As reported by the Jones Lang LaSalle hotel investment report, Bogotá, Buenos Aires, Lima and Santiago emerge as key strategic markets for Latin America in 2011. This report reveals four of the most favorable destinations for hotel investment in South America.
Bogota, Colombia surpassed Brazil, as it provides strong demand fundamentals and a favorable investment environment which is resulting in real estate opportunities. Bogotá, is experiencing growing demand for hotels and it finds itself on a solid path of recovery.
Unlike São Paulo and Santiago, Bogotá did not experience a significant amount of hotel construction during the past 15 years due to the country’s previous political instability. In addition, the stock of institutional-grade, four- and five-star hotels is expected to grow by 37 percent between now and 2012, which creates a myriad of investment opportunities, including potential conversions and management contracts.
Domestic and international hotel investors should keep Bogotá on their radar as the cities’ economic and demographic trends continue to strengthen, resulting in a number of exciting hotel investment prospects.
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