Argenway Launches Condohotel Model at New DoubleTree by Hilton in Cusco
Argenway, in partnership with Cusco Development SAC, is introducing a 'condohotel' model at the upcoming DoubleTree by Hilton in Cusco, Peru. This innovative approach allows individuals to purchase individual hotel rooms, functioning similarly to condominiums. Argenway has prior experience with this business model, having successfully implemented it in Argentina. The venture aims to attract investors with a projected annual profitability ranging from 7% to 9%. Potential investors can participate with minimum contributions of US$30,000, utilizing either personal capital or bank financing. Lisandro Cristiá, CEO of Argenway, along with Enrique Espinoza Becerra and Carlos Lozada Mendívil, directors of Cusco Development SAC, provided details on this strategic initiative.
This condohotel model represents a convergence of hospitality and real estate investment, offering fractional ownership within a branded hotel. The strategy leverages the established DoubleTree by Hilton brand to attract capital, aiming for a specific yield for investors. From a systemic perspective, this model distributes the financial risk and reward of hotel development and operation across a broader base of individual investors, potentially accelerating development cycles. Future considerations include the long-term performance of such units in secondary markets and the governance structures required to manage shared amenities and operational standards effectively, especially as the hospitality sector adapts to evolving travel patterns and technological integration.
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