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 Peru.
Peru has seen consistent economic growth over the last two decades. The country has become one of the most stable and fastest-growing economies in Latin America. With a diversified economy (mining, agriculture, tourism), this economic expansion creates demand for both residential and commercial real estate developments.
Urbanization in Peru is on the rise. Cities like Lima, Arequipa, and Trujillo have seen an influx of people from rural areas seeking better job opportunities and living standards. As more people move to urban areas, the demand for quality housing increases, particularly in well-planned modern developments.
Peru is a top destination for international tourism, with landmarks like Machu Picchu and the Amazon rainforest attracting millions of visitors annually. As tourism grows, so does the demand for short-term rentals, hotels, and vacation homes in gated communities, which can make real estate a lucrative investment in tourist-heavy areas.
Foreign investors can buy property in Peru with relatively few restrictions. The country offers attractive returns for investors looking to diversify their portfolio, particularly in the real estate sector. Additionally, real estate tends to be a tangible asset, which is often seen as a safer investment during uncertain economic times.
