Viceroy Cartagena Obra Pía

CARTAGENA, COLOMBIA
• CARTAGENA’S colonial walled city is a
UNESCO World Heritage site
• Premier “jet-set” destination globally
• One of the top 5 conference destinations
in Latin America
• Over 1,500,000 tourists in 2016 (growing at
10%+ annually); City population of approx.
1,200,000
• International airlift from Houston, Miami,
New York (JFK & LGA), Madrid, Frankfurt,
Fort Lauderdale, Panama City, Atlanta,
etc. to Cartagena’s int’l airport expected to
triple by 2020
• International visitors to Cartagena have
quadrupled in the last 5 years; projected to
grow at a double-digit percentage pace for
next decade
• High-end hospitality in the walled city
area of Cartagena (site of the Viceroy
project) is chronically under-supplied;
under 1,000 total rooms at 4 stars and
above
• GETSEMANÍ: Convento Obra Pía is located
in the heart of the hippest neighborhood
with the most favorable entertainment
and dining zoning within the colonial city
• COLOMBIA has experienced a sustained
“peace dividend” economic boom for 15+
years
• Final Peace Agreement (ending the
country’s civil war) signed in 2016
• 5%+ compounded GDP growth since 1994
• 3rd largest economy in Latin America—
after Brazil and Mexico
• U.S.-Colombia Free Trade Agreement:
2012
• EU-Colombia Free Trade Agreement:
2014
• Colombia has a 30-year corporate income
tax exemption for new hotel developments
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