Until its new hotel casinos start operating

Holiday Inn slows down its investments in Chile

(Chile).- After the opening of its new hotel in the Airport, which meant a total investment of us$ 10.1 million, Holiday Inn decided to slow down its investments until they know what happens with the hotels of its casinos.
2007-08-17
Reading time 28 seg

This situation is due to the fact that the competence in the segment will be hard. “Casinos arrive with very cheap promotions”, comments Eduardo Rosenberg, Sales Manager of the firm.

The firm is sure it will invest in Santiago. In 2008, the chain intends to open a second hotel in Las Condes, close to the one they already have in El Golf neibourhood. The idea is to create a synergy with the current hotel, sharing flows once it is full.

According to sources connected to the process, in Calama and San Francisco de Mostazal, they received two offers from casinos in order to operate their hotels, altough the company will wait for the releases and the results before taking any decision.

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