Investment

TOTAL: 10 MM USD


Management Model

Concession of the property within the City of Knowledge – Yachay.

Benefits for the investor

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

  • Stability on tax incentives 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
  • Established conflict resolution mechanisms through international arbitration


Tourists

  • Domestic tourists: 17,864
  • International tourists: 7,444
  • Hotel occupancy: 27.44%
  • Average rate: 101.44 USD
  • Revpar: 27.80 USD


Property Information

Land area: 89,575.15 m2


Project Details

Spectacular luxury hotel located in the heart of the City of Knowledge, surrounded by nature and a perfect base point from where visitors may explore, engage in cycling, hiking, horseback riding and more. Very warm days and star-filled night sky.


Technical description of the Project

YACHAY, City of Knowledge developed in the country

The facilities have:

  • Luxury rooms
  • Recreational areas within an academic environment of technology and innovation
  • Library
  • Small museum
  • Pool for relaxation


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
  • Organic Law of Incentives for Public-Private Associations and Foreign Incentives


Location

  • Province: Imbabura
  • Canton: Urcuquí, City of Knowledge Yachay