Building from 1960s located in Centenario, Cali – just one block from the Centenario shopping center, the river boulevard and Platillos Voladores – the best rated restaurant in town. It’s walking distance to both Granada and El Peñon entertainment districts ensuring that guests will never be bored.
This project is currently undergoing a complete renovation, which is estimated to take 14 months after the COVID pandemic forced us to shut down the site for 2 months. We expect to be able to open for guests late in 4Q 2020.
All plumbing, electrical, fixed furniture, windows, roof, and HVAC is being replaced. A structural reinforcement was needed to accommodate for 1500 additional sqft on the 3rd floor. Finally, a hot water recirculating system, a water reserve tank, CCTV and WiFi system was added.
This project was approved with a hotel license giving the investors a favorable 9% corporate tax rate for 10 years.
Total investment $1.200.000 USD