The government of Catamarca province has agreed to extend Hotel Tandil SA’s licence for a further 10 years until 2033.
As part of the agreement, Hotel Tandil will build two hotels in the interior of the province, in Fiambalá and Antofagasta de la Sierra, as part of a $5.3m investment, while the company will also pay a higher tax rate.
“We have been betting heavily on tourism and we’re already seeing the [positive] results of this strategy,” said the provincial governor, Lucía Corpacci, in a statement following the announcement.
“Today we have tourism all year round, moving away from the preconception that the tourist season in Catamarca is limited to July.
“This is thanks to the fact that we have been investing year after year and it is essential to maintain this [level of investment] so that this [progress] is not lost.”
Development of the 25-room hotel in Fiambalá will reportedly commence shortly, while the hotel in Antofagasta has been given a three-year development window. It is not clear if the latter will be built from scratch or will see the company take over an existing construction project.
Hotel Tandil also agreed that it would not further expand its gaming operations in the province, which currently consist of five gaming parlours in Capital and Valle Viejo Departments.