Foreign Funds Eye Chile Hotel Investment

Investors from the US, Russia and Hong Kong are eyeing the possibility of putting around $100m into Chile to help a European hotel chain open six 3 and 4-star hotels, says Marcos Kaplun, a partner at Kayco International Group. The local consulting firm is getting the hotel chain in touch with potential investors. Kaplun does not disclose the name of the chain, but tells LatinFinance that US real estate financier WP Carey & Co is one of the entities he is in talks with. He adds that construction of the new hotels should start this year.