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Caribbean Hospitality & Tourism Summit

Development, Investment and Opportunity

Event Ended On: Thursday August 1 2019

Registration Questions? **Please note we have pricing tiers based on ticket availability. Ticket prices will increase once we sell out of the current pricing tier. We cannot redeem a lower price once the ticket prices have been raised. **Bisnow is a cashless, checkless operation. Please only submit payment via credit card.

Presented By

Speakers

Spotlight on Puerto Rico

Patricia George-Iguina
Dorado Beach Resort, Coco Beach Resort, Hyatt House San Juan

Patricia George-Iguina

Partner & Vice Chair, Real Estate, McConnell Valdés
Brad Dean

Brad Dean

CEO, Discover Puerto Rico
Francisco Luis

Francisco Luis

Partner, Kevane Grant Thornton

Hotel & Resort Development

Frank Comito

Frank Comito

CEO and Director General, Caribbean Hotel and Tourism Association
Juan Corvinos Solans
British Colonial Hilton Nassau, Hilton Aruba Caribbean Resort & Casino

Juan Corvinos Solans

VP, Development, Hilton
Fernando Fernandez
Zoetry Wellness & Spa Resorts, Secrets Resorts & Spa

Fernando Fernandez

VP, Development-Caribbean, Apple Leisure Group
Ing. Emilio Colón Zavala
Discovery Bay Resort & Marina

Ing. Emilio Colón Zavala

President, Puerto Rico Builders Association/ ECZ Group
William Pitts
Moderator

William Pitts

CEO, WG Pitts

Financing and Investing in the Caribbean

Cole Shephard

Cole Shephard

CFO, Lifeafar
Rogerio Basso

Rogerio Basso

Head of Tourism, Inter-American Development Bank
Jake Epstein
Indigo Bay

Jake Epstein

, Ellington Management Group

Agenda

Time Activity
8:00 AM
9:00 AM
Coffee, Breakfast & Networking
9:00 AM
9:45 AM
Spotlight on Puerto Rico
9:45 AM
10:30 AM
Financing and Investing in the Caribbean
10:30 AM
11:15 AM
Hotel & Resort Development
11:15 AM
11:45 AM
More Networking & Deal Making
12:00 PM
1:00 PM
Post-Event Aperitifs: Presented by the Puerto Rico Builders Association. All Bisnow attendees are welcome and invited. (Note: this is not a Bisnow production)
1:00 PM
4:00 PM
Caribbean Project Showcase: Presented by the Puerto Rico Builders Association. All Bisnow attendees are welcome and invited. (Note: this is not a Bisnow production)

Venue/Parking

Intercontinental Miami
100 Chopin Plaza
Miami, FL 33131

Ballroom/Level: Biscayne Ballroom, 2nd Level

Parking Information: Discounted Valet $18.00

Get Directions

Event Summary

Join us for Bisnow's third annual Caribbean Hospitality &

Investment Summit in Miami where we will be taking a look at

several islands in the

region poised for growth in 2019 and beyond. We will also provide comprehensive coverage of Puerto Rico's unique tax incentive laws for both individuals and businesses and other investment opportunities.

Like South Florida, Caribbean economies have been driven by tourism, which is a staple investment in the region, driven by strong occupancy rates and increasing ADRs. Following several natural disasters in recent years, hotels across the Caribbean island have come back online after renewed capital investments, paired with economic incentives and strategic efforts from the governments of Puerto Rico and the U.S., this region is primed for a hotel market comeback. While many point to the physical damage

to buildings and infrastructure, traveler perception from a tourism perspective may be the bigger issue.

“Spurring tourism development is a priority of the Government of Puerto Rico. The Island’s “Open for Business” policy, strategic geographic position, air and maritime access, modern infrastructure, and highly skilled bilingual workforce coupled with unprecedented incentives packages make it a fertile environment for hospitality industry investors. The combination of these characteristics and unique advantages make Puerto Rico the ideal destination to invest in right now”, states Carla Campos, executive director of the Puerto Rico Tourism Company.

Find out who is building what and where, as well as how individuals can get hands-on involvement and access to these deals. Additionally, find out about various incentives that are available to developers in Puerto Rico like 40% back on capital investments. Tourism and hospitality investors receive a 90% exemption rate on property taxes, and 100% exemption on municipal construction and sales taxes.

The Tax Cuts and Jobs Act that President Trump signed into law in 2017 states that the whole island of Puerto Rico is an Opportunity Zone. How will this spur investment in the CRE market? We will gather industry leaders and key stakeholders in the hospitality and tourism industries to discuss

real estate development, future of tourism and local economies in the Caribbean. Government officials who deal with tourism will weigh on the region's long-term outlook.

For questions, recommendations, comments, or press inquiries please email Katya, our Southeast event producer,

katya.demina@bisnow.com.



Following this event, the Puerto Rico Builders Association will be hosting the first Caribbean Project Showcase that will highlight specific projects seeking investment and JV partnerships. It will be a great opportunity to showcase

a project in front of a select group of investors, bankers, and other key stakeholders. Space is limited, so please register at link below.

https://www.eventbrite.com/e/caribbean-hospitality-investment-summit-project-showcase-tickets-64177720289

1) Following a devastating year of storms, the Caribbean is now awash in new and reopened incentive-level properties. What projects are coming back online and what new developments are being planned?

2) What are some creative tax incentives and loopholes that Puerto Rico has implemented to spur both business and real estate investment? What are some ways investors can be 100% tax exempt? 

3) What were the biggest lessons hoteliers and tourism officials took away from the hurricane season of 2017? How did they communicate to travelers that hotels were up and running again?

4) What barriers to entry are there to investing in the Caribbean? What pitfalls should investors and sponsors be aware of?  

5) How did recent damage caused by storms like Maria uncover risks that threaten investment and how will it evolve the future design of hospitality, retail and housing assets in the Caribbean? 

6) The whole island of Puerto Rico is an opportunity zone. What impact will that have on the CRE market and what projects are developers building?