We previously published Part 1 of our Covid-19 Investor Update, focusing on our Pineapple Farm in Panama. In Part 2, we looked at multiple Agricultural investments in Colombia. Part 3 focused on a few of our Multifamily investments in the United States.
This is the final Part 4 update on a boutique hotel investment in Puerto Rico and our Coffee Farm in Colombia. So let’s jump straight in.
In Q2 2019, alongside many of our Alliance members, we invested in a boutique hotel opportunity in Plaza Colon. This Opportunity Zone syndication project consisted of taking a 40,188 square foot property and converting it into a high-end hospitality offering comprising 60 hotel rooms and 4 luxury 2&3 bedroom Hotel Residences. With the additional development of a 3,500 square foot commercial space on the ground floor that will feature a restaurant and retail space to capitalize on foot traffic from the cruise ships docking just...
A few days ago, we published Part 1 of our Covid-19 Investor Update, focusing on our Pineapple Farm in Panama. In Part 2 here, we are looking at multiple Agricultural investments in Colombia. Our Part 3 update will be a focus on our Multifamily investments in the US.
Let’s jump in and understand what happened to our investments in Colombia over the last month.
Our Teak Sawmill Investment in Monteria, Colombia
Colombia's Covid-19 shut-down started on Monday March 15th when the government blocked entry to the country for all foreigners and closed the schools, quickly followed the following week by a 19-day quarantine which finished on April 13th. On Monday March 23rd, the government also suspended international flights for 30 days, presumably after all citizens and residents had returned home. As part of Colombia’s nationwide restrictions, pet owners were authorized to take animals outside for 20 minutes and one person per family could leave to purchase...