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?
|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)
100 Chopin Plaza
Miami, FL 33131
Ballroom/Level: Biscayne Ballroom, 2nd Level
Parking Information: Discounted Valet $18.00
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, firstname.lastname@example.org.
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.