Government will promote more than US$ 111 million in hotel investment, said Minister Sánchez

Government will promote more than US$ 111 million in hotel investment, said Minister Sánchez

The Minister of Foreign Trade and Tourism, reported that the Peruvian government has identified that there are around US$ 111’25.595 million in hotel investments in the regions, thanks to the Special Regime for Early Recovery of IGV (Rera IGV).

In addition, he indicated that these are works carried out, in execution and in projects that are close to being viable.

These are located in the regions of Piura, San Martín, Cusco, Arequipa and Ica, and show that the measures promoted by the Executive encourage investment in the tourism sector, generating well-being and creating jobs, in conditions of equality and well-being for all Peruvians.

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As recalled, the Rera IGV is a tool that promotes private investment in various sectors, through the return of the General Sales Tax (IGV).

In the tourism sector, it is applied to projects aimed at the construction of hotel infrastructure and other investment projects of a tourist nature.

Minister Sánchez commented that the Rera IGV facilitates the increase in Peru’s tourism infrastructure, promotes and encourages private investment, fosters economic reactivation and generates the income of foreign currency to the country, with the increase in investment of national and foreign capital.

“With the recovery of 18% of the investment, concerning the IGV, the businessman is provided with greater liquidity to execute the construction of his project. In addition, it stimulates local and regional socioeconomic development, generating direct and indirect jobs”he added.

hotel investments

The projects that are underway are the following: in Piura, the Hotel MSPiura has an investment of US$ 9.6 million and has a completion date of December 2023.

In San Martín, the Hampton By Hilton Tarapoto has an investment of US$ 5.5 million, with a delivery date of October 2023. In Cusco, the Hampton bu Hilton Cusco Hotel, with an investment of US$ 6.7 million, has a delivery date of completion June 2024.

Likewise, the Hotel Saphi project is also pending in Cusco with an investment of US$ 13.7 million, which has a delivery date of July 2024.

While in the fostering process, the Hotel RPG is in Piura with an investment of US$ 5.9 million with a delivery date of July 2023.

In addition, in Cusco, there is the Huchuy Qosqo – Calca Cable Car infrastructure project with an investment of US$ 26.1 million with a completion date of December 2024.

On the other hand, in relation to the infrastructure projects that are completed and in operation, we can mention, in Arequipa, the Hotel Hampton by Hilton Arequipa with an investment of US$ 5.1 million (in operation since June 2022).

In Piura, the Holiday Inn Express Piura Hotel with an investment of US$ 12.9 million (in operation since June 2016). In Cusco, the Hotel Salabella Silvayoc with an investment of US$ 18.9 million (in operation since August 2015).

Finally, in Ica, the Hotel Resort Aranwa Paracas with an investment of US$7.1 million (in operation since June 2014).

Rera IGV

It should be remembered that a few days ago the Executive Power presented a bill to the National Parliament so that the Rera IGV is valid until December 31 of next year and that it includes investment projects of no less than US$ 2 million.

This extension may be accessed by natural or legal persons who carry out an investment project, in any sector of economic activity, that generates third-category income.


The rise in prices of the products of the basic family basket has led the Executive Branch to announce an economic subsidy.

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