Investment

TOTAL: 6 MM USD


Management Model

Total sale of the property.

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

* Note: Benefits apply when the current infrastructure is remodeled or expanded.


Tourists

  • # domestic tourists: 177,105
  • # international tourists: 226,850
  • Average age of visitors: 35 years
  • Hotel occupancy: 33.81%
  • Average rate: 54.57 USD
  • Revpar: 18.50 USD


Property Information

  • Total: 6,500 m2
  • Construction: 4,960 m2


Project Details

Hotel Sangay Spa is located next to an impressive 80-meter waterfall, on the same street as the most famous thermal springs of the city of Baños, which have health stimulating properties.
Baños – Tungurahua Ecuador, a thermal springs destination o ers peace and quiet during weekdays, and many fun activities on weekends.


Technical description of the Project

The facilities have:

  • 66 ample rooms
  • SPA
  • Cafeteria
  • Restaurants with large windows from where visitors may observe the valley, its mountains, beautiful gardens with exotic native plants and flowers
  • Internet
  • Parking
  • Pool
  • Entertainment
  • Spa & well-being
  • Transportation to activities
  • Reception services
  • Business facilities


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: Tungurahua
  • Canton: Baños