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OBRA PÍA | 1


“<br />

Imagine a city that could make Mr. García<br />

Márquez, the Nobel Prize-winning giant of<br />

magical realism, seem like a notary.<br />

”<br />

“Love and <strong>Cartagena</strong>”<br />

The New York Times<br />

April 29, 2010<br />

OBRA PÍA | 2


TABLE OF<br />

CONTENTS<br />

I.<br />

VICEROY CARTAGENA<br />

II.<br />

CARTAGENA COLOMBIA<br />

III.<br />

VICEROY HOTEL GROUP<br />

IV.<br />

THE DEVELOPMENT TEAM<br />

V.<br />

KIT CAPITAL TEAM<br />

VI.<br />

FINANCIALS


I. VICEROY<br />

CARTAGENA<br />

OBRA PÍA | 4<br />

3


“All the magic of <strong>Cartagena</strong> is within the walled city.” <br />

-­‐ Frank Orenstein, chairman of Hospitality Investors Group, developing a Hya= in the modern Bocagran<br />

If the Walled City is the best target for luxury development, why aren’t there more luxury offerings?<br />

80 STANDARD ROOMS, 22 SUITES<br />

• Limited inventory – small footprints, rising real estate costs. KIT Capital has pieced together o<br />

“All the undeveloped magic (8 of <strong>Cartagena</strong> SUITES footprints W/ is in within the JACUZZI Walled the walled City. & Five TERRACE)<br />

city.” properFes have been combined, in a process<br />

-­‐ Frank • Orenstein, Complex zoning. chairman KIT of Capital Hospitality properFes Investors were Group, selected developing to maximize a Hya= height in the modern allowances Bocagrande and bui<br />

• Historical restoraFon 425 + FT2 requiring AVERAGE specific experFse. ROOM KIT SIZE Capital partnered with the most experie<br />

If the Walled City is the best target for luxury development, why aren’t there more luxury offerings? <br />

The only • exisFng Limited comparable inventory – small properFes footprints, are: rising real estate costs. KIT Capital has pieced together one<br />

undeveloped footprints in the Walled City. Five properFes have been combined, in a process be<br />

Sofitel Santa • Complex Clara <br />

zoning. KIT Capital properFes were selected to maximize height allowances and builda<br />

• Historical restoraFon requiring specific experFse. KIT Capital partnered with the most experienc<br />

HISTORIC CENTER LARGE FORMAT<br />

HOTEL COMPARABLES<br />

The only exisFng comparable properFes are: <br />

Sofitel The Santa only Clara two existing, true competing properties are:<br />

105 standard rooms, 16 SOFITEL suites SANTA CLARA<br />

409 SF standard average, • 105 PresidenFal Standard Suite rooms, 1,227 SF 16 suites<br />

Room rates start at $370 • USD/night 364 ft2 room size average<br />

• 2016 ADR of approximately US$380<br />

Charleston Santa Teresa <br />

105 standard rooms, 16 suites <br />

409 SF standard average,<br />

CHARLESTON<br />

PresidenFal Suite<br />

SANTA<br />

1,227 SF<br />

TERESA<br />

<br />

Room rates start at $370 USD/night <br />

(Possible operator reaffiliation)<br />

Charleston Santa Teresa • 74 Standard rooms, 15 suites<br />

• 377 ft2 room size average<br />

• 2016 ADR of approximately US$360<br />

89 rooms <br />

377 SF standard average, Grand Suits 753 SF <br />

Room rates start at $285 US/night <br />

89 rooms <br />

377 SF standard average, Grand Suits 753 SF <br />

OBRA PÍA | 5


DESCRIPTION<br />

CONVENTO OBRA PÍA VICEROY CARTAGENA<br />

• Located on Calle Media Luna, the only street in the<br />

old city that allows for late-night food & beverage<br />

establishments<br />

• 1st world renowned rooftop day club in <strong>Cartagena</strong><br />

with unparalleled 360º view<br />

• 2,690 sq. ft. infinity pool & restaurant-bar on<br />

rooftop (450+ seats)<br />

• 6,996 sq. ft luxury fitness center & urban spa<br />

• 2,906 sq. ft swimming pool linked to gym<br />

• 4,520 sq. ft cross function event-space<br />

• Signature restaurant & nightclub<br />

• 3-meal restaurant (140+ seats)<br />

• 3 bar areas/lounges (200+ seats)<br />

• 2 charcuteries/cafés<br />

• 3 luxury meeting spaces<br />

OBRA PÍA | 6


BEFORE & AFTER<br />

• UNESCO World Heritage Site<br />

• Franciscan convent dating to 1641<br />

• Highest colonial-era edifice in <strong>Cartagena</strong>’s<br />

walled city<br />

• Original home of Santa Maria Bernarda<br />

(<strong>Cartagena</strong>’s patron saint and one of only two<br />

Colombian Catholic saints)<br />

• Through the centuries has also functioned as<br />

a barracks, orphanage, hospital and school<br />

OBRA PÍA | 7


TOTAL 102 URBAN KEYS<br />

80 STANDARD ROOMS + 22 SUITES<br />

62 KING 2 DOUBLE QUEEN TERRACE 6 ONE BEDROOM<br />

3 KING TERRACE 8 JUNIOR SUITE 1 TWO BEDROOM TERRACE<br />

17 DOUBLE QUEEN 3 JUNIOR TERRACE<br />

2 ND FLOOR<br />

1 ST FLOOR MEZZANINE 3 RD FLOOR 4 TH FLOOR<br />

OBRA PÍA | 8


Calle de la Magdalena<br />

- Administrative / Back of House Entrance -<br />

CONVENTO OBRA PÍA<br />

COLONIAL<br />

NEW<br />

Av. del Centenario<br />

- Events / “Bride & Groom”<br />

entrance -<br />

Colonial Restoration<br />

New Build<br />

Calle de la Media Luna<br />

- Valet entrance -<br />

CALLE DE LA MEDIA LUNA<br />

Calle de la Media Luna<br />

- Social F&B ccess -<br />

OBRA PÍA | 9


CONVENTO OBRA PÍA VICEROY CARTAGENA<br />

EXPERIENCES /<br />

BASEMENT<br />

1ST FLOOR<br />

<strong>Viceroy</strong> <strong>Cartagena</strong>’s format involves a contemporary “zone”<br />

approach to luxury hospitality: certain areas are for in-house<br />

guest use only while other zones and passages are accessible to<br />

private events and outside F&B guests.<br />

<strong>Viceroy</strong> Owners’ Club members will have VIP access and a unique<br />

red carpet experience in all areas of the development.<br />

MEZZANINE<br />

2ND FLOOR<br />

ROOFTOP<br />

BACK OF HOUSE<br />

EXCLUSIVE HOSPITALITY<br />

SOCIAL<br />

EVENT SPACE<br />

OBRA PÍA | 10


8<br />

15<br />

11<br />

9<br />

10<br />

12 13<br />

14<br />

CONVENTO OBRA PÍA VICEROY CARTAGENA<br />

1ST FLOOR | EXPERIENCES/ZONES<br />

5<br />

7<br />

6<br />

1. Reception/Lobby<br />

2. Library/Lobby<br />

3. Boutique Store<br />

4. Meeting Rooms<br />

5. Boutique Bar<br />

6. Library St. Maria Bernarda<br />

7. Wine Cellar<br />

8. 3-Meal Restaurant/ Event Space<br />

9. Boutique<br />

10. Gourmet Bistro<br />

11. Luxury Gym (extensible spa)<br />

12. Luxury Gym<br />

13. Turkish Baths<br />

14. Athletic pool<br />

15. Inhabitable Reflective Pool<br />

4<br />

3<br />

2<br />

1<br />

OBRA PÍA | 11<br />

31


CONVENTO OBRA PÍA VICEROY CARTAGENA<br />

EXPERIENCES/ZONES<br />

16<br />

16. Iconic Restaurant/ Night Club<br />

OBRA PÍA | 12


17<br />

18 19<br />

20<br />

22<br />

21<br />

CONVENTO OBRA PÍA VICEROY CARTAGENA<br />

EXPERIENCES/ZONES<br />

17. Event Space/Terrace<br />

18. Pool Bar<br />

19. Infinity Pool with 360-degree view<br />

20. Deck<br />

21. Restaurant<br />

22. Bar<br />

OBRA PÍA | 13


VICEROY CARTAGENA<br />

KING (STANDARD) GUEST ROOM<br />

• <strong>Viceroy</strong>’s rigorous standards offer the best<br />

quality, comfort and unique style for every<br />

type of room<br />

• Every single room is furnished with<br />

the most updated technology and<br />

entertainment services to ensure an<br />

optimum experience for both business &<br />

pleasure<br />

OBRA PÍA | 14


VICEROY CARTAGENA<br />

SUITE<br />

• Our luxurious suites will act as a sanctuary<br />

as you explore the walled city of <strong>Cartagena</strong>.<br />

Each suite will offer unparalled size,<br />

technology and quality of finishes<br />

OBRA PÍA | 15


VICEROY CARTAGENA<br />

RESTAURANT<br />

• The three meal restaurant will be located in the<br />

majestic chapel of the convent<br />

• This iconic venue will convert into a 1,185 sq. ft.<br />

lounge/avant garde music and low-key dance<br />

area<br />

• Strategic placement of this social area creates<br />

a separation from the guest rooms to minimize<br />

the impact to our guests<br />

• <strong>Viceroy</strong> Owners’ Club members will have a<br />

separate VIP access point and seating<br />

OBRA PÍA | 16


SPA<br />

HOTEL CONVENTO OBRA PÍA<br />

• Our fitness and wellness center will offer an<br />

unparalled spa experience for Colombia<br />

• The selection of fine linens, premium<br />

products and spatial materiality is<br />

a carefully selected process that is<br />

accompanied by a group of exclusive<br />

personnel specially trained to suit worldclass<br />

spa services<br />

OBRA PÍA | 17


HOTEL CONVENTO OBRA PÍA<br />

LIBRARY<br />

• The library is a special space dedicated<br />

from <strong>Viceroy</strong> to our guests in which<br />

peaceful and intellectual moments are<br />

inspired.<br />

• <strong>Viceroy</strong> Owners’ Club members will<br />

have preferred access, and this will also<br />

function as a private meeting room and<br />

for invite-only functions coinciding with<br />

<strong>Cartagena</strong>’s social calend<br />

OBRA PÍA | 18


HOTEL CONVENTO OBRA PÍA<br />

WINE BAR<br />

• The wine cellar will be located in one of the<br />

colonial era cisterns with water features<br />

enhancing its historical vibe.<br />

• <strong>Viceroy</strong> Owners’ Club members will have<br />

special, reserved seating area and enhanced<br />

wine and spirits menu.<br />

• <strong>Viceroy</strong> Owners’ Club members will have<br />

dedicated lockers for cigars and spirits<br />

OBRA PÍA | 19


HOTEL CONVENTO OBRA PÍA<br />

VALET ENTRANCE<br />

• <strong>Viceroy</strong> <strong>Cartagena</strong> will have the city’s first<br />

valet parking service!<br />

• <strong>Viceroy</strong> Owners’ Club members will have<br />

free, prioritized and white glove valet<br />

parking experience.<br />

OBRA PÍA | 20


VICEROY CARTAGENA<br />

ROOFTOP<br />

e view<br />

w view<br />

s view<br />

n view<br />

OBRA PÍA | 21


ISLAND<br />

OBRA PÍA | 22


ISLAND<br />

14 CABANAS & DETOX I WELLNESS CENTER<br />

• Island property at Islas del Rosario<br />

• 14 cabanas<br />

• The project budget includes “key money” to upgrade<br />

the existing facility and build a “de-tox” spa, as well<br />

as the purchase of two 42-foot transport yachts.<br />

• Structured as a joint venture with an existing island<br />

OBRA PÍA | 23


VICEROY CARTAGENA SUCCESS FACTORS<br />

REPRESENTS AN EXCEPTIONAL<br />

OPPORTUNITY TO CAPITALIZE<br />

ON COLOMBIA’S POSITIVE<br />

MACROECONOMIC TRAJECTORY<br />

(COLOMBIA NAMED COUNTRY<br />

OF THE YEAR BY THE<br />

ECONOMIST IN 2016)<br />

CARTAGENA HAS BECOME A<br />

LEADING DESTINATION FOR<br />

CONVENTIONS AND EVENTS<br />

IN LATIN AMERICA GIVEN THE<br />

CULTURAL UNIQUENESS OF<br />

THE CITY AND THE NEWLY<br />

RENOVATED WORLD-CLASS<br />

CONVENTION CENTER<br />

TAKES ADVANTAGE OF LONG-<br />

TERM SHORTAGE OF HIGH-<br />

END HOSPITALITY<br />

SUPPLY IN CARTAGENA’S<br />

COLONIAL CITY<br />

LIMITED EXECUTION RISK:<br />

FULLY LICENSED & ENTITLED<br />

PROJECT; EXPERIENCED<br />

DEVELOPMENT TEAM; LEADING<br />

HOTEL OPERATOR; CONSTRUCTION<br />

UNDERWAY!<br />

TARGETED ANNUAL IRR OF<br />

APPROXIMATELY 25%<br />

OBRA PÍA | 24


II. CARTAGENA<br />

COLOMBIA<br />

OBRA PÍA | 25


CARTAGENA, COLOMBIA<br />

• CARTAGENA’S colonial walled city is a<br />

UNESCO World Heritage site<br />

• Premier “jet-set” destination globally<br />

• One of the top 5 conference destinations<br />

in Latin America<br />

• Over 1,500,000 tourists in 2016 (growing at<br />

10%+ annually); City population of approx.<br />

1,200,000<br />

• International airlift from Houston, Miami,<br />

New York (JFK & LGA), Madrid, Frankfurt,<br />

Fort Lauderdale, Panama City, Atlanta,<br />

etc. to <strong>Cartagena</strong>’s int’l airport expected to<br />

triple by 2020<br />

• International visitors to <strong>Cartagena</strong> have<br />

quadrupled in the last 5 years; projected to<br />

grow at a double-digit percentage pace for<br />

next decade<br />

• High-end hospitality in the walled city<br />

area of <strong>Cartagena</strong> (site of the <strong>Viceroy</strong><br />

project) is chronically under-supplied;<br />

under 1,000 total rooms at 4 stars and<br />

above<br />

• GETSEMANÍ: Convento <strong>Obra</strong> <strong>Pía</strong> is located<br />

in the heart of the hippest neighborhood<br />

with the most favorable entertainment<br />

and dining zoning within the colonial city<br />

• COLOMBIA has experienced a sustained<br />

“peace dividend” economic boom for 15+<br />

years<br />

• Final Peace Agreement (ending the<br />

country’s civil war) signed in 2016<br />

• 5%+ compounded GDP growth since 1994<br />

• 3rd largest economy in Latin America—<br />

after Brazil and Mexico<br />

• U.S.-Colombia Free Trade Agreement:<br />

2012<br />

• EU-Colombia Free Trade Agreement:<br />

2014<br />

• Colombia has a 30-year corporate income<br />

tax exemption for new hotel developments<br />

OBRA PÍA | 26


“Travelers now call <strong>Cartagena</strong><br />

Latin America’s hippest<br />

secret”<br />

-The New York Times<br />

<strong>Cartagena</strong> is a cultural hub<br />

that combines colonial<br />

architecture, exquisite food,<br />

art, music, and dance with a<br />

Caribbean coastal environment<br />

Annual cultural events attract a<br />

sophisticated global audience:<br />

<strong>Cartagena</strong> Int’l Film Festival, Hay<br />

Literary Festival, International<br />

Classical Mussical festival,<br />

Latin Jazz Festival, Electronic<br />

Music Festival, Biennial of<br />

Contemporary Art, Miss<br />

Colombia Celebration/<br />

Independence Week<br />

The <strong>Cartagena</strong> Convention<br />

Center (only 150 yards from<br />

the entrance to the <strong>Viceroy</strong><br />

<strong>Cartagena</strong>) is one of the best<br />

outfitted and most trafficked<br />

convention and event venues in<br />

South America<br />

<strong>Cartagena</strong> was recently named<br />

one of the world’s top 10<br />

cultural tourism destinations by<br />

The New York Times<br />

OBRA PÍA | 27


VICEROY CARTAGENA<br />

LA MATUNA<br />

GETSEMANÍ<br />

CARTAGENA´S WALLED CITY<br />

SAN DIEGO<br />

CENTRO<br />

• Getsemaní is the new up-andcoming<br />

neighborhood in the walled<br />

city, where the best bars and<br />

nightclubs in <strong>Cartagena</strong> are located<br />

• The walled city has less than 900<br />

hotel rooms with an internationalgrade,<br />

4-star or greater quality and<br />

above<br />

• Over the next 8 years the supply of<br />

4-star (or greater) hotel rooms will<br />

only increase to 1,500 (by comparison<br />

Prague has 20,000+ beds in a similar<br />

walled city surfaced area)<br />

OBRA PÍA | 28


VICEROY CARTAGENA<br />

HOTEL CONVENTO OBRA PÍA<br />

VICEROY CARTAGENA<br />

FOUR SEASONS<br />

HOTEL (2019)<br />

HISTORIC CENTER<br />

LARGE FORMAT HOTEL<br />

COMPARABLES<br />

GETSEMANÍ<br />

• The <strong>Viceroy</strong> <strong>Cartagena</strong> along with<br />

neighboring development project<br />

Four Seasons <strong>Cartagena</strong> will be the<br />

cornerstones of the walled city’s new<br />

social and hospitality epicenter<br />

LOCAL SEAPORT<br />

• Located only 2 blocks away from the Julio<br />

Cesar Turbay Ayala <strong>Cartagena</strong> de Indias<br />

Convention Center, Latin America’s fastest<br />

growing convention center<br />

SOFITEL SANTA CLARA<br />

CHARLESTON<br />

SANTA TERESA<br />

• Only two primary competitors (Sofitel<br />

Santa Clara & Charleston Santa Teresa).<br />

These Hotels have not been changed<br />

materially since 1990s- yet enjoy very high<br />

ADRs and occupancy rates<br />

• The <strong>Viceroy</strong> <strong>Cartagena</strong> will be Colombia’s<br />

1st true ultra-luxury lifestyle hotel<br />

OBRA PÍA | 29


ISLAS DEL ROSARIO<br />

CONVENTO OBRA PÍA<br />

VICEROY CARTAGENA<br />

GETSEMANÍ<br />

2 LUXURY YACHTS WILL TAKE YOU TO<br />

OUR PRIVATE BEACH 30 MINS AWAY<br />

AT ISLAS DEL ROSARIO<br />

VICEROY CARTAGENA<br />

ISLAND EXPERIENCE<br />

• 14 cabanas and luxury spa on one of the few<br />

white-sand beaches at Islas del Rosario<br />

• Seaport to a luxury yacht<br />

3 MINUTE WALK THROUGH<br />

HISTORIC PARQUE EL CENTENARIO<br />

TO LOCAL SEAPORT<br />

• Available to <strong>Viceroy</strong> guests for day-trips or<br />

overnight stays<br />

OBRA PÍA | 30


“<br />

All the magic of <strong>Cartagena</strong><br />

is within the walled city.<br />

”<br />

Frank Orenstein<br />

Chairman of Hospitality Investors Group,<br />

developing a Hyatt in the modern<br />

Bocagrande sector of <strong>Cartagena</strong>.<br />

Hotel News Now<br />

November 1, 2012<br />

OBRA PÍA | 31


HISTORIC CENTER<br />

SMALL FORMAT HOTEL<br />

COMPARABLES<br />

hotel bastión<br />

hotel boutique tcherassi<br />

• If the Walled City is the best target for luxury<br />

development, why aren’t there more large-format<br />

luxury offerings?<br />

• Limited inventory – small footprints, stringent<br />

UNESCO rules<br />

• Sponsor has pieced together one of the largest<br />

remaining undeveloped footprints in the Walled<br />

City<br />

• <strong>Viceroy</strong> <strong>Cartagena</strong> property assemblage was<br />

selected to maximize height allowances and<br />

complex zoning<br />

Characteristics of competitive boutique hotel<br />

offerings:<br />

hotel boutique casablanca<br />

hotel san agustín<br />

hotel boutique lm<br />

• Generally offer 5-35 rooms<br />

• Beautiful and luxurious<br />

• No event space<br />

• No amenities<br />

• No meaningful food & beverage or nightlife<br />

• High ADR and high occupancy rates<br />

OBRA PÍA | 32


III. VICEROY<br />

HOTEL GROUP<br />

OBRA PÍA | 33


VICEROY<br />

HOTEL GROUP<br />

LUXURY LIFESTYLE EXPERIENCE IN<br />

INTERNATIONAL EXPANSION MODE<br />

• <strong>Viceroy</strong> Hotels & Resorts comprise 13 ultra-luxury hotels across 4<br />

continents:<br />

NORTH AMERICA: Beverly Hills CA, Cassa New York NY, Central<br />

Park New York NY, Santa Monica CA, Snowmass CO, Zelos San<br />

Francisco CA, Zeppelin San Francisco CA, Zetta San Francisco<br />

CA, Chicago IL, (Opening in 2017)<br />

LATIN AMERICA & CARIBBEAN: Riviera Maya MEXICO, Sugar<br />

Beach SAINT LUCIA, Zihuatanejo MEXICO, Bocas del Toro<br />

PANAMA (Opening in 2019), Buenos Aires ARGENTINA (Opening<br />

in 2019), <strong>Cartagena</strong> COLOMBIA (Opening in 2019)<br />

EUROPE & MIDDLE EAST: Palm Jumeirah Dubai UNITED ARAB<br />

EMIRATES, Yas Abu Dhabi UNITED ARAB EMIRATES, Algarve<br />

PORUGAL (Opening in 2019), Kopaonik SERBIA (Opening in<br />

2018), Nang VIETNAM (Opening in 2020), Princes’ Islands Istanbul<br />

TURKEY (Opening in 2020 )<br />

• Glamorous and exclusive sensibility that epitomizes the height<br />

of luxury<br />

• World-class guest, food & beverage and social/corporate offering<br />

• <strong>Viceroy</strong> Hotel Group´s largest shareholder is the government of<br />

Abu Dhabi<br />

OBRA PÍA | 34


THE DEVELOPMENT<br />

OBRA PÍA | 35


THE ARCHITECT<br />

BARRERA & BARRERA<br />

“Alvaro Barrera is one of the most brilliant<br />

Colombian architects of his generation and<br />

perhaps the first to restore and adapt colonial<br />

buildings to modern use.”<br />

Restoring Architecture: The Work of Alvaro Barrera | Villegas Editores<br />

OBRA PÍA | 36


DEVELOPMENT TEAM<br />

ARCHITECT<br />

BARRERA & BARRERA<br />

• World-renowned architecture and development<br />

firm with expertise in colonial restoration &<br />

project execution<br />

• Dozens of restoration projects over nearly 40<br />

years<br />

• Alvaro Barrera has played a significant role in<br />

the transformation of <strong>Cartagena</strong>’s walled city<br />

• Deep expertise with respect to UNESCO and<br />

IPCC (local historical commission) guidelines<br />

• Decades of work with local authorities to<br />

ensure smooth execution<br />

• Barrera & Barrera led Phase 1 construction of<br />

the <strong>Viceroy</strong> <strong>Cartagena</strong> project<br />

OBRA PÍA | 37


OWNER´S<br />

REPRESENTATIVE<br />

& PROJECT<br />

MANAGER<br />

MULLET INGENIERÍA<br />

As owner’s representative Mulett Engineering<br />

has provided its expertise to numerous<br />

projects in the historic old city of <strong>Cartagena</strong><br />

de Indias.<br />

OBRA PÍA | 38


DEVELOPMENT TEAM<br />

OWNER’S<br />

REPRESENTATIVE<br />

MULLET ENGINEERING<br />

• Mullet Engineering has acted as project<br />

manager and Owner’s representative for<br />

<strong>Viceroy</strong> <strong>Cartagena</strong> since the project´s<br />

inception<br />

• Mullet Engineering has more than 15 years<br />

of experience as an owner’s representative<br />

and project manager in the costal caribbean<br />

región of Colombia<br />

• Mullet Engineering is comprised of top<br />

professionals in engineering, architecture,<br />

and design. All with a focus on historical<br />

preservation<br />

• Relevant experience includes: Casa Badillo,<br />

Hotel Badillo galería, Casa Espíritu Santo,<br />

Casa de Hobo, Casa Margarita, Petromil<br />

stations among other projects based in the<br />

coastal Caribbean region of Colombia<br />

OBRA PÍA | 39


THE DESIGNER<br />

ARQUITECTURA DE<br />

INTERIORES (MX)<br />

Arquitectura de Interiores is a team of highly<br />

qualified architects and designers committed<br />

to providing hospitality design service of the<br />

highest quality.<br />

OBRA PÍA | 40<br />

23


DEVELOPMENT TEAM<br />

DESIGNER<br />

ARQUITECTURA DE INTERIORES<br />

• More than 30 years of experience in architecture<br />

and interior design in the hospitality and<br />

residential market in Latin America led by<br />

award-winning designer Marisabel Gómez<br />

Vázquez<br />

• Projects include hotel chains such as <strong>Viceroy</strong><br />

Hotel Group, Ritz Carlton, JW Marriott, One&Only,<br />

Four Seasons, Hyatt, Thompson, Pueblo Bonito,<br />

Hilton, Aloft, NH,Accor, Wyndham, Starwood,<br />

IHG, and Fiesta Americana among others<br />

• Their design solutions meet the strictest of<br />

global standards and requirements while crafted<br />

with sensibility surrounding local culture<br />

• Selected after a multi-month competitive<br />

biding process involving many of the world’s<br />

leading hospitality and residential design<br />

firms<br />

OBRA PÍA | 41


THE GENERAL<br />

CONTRACTOR<br />

CIVILCO<br />

Civilco, S.A. is one of the leading general<br />

contractors in Colombia, with an unparalleled<br />

track record vis-a-vis <strong>Cartagena</strong> in general<br />

and colonial restoration projects in specific.<br />

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DEVELOPMENT TEAM<br />

GENERAL<br />

CONTRACTOR<br />

CIVILCO<br />

• More than 50 years of experience throughout Colombia<br />

in construction, consulting and project management<br />

• Relevant experience includes: the Refineria de<br />

<strong>Cartagena</strong>, Transcaribe, Nueva Sede Tecnar, Los<br />

Corales de <strong>Cartagena</strong>, Hotel Royal Decameron Baru,<br />

Centro Bicentenario, Casa Del Virrey, among other<br />

projects based in the coastal Caribbean region of<br />

Colombia<br />

• Selected after a multi-month competitive biding<br />

process involving top Colombian construction firms<br />

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KIT CAPITAL<br />

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KIT CAPITAL<br />

KIT Capital is an entrepreneur-led merchant<br />

bank and family office with primary investment<br />

and business development activities in luxury/<br />

lifestyle hospitality and technology.<br />

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KALEIL<br />

ISAZA<br />

TUZMAN<br />

OWNER | MANAGING PARTNER<br />

Mr. Isaza Tuzman has 20 years of experience as a special situations<br />

investor, entrepreneur and turnaround executive. For over 10 years,<br />

he has been investing in residential and commercial real estate in<br />

Colombia through his investment vehicle KIT Capital. Since 1998, Mr.<br />

Isaza Tuzman has served as chairman and/or chief executive of a<br />

number of private and public companies in mediatech, services and<br />

consumer products. He has raised $750+ million in capital and has<br />

helped create over $1 billion of incremental market value through<br />

active investments and operational turnarounds. Mr. Isaza Tuzman has<br />

served as a U.S. Trade Representative under both Presidents William<br />

J. Clinton and George W. Bush, as well as a member of the Council on<br />

Foreign Relations. He holds an A.B. magna cum laude and a master’s<br />

certificate from Harvard University. He also studied at El Colegio de<br />

México in Mexico City.<br />

4,000<br />

JOBS CREATED BY<br />

OUR PORTFOLIO<br />

COMPANIES<br />

ROSARIO<br />

DAVI<br />

CHIEF OPERATING OFFICER<br />

In his role as COO, Rosario oversees internal<br />

operations, helps guide overall strategy, and leads<br />

the firm’s North American business. Rosario also<br />

runs the firm’s Financial Advisory and Restructuring<br />

Services practices. In his 12+years at KIT Capital,<br />

Rosario has led over two dozen financial advisory<br />

assignments and been instrumental in many of the<br />

firm’s direct investments in technology and mediarelated<br />

assets. He has expertise in recapitalization<br />

exercises, debt restructuring, forensic accounting,<br />

litigation management and asset recovery.<br />

Rosario acted as Corporate Development Manager<br />

for KIT portfolio company KIT digital (now called Piksel,<br />

www.piksel.com), focusing on capital restructuring<br />

and acquisition initiatives. Previously Rosario held<br />

the post of Corporate Development Manager at KIT<br />

Capital portfolio company JumpTV, where he held<br />

previous posts of General Manager of Africa and the<br />

Caribbean. Rosario has been a member of the board<br />

of directors of a number of public and privately held<br />

businesses.<br />

Rosario graduated with a Bachelor of Science Degree<br />

in Finance from Rutgers University and speaks both<br />

Sicilian Italian and Spanish.<br />

AMANDA<br />

BLAUROCK<br />

EVP, LEGAL AND BUSINESS<br />

DEVELOPMENT<br />

As EVP and General Counsel, Amanda works on<br />

transactions across our different practice areas,<br />

including due diligence, negotiation and<br />

documentation. She is responsible for all corporate,<br />

labor and litigation-related legal matters, including<br />

managing the firm’s external legal relationships.<br />

In addition to serving as KIT’s EVP and General<br />

Counsel, Amanda is a Partner in the law firm<br />

of Pedley & Millin PLLC. She brings over twelve<br />

years of experience as general counsel, business<br />

executive, and international litigator to KIT Capital.<br />

Amanda holds a B.A. in Psychology and Japanese<br />

from Rutgers University and a J.D. from Temple<br />

University, Beasely School of Law. She is conversant<br />

in Japanese and a member of the California and<br />

District of Columbia state bars.<br />

20 y i n e v a e r s s t m o e f<br />

n t<br />

e x p e r i e n c e<br />

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The <strong>Viceroy</strong> <strong>Cartagena</strong> is the main founding<br />

sponsor for the <strong>Obra</strong> <strong>Pía</strong> Foundation, a<br />

charitable foundation that will promote<br />

workforce development amongst low income<br />

residents of the Getsemaní neighborhhod.<br />

OBRA PÍA | 47


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