Overview
Colliers has been retained as the exclusive agent to arrange the equity partnership or full asset sale of Obra Pía Resort & Spa, a 188,368 SF luxury resort located in the UNESCO-protected Walled City of Cartagena de Indias, Colombia. Strategically positioned at Calle Media Luna in the heart of Getsemaní, the property sits one block from the incoming $170M Four Seasons Hoteland within the historic district that attracts over 1 million international visitors annually.
Investment Highlights
Obra Pía delivers luxury hotel economics at a fraction of market cost. While the adjacent Four Seasons invested $1.2M per key to establish Cartagena's new benchmark, Obra Pía achieves a 51% discount to the market-setter opening one block away. This cost advantage doesn't compromise quality or performance potential; instead, it's amplified by superior operational positioning: Obra Pía's Getsemaní location permits F&B operations four hours later than El Centro competitors, capturing high-margin late-night demand that the Four Seasons cannot.
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