in Latin America.

Agrisal Hoteles, the hotel management arm of Grupo Agrisal, currently manages the Crowne Plaza® San Salvador and Holiday Inn® San Salvadorhotels in El Salvador, the Holiday Inn San Jose Escazu and Holiday Inn Express San Jose Forum hotels in Costa Rica, the Holiday Inn Express Panama Distrito Financiero hotel in Panama, the Holiday Inn Express Managua hotel in Nicaragua, and the Holiday Inn Express Tegucigalpa hotel in Honduras. 

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