In Uruguay and luxury, the hotel company Cipriani SA reportedly asked local authorities for more time to complete the planned development of Cipriani Ocean Resort, Club Residences and Casino.
According to the SBCAmericas report, the request from the company's CEO, Giuseppe Cipriani, came after Department Maldonado officials expressed concerns about the slow pace of progress on the $ 450 million program for the seaside resort of Punta del Este. The source states that the project aims to transform the historic San Rafael Hotel in this community into a five-star resort of 70 - a hotel room designed by New York architect Rafael Vinoly and 75 private apartments and a large casino.
Consequences of the coronavirus:
Cipriani SA reportedly asked local authorities to " patience "At the end of his work Cipriani Ocean Resort, Club Residences and Casino after it was announced that the ongoing coronavirus pandemic has made it difficult capital mobilization ”Related to the upcoming project. In a letter to Soledada Laguarda , the director general of the Maldonado Municipal Planning Department, a Luxembourg developer allegedly also announced that these difficulties mean that he cannot definitively determine " what will be the final cost of the investment or when the work will start. "
Office of the Federal Minister of Tourism German Cardoso and the Minister of Economy and Finance Azucena Arbeleche
reportedly approved a plan to move the three-tower development to Punta del Este in December with Cipriani SA, hoping to later add a convention center, gym, theater, spa, hairdresser, restaurant, further residences and two underground garages. However, construction delays allegedly now mean the developer it will almost certainly miss the early end of the 2021 opening date .
An ambitious goal:
Founded in 1930s, Cipriani SA is already in charge of lots of luxury real estate in the United States, Hong Kong, Spain, Mexico, Monaco and Saudi Arabia. The company reportedly still hopes that its development Cipriani Ocean Resort, Club Residences and Casino will be able to join the three gambling-friendly locations in the area at Nogaro Casino Enjoy Punta del Este and Conrad Casino i help develop tourism to the community located in the southernmost point of Uruguay.
Built late - 1940s as Punta del Este began its journey towards becoming one of South America's top tourist destinations, hotel San Rafael has reportedly closed since 2011 and was purchased by Cipriani SA in February 2018 as part of a transaction worth approx $ 70 million . Local councilors have now allegedly responded to the appeal by asking the developer to " certainties "Regarding the implementation of the transformation of the object including" a written note with missing data for the analysis of the latest project presented by a group of investors ”.