Investment

TOTAL: 2 MM USD

Investor: 1.5 MM USD (74%)
Property: 0.5 MM USD (26%)

Financial Indicators

IRR: 15%

Recovery Time: 6 years


Management Model

Joint Venture type of association to build the Guaranda Inn hotel.

Benefits for the investor

Through the signing of an investment agreement with the Ecuadorian government, recorded as a public deed, reception of benefits are guaranteed.

  • Stability on incentives for up to 15 years, renewable once (maximum validity of 30 years)
  • The company may request total or partial reduction of duties for any capital goods imported
  • Exemption of foreign exchange taxes on financing operations
  • Establishes conflict resolution mechanisms


Tourists

  • # domestic tourists: 75,953
  • # international tourists: 3,605
  • Hotel occupancy: 33.17%
  • Average rate: 46.64 USD
  • Revpar: 15.50 USD


Property Information

Land: 3,996 m2 (Contribution of domestic investor).


Project Details

Privileged location of the construction site with a 360o view dominated by the snowcapped Chimborazo; this would give a new perspective to the center of the country for the province’s socio-economic growth.


Technical description of the Project

The facilities have:

  • 42 rooms
  • 1 meeting room


Accessibility and Utilities

  • Accessibility: the main access road is a primary street
  • Utilities: water, electricity, telephone, internet coverage


Regulatory Framework

Organic Code of Production, Trade and Investments.


Location

  • Province: Bolívar
  • Canton: Guaranda, Amigo del Hogar Street s/n and Río Guayas Street, Chávez Parish in the La Humberdina area