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PeruOVERVIEW On May 18, 2007 Thunderbird Resorts won its bid to acquire the Hoteles Las Americas chain of hotels in Lima, Peru. Hoteles Las Americas is one of the largest chains in Lima with its 6 hotel properties representing an aggregate of 650 rooms.
Peru is the 4th most populous (28 million) country in South America and is currently experiencing one of the healthier growing economies in South America. As of 2005, approximately 73% of the total population live in urban areas, compared to just 28% in rural ones. Peru shares borders with Ecuador, Colombia, Brazil, Bolivia and Chile. Peru has a GDP of $76.09 billion and a per capita GDP of $6,400. This is compared to Panama, Thunderbird's flagship market, which has a population of 3.1 million, a GDP of $25.29 billion and a per capita GDP of $7,900, and produces revenues of $40 million dollars per year. In 2006, Peru’s GDP grew 7.7% and in 2007 it is expected to grow 7% to 8%. Thunderbird de Peru, S.A. plans to remodel and upgrade all 6 of the hotels with significant improvements in its facilities estimated at approximately USD$10 million. We are also committed to upgrade the technological systems of all the hotels, including telephone, internet, cable TV, security and other information technology systems. Thunderbird is currently evaluating the viability of placing casino operations in 4 of the 6 hotels. Our locations offer the facilities and parking necessary to develop the premiere entertainment and Casino property in the city of Lima. Visit Peru Site
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