The Ritz Hotel disembarks in Puerto Madero – 25.10.2018

The brand of luxury hotels Ritz Carlton belonging to the international chain Marriott, will land in Puerto Madero. It will be entrusted to the promoter Northbaires, who has just won the call for tenders for the last construction at height of wharf n ° 4 in Puerto Madero.

As part of an international consortium consisting of a developer and an investment fund In the United States, the local company will develop a mixed-use building for the hotel chain and high-end residences with an investment of about 300 million US dollars according to Marcos Juejati, partner and director of NorthBaires.

The company saw itself award the land as part of the public tender process opened by Old Puerto Madero Corporation of the Manzana 1Q Plot, located in the eastern sector of Puerto Madero. The project was designed by the BMA study and offers a mixed-use building with hotel, residences, offices, halls and gastronomic premises. The development will be the headquarters of the hotel chain, which will land for the first time in Argentina, according to a letter of intent signed between Northbaires and Marriott.

The Ritz Carlton brand is present only in Latin America, in Santiago de Chile, where there is a hotel but no residences. In the Puerto Madero project, the building will have a total of 39 floors and 4 parking levels. The residences will be part of a group that will have as centerpiece the hotel, with its services, its lounges, its commercial zones and its gastronomy. Residence owners can also use the hotel's amenities.

"We are convinced that it is a unique product in the country and that the project will be a new emblem for the porteños and for all those who visit the city." said Juejati regarding the timeframes for the works, the director said that the company would be in possession of the land in the next nine months and estimated that the work would be ready in 3 or 4 years.

Founded in 2008, NorthBaires is one of the largest private companies specializing in the high-end segment of Argentina, with 150,000 square meters under development in 2018 and a brand consolidated residence in the sector: OM buildings, present in the most selective neighborhoods of the city.