Condo Hotel Investment Opportunity
Galileo Boutique Hotel (“Galileo”) located at the base of Cerro Catedral, the largest ski resort in South America is being converted into a “Condo Hotel”. Galileo is in Cerro Catedral, Bariloche located in the Patagonian Province of Rio Negro, Argentina. As a result of the conversion, the Hotel is offering a limited number of units of various sizes and configurations for sale to qualified buyers. Owners may use the units on a temporary or permanent basis
Last November in Austria at the second edition of the World Ski Awards, Cerro Catedral was recognized as the best ski resort in Argentina. Located just 20 kilometers from the town center of Bariloche, Cerro Catedral is the largest ski resort in the southern hemisphere (120 km/75 miles of slopes across a 600-hectare surface) with a huge infrastructure for practicing winter sports. It’s open all year round and has 40 lifts (including chairlifts and cable cars) that transport up to 35,000 people an hour. Once you reach the top, you can enjoy the amazing centers located on the mountain’s stunning slopes, with outstanding views of Nahuel Huapi and Gutiérrez lakes, the Andes, Mount Tronador and all other nearby mountains. There’s a wide range of culinary options to choose from and several shops. In winter, you’ll find everything you need to ski and snowboard, from rental equipment to schools that teach all levels. During the summer months there are lots of adventure activities available for the entire family. From climbing to hiking, mountain biking, rappelling and much more. Enjoy breathtaking scenery, the finest cuisine and an area where cars and motorbikes are forbidden. Visit the Bike Park where inexperienced and expert riders alike can descend eight different trails marked on the southern side and center of the mountain.
Cerro Catedral is the largest ski resort in the southern hemisphere
Declared Argentine Capital of Adventure Tourism and Argentine Capital of Chocolate
The city is located within the Nahuel Huapi National Park, next to the Andes and 1,680 kilometers (1044 miles) from Buenos Aires. In 2012, it was declared Argentine Capital of Adventure Tourism and in 2015, the Argentine Capital of Chocolate. Enjoy Bariloche all year round. It’s where nature rewards every visitor with outstanding scenery. From snowy peaks and copper-colored lenga trees to entire valleys blanketed with Spring’s flowers and crystal clear waters. There are lots of activities for you to enjoy in Bariloche: trekking and tours, sailing, winter sports for all tastes, world class cuisine, adventure tourism, romantic getaways, family activities, peaceful breaks and a diverse culture.
|LOCATION||Boutique condo hotel, situated 300 meters from the ski lifts.|
|DISTANCE||15 minutes to several lakes and 25 minutes from the center of town which is full of restaurants and entertainment venues.|
|UNIQUE||Unique positioning as the “only boutique hotel” in Cerro Catedral.|
|SKI RESORT||Catedral Alta Patagonia largest ski resort in South America.|
|LUXURY||Luxurious units complete with wood burning fireplaces, hot tubs, heated stone floors and a full collection of domestic electronics and kitchen appliances.|
|SUMMER ACTIVITIES||Beyond skiing in the winter a vast array of summer activities such as rafting, kayacking golf, fishing, mountain biking, canopy and rock climbing.|
|FINANCING||Financing for qualified buyers.|
|GENERATE INCOME||Ability to generate income from the condo units when not being used by the owners by putting them into our central reservation system.|
|TRADE WEEKS||Ability to trade weeks in the condo units in exchange with a time sharing company that provides access to over 3000 venues worldwide.|
|DESIGN||5 designs to choose from (See Floor Plans).|
|FURNISHED||Completely furnished units.|
|SERVICE||Maid and Room Service.|
|OBSERVATORY||Free use of our astronomical observatory with an appointment.|
|CAPITAL APPRECIATION||Potential for future capital appreciation given the renewed interest in Argentina by international investors|
Check in/Check out
Organization of Skiing Activities
Access to Galileo’s central reservation system
Booking of massages and Spa treatments
Direct TV connections
Maintenance costs for common areas are divided equally based upon the number of square meters.
Basic utilities such as electricity and water are direct billed on a per unit basis.