Hotel developments can take various forms, depending on the target market, location, investment strategy, and intended use.
Full-service hotels, such as can be found within luxury resort areas, offer a wide range of amenities, including restaurants, room service, conference facilities, gyms, and are focussed on business travelers, tourists, and conference attendees.
Limited-service hotels typically don’t offer on-site restaurants or extensive leisure facilities, and are aimed a the budget-conscious traveler, or those looking for a more simple and cost-effective stay.
Boutique hotels will usually have a unique design or purpose, often associated with the location, character, and even the owner who may be a famous personality.
Luxury hotels are high-end accommodation as inferrred by the title to offer exceptional services, and all the luxury amenities one would expect such as fine dining, spas, private pools, and concierge services.
Affluent tourists, business executives, and travelers seeking premium services and exclusivity would more than likely be foyund using a hotel that comes under the luxury category, hotels such as Five-star hotels, and brands like Ritz-Carlton and Four Seasons.
Resort hotels are located in leisure destinations (beaches, mountains, or resorts), and these hotels provide recreational amenities like golf courses, pools, spas, and activities.
Extended-Stay hotels, such as Residence Inn by Marriott, offer accommodations designed for longer stays, featuring larger rooms with kitchenettes or full kitchens, and are aimed at people who are relocating, or guests needing temporary housing.
Select-Service Hotels, such as Courtyard by Marriott and Hampton Inn, are similar to limited-service but may offer some extra amenities like a small breakfast bar or convenience shop.
Mixed-use developments are integrated into larger complexes that include other types of real estate such as offices, retail spaces, and even residential areas. These offer an all-in-one urban experience, often encompassing the skyscrapers or properties combined with shopping malls or residential buildings.
Convention center hotels, that are located next to or within convention centers and are designed to accommodate large groups for events, conferences, and conventions, and cater to conferences, corporate sessions, and exhibitors.
Each type of hotel development caters to a wide range of market needs, from budget stays to high-end luxury experiences.
Why Buy or Invest in New Real Estate Developments in Colombia.
Colombia has shown consistent economic growth over the past few years, despite challenges. The country is considered one of the top emerging markets in Latin America. With a growing middle class and increasing consumer demand, there's a steady demand for housing, commercial spaces, and real estate developments.
Colombia has become an increasingly popular tourist destination, and this trend has contributed to a demand for both residential and hospitality real estate. Cities like Cartagena, Medellín, and Bogotá are seeing significant growth in tourism, which creates demand for hotels, vacation homes, and rental properties.
Colombia is investing heavily in improving its infrastructure, including roads, airports, and public transportation. This expansion increases the accessibility of both urban and rural areas, boosting the value of real estate in previously underserved regions.
Real estate in Colombia offers strong potential for returns due to economic growth, urbanization, government incentives, and affordability compared to other international markets. Whether you're seeking to invest in residential, commercial, or hospitality real estate, Colombia presents several avenues for long-term growth and profit.
