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  HOME | Ecuador (Click here for more)

Ecuador, Spain Investing More Than $2.2 Million in Quito Housing Sector

QUITO Ė The Quito Mayorís Office and the regional government of the southern Spanish region of Andalusia have invested more than $2.2 million to rehabilitate what was the Hotel Colonial, in downtown Quito, to convert it into an apartment complex.

The Quito Mayorís Office said Sunday that the project to overhaul the hotel was carried out by the Metropolitan Heritage Institute and the Andalusia regional government with a total investment of $2.22 million, of which the city contributed $1.68 million and the Spanish regional authorities $540,000.

The old hotel closed its doors in 2006 and beggars and indigents occupied it until the Quito authorities acquired it and in May 2013 began to rehab the space, the Mayorís Office said in a statement.

The rehabilitation of the structure is being carried out as part of a program to support housing construction in the Ecuadorian capitalís Historic Center.

The complex has 27 apartments distributed in two blocks: Block A, with 11 apartments, is in the old adobe hotel building and Block B has 16 apartments in the hotelís brick and reinforced concrete section.

The apartments range from 33.89 sq. meters to 124.23 sq. meters (365 sq. feet to 1,337 sq. feet), according to the statement.

The residential building has hot water, fire prevention systems, a childrenís play area and other services and amenities.

 

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