With Cali’s tourism increasing more than 50% from 2013 to 2016 and steady corporate business from the city’s role as the main financial center for the country’s largest port, there is a growing need for high-quality yet affordable accommodations. Our new Cali River Suites project is poised to meet this demand.
With average nightly rates for four star accommodation around 200,000 Colombian Pesos per night ($65 USD), Cali River Suites offers a higher quality and more affordable product than comparable hotel options in the marketplace.
Located adjacent to the upscale neighborhoods El Peñon and Granada, near the newly transformed Cali River Boulevard, and just a few blocks from major hotel chains Dann Carlton and the Intercontinental, Cali River Suites is surrounded by an array of nightlife and fine dining zones that showcase the rapid urban renewal Cali is experiencing.
Revered as the salsa capital of the world, Cali is home to bumping night clubs, as well as world-class eateries, trendy cafes, and sleek shopping malls. The walkable city is shaded by trees in many areas and abounds with green parks and riverside trails.
The future looks bright for Colombia’s tenacious salsa capital. With a burgeoning food and drink scene, colorful culture, and substantial investments from the government into the city’s tourism infrastructure, Cali is poised to become a top international destination.
As tourism rates soar, so do real estate prices. Offering a conservative estimate, we predict that Cali property values will continue to rise five to eight percent per year over the next decade.
The burgeoning southwest city represents unparalleled opportunity for those considering investing in the local real estate market.