Minor Hotels, global hotel owner and operator with more than 560 hotels and resorts in 58 countries located in Asia Pacific, the Middle East, Europe, the Americas, Africa, as well as the Indian Ocean, announces its upcoming debut in Paraguay with the development of a new NH Collection hotel in Asunción. This ambitious project will be part of a large-scale mixed-use real estate development, establishing itself as a new architectural icon and a benchmark for the city.
The project will be located on Avenida Santa Teresa, 400 metres from the intersection with Avenida Aviadores del Chaco, one of the most important and dynamic arteries of the Paraguayan capital. Integrated into a complex of more than 70 floors, which will become the tallest building in Asunción and the fourth tallest in South America, this development will include residences, offices, commercial spaces and parking; creating a world-class urban ecosystem that will bring value to the city and its inhabitants.
Slated to launch in 2029, the new-build property will have 80 guest rooms and will be operated under the NH Collection brand, within the upper-upscale segment, offering a premium hospitality experience with world-class design and service standards in line with the brand’s global expansion strategy. The hotel’s offering will be aimed at both business and leisure travellers, with a first-class infrastructure that will include a spa, pool, restaurant and bar, terrace, heliport and meeting rooms, establishing itself as a benchmark destination in the region.
The development of this hotel is carried out in partnership with Grupo Petra, a leading real estate firm in Paraguay, recognised for its excellence in construction and for developing innovative high-level projects. The total estimated investment for the hotel is between eight and 12 million dollars, and it is expected to generate 35 to 40 direct jobs, contributing to the economic and tourism development of the city.
We are confident that, together with Grupo Petra, we will make this hotel a benchmark in Asunción, a city with great dynamism and growth potential. The arrival of NH Collection represents a strategic commitment to grow our footprint in Paraguay with a distinctive product that elevates the hospitality offering in the country. This hotel will not only be an architectural icon but will also mark a turning point in the tourism experience in the cityGonzalo Aguilar, CEO of Minor Hotels Europe & Americas
Minor Hotels’ strategic entry into Paraguay is in response to an analysis of the market, where sustained growth in corporate and leisure tourism is observed, as well as an increase in demand for hotels in the upscale and premium categories. In addition, Asunción has consolidated itself as a key destination for events and conventions, which reinforces the opportunity for the arrival of a brand like NH Collection.
The NH Collection Asunción marks the first step of Minor Hotels in Paraguay, while the company continues to evaluate opportunities in secondary cities of the country. In turn, Minor Hotels maintains its growth strategy in Latin America, exploring key markets such as Chile, Argentina and Peru, as well as other consolidated destinations in the region.
With a focus on expansion through hotel management and franchise models, the company seeks to strengthen its presence in emerging markets with innovative and high-quality products.
We are excited to start this project together with Minor Hotels, a company that shares our passion for excellence and quality. With their support, we know that this will be the beginning of something extraordinaryCarlos Guasti, Director of Grupo Petra
The start of construction of this property is scheduled in the coming months, with the hotel's inauguration estimated for 2029.
- Chapters
- descriptions off, selected
- captions settings, opens captions settings dialog
- captions off, selected
This is a modal window.
Beginning of dialog window. Escape will cancel and close the window.
End of dialog window.
NH Collection Hotels & Resorts is an upper-upscale hotel brand with nearly 100 properties in Europe and the Americas, and a growing global footprint. Offering extraordinary hospitality experiences, NH Collection seamlessly combines comfort, innovation, intuitive service, an elegant atmosphere and surprising flavors, all integrated into the local identity. NH Collection is part of the global hotel group Minor Hotels and is a member of the Minor DISCOVERY loyalty program, part of GHA DISCOVERY.
Visit nh-collection.com for more information and connect with NH Collection on Facebook, Instagram, and YouTube.
About Minor Hotels
Minor Hotels is a global leader in the hospitality industry with over 560 hotels, resorts and branded residences across 58 countries. The group crafts innovative and insightful experiences through its eight hotel brands – Anantara, Avani, Elewana Collection, NH, NH Collection, nhow, Oaks and Tivoli – and a diverse portfolio of restaurants and bars, travel experiences and spa and wellness brands. With over four decades of expertise, Minor Hotels builds stronger brands, fosters lasting partnerships, and drives business success by always focusing on what matters most to our guests, team members and partners.
Minor Hotels is a proud member of the Global Hotel Alliance (GHA) and recognises its guests through one unified loyalty programme, Minor DISCOVERY, part of GHA DISCOVERY.
Discover our world at minorhotels.com and connect with Minor Hotels on Facebook, Instagram, LinkedIn, and YouTube.
Contact details
-
Download vCard
- Sonia Cobo Palacios
-
Corporate Communications & Public Affairs Manager – Corporate Communications, Public Affairs & PR
Minor Hotels Europe & Americas Regional Office - s.cobo@minor-hotels.com
Related topics
Related news
Minor Hotels' First NH Collection in Thailand Officially Opens Its Doors
Discover NH Collection Samui Peace Resort, Minor Hotels' first in Thailand, offering serene luxury and vibrant local culture on Bophut Beach.
Experience the Maldives’ Best Beach Resort at NH Collection Maldives Havodda Resort with Free Domestic Flights
NH Collection Maldives Havodda invites guests to feel the extraordinary of the Maldives by offering complimentary roundtrip domestic transfers for stays through December 2024.
Minor Hotels Announces First NH Collection Property in Thailand
Minor Hotels announces NH Collection's debut in Thailand with the rebranding of Peace Resort Samui to NH Collection Samui, offering upscale luxury from January 2025.
Connect to the Stories of Sri Lanka with Enriching Travel Experiences from Minor Hotels
Starting from the bustling capital of Colombo then off to Kalutara, Bentota and finishing in the beach haven of Tangalle, find the rhythm of local life and culture in Sri Lanka.
Minor Hotels' First NH Collection in Thailand Officially Opens Its Doors
Discover NH Collection Samui Peace Resort, Minor Hotels' first in Thailand, offering serene luxury and vibrant local culture on Bophut Beach.
Experience the Maldives’ Best Beach Resort at NH Collection Maldives Havodda Resort with Free Domestic Flights
NH Collection Maldives Havodda invites guests to feel the extraordinary of the Maldives by offering complimentary roundtrip domestic transfers for stays through December 2024.
Minor Hotels Announces First NH Collection Property in Thailand
Minor Hotels announces NH Collection's debut in Thailand with the rebranding of Peace Resort Samui to NH Collection Samui, offering upscale luxury from January 2025.
Connect to the Stories of Sri Lanka with Enriching Travel Experiences from Minor Hotels
Starting from the bustling capital of Colombo then off to Kalutara, Bentota and finishing in the beach haven of Tangalle, find the rhythm of local life and culture in Sri Lanka.
Minor Hotels' First NH Collection in Thailand Officially Opens Its Doors
Discover NH Collection Samui Peace Resort, Minor Hotels' first in Thailand, offering serene luxury and vibrant local culture on Bophut Beach.
Experience the Maldives’ Best Beach Resort at NH Collection Maldives Havodda Resort with Free Domestic Flights
NH Collection Maldives Havodda invites guests to feel the extraordinary of the Maldives by offering complimentary roundtrip domestic transfers for stays through December 2024.
Minor Hotels Announces First NH Collection Property in Thailand
Minor Hotels announces NH Collection's debut in Thailand with the rebranding of Peace Resort Samui to NH Collection Samui, offering upscale luxury from January 2025.