The ex-hotel Rafael already has an opening date: when will the Cipriani project be operational?

During the meeting, the technicians presented the work plan on the property where the iconic San Rafael de Maldonado hotel was located, and They expect that both the hotel and the casino of the Cipriani Group complex will be completed by 2025which commands the Italian businessman Giuseppe Cipriani.

As reported by the Municipality of Maldonado, Work on the platforms for the three towers that are part of the property is also expected to begin in early 2025.

Antía, who spoke at a press conference when presenting the budget adaptation to the Departmental Board this Friday, said that the excavations have begun. The mayor of Maldonado also expressed that the important investment aims to continue attracting people from other parts of the world to this department.

The property where the complex will be built today.

Those who did not believe in the realization of the project “should bite their tongues,” said Antia.

Besides, the pre-sale of the apartments of the Cipriani Ocean Resort, Club Residences & Casino complex, in Punta del Este, opened at the end of March 2023. Priced between US$6,500 and US$7,850 per m2, the apartments will sell for between US$1,085,500 and US$10,456,200.

Prices per square meter were confirmed at The Observer by the real estate company Sotheby’s International Realty, chosen by businessman Giuseppe Cipriani to sell the units of the real estate project that will be built where the Hotel San Rafael used to be.

After several twists and turnsexcavation works on the property corresponding to the historic San Rafael hotel began in January 2023. The Cipriani Group acquired the hotel property for US$ 50 million in 2018, located at Parada 12 of Playa Brava and in 2019 demolished the traditional premises, a decision that earned several criticisms of the Maldonado City Hall and the management company.