Panama’s LRI Group to Invest into Five New Hotels in Peru
Panama’s LRI Group.plans to enter the Peruvian market, announcing it plans to invest in five projects to develop hotels nationwide. During a press conference last week, CEO Manuel La Rosa said, “the plan for this and next year is to construct one hotel in the north of Peru and another in Lima”. He elaborated that both hotels would be four-star hotels, would use either Sharwood or Hilton brand.
La Rosa added that he believes the first two hotels will be open for guests by mid-2019, and said that after this the company will aim to fund the development of three more hotels in the south of the country. Specific locations of the five hotels were not given.
The LRI Group currently has presence in Chile, Panama, the United States, Uruguay, and Central America.