Hotel In Montevideo Old Town – 51 Rooms

In the heart of Ciudad Vieja, Montevideo’s most iconic neighborhood, steps away from the famous Mercado del Puerto and the Port of Montevideo – Uruguay’s main river gateway, vital for commerce, tourism, and international cruises.

This property represents an outstanding opportunity, whether to continue hotel operations or to develop new projects in a truly strategic location.

Key Features

Address: Cerrito & Pérez Castellanos – two adjacent lots with access from both streets.

Rooms: 51 guest rooms in the following categories:

-Standard Single
-Standard Double
-Standard Twin
-Triple Room
-Family Room
-Premium King
-Hypoallergenic Room

Facilities:

-Business area
-Meeting & event rooms
-Basement with storage and water tanks
-Ground floor: 4 independent bathrooms, 3 storage rooms, 2 staff locker rooms, staff dining area, laundry, pantry, and lounge

Development Opportunities

With its prime location and versatile infrastructure, Hotel Puerto Mercado offers multiple redevelopment possibilities:

Hotel Expansion & Modernization: Upgrade and expand the current facilities to increase room capacity and enhance services, attracting a broader range of tourists and business travelers.

Convention & Event Center: Transform the property into a dedicated convention and events venue, leveraging its business area and meeting rooms as well as its proximity to the port and Mercado del Puerto.

Co-Working & Office Space: Redesign part of the building to host co-working spaces and offices for professionals and entrepreneurs in a central, well-connected location.

Serviced Apartments or Short-Stay Residences: Convert the hotel into temporary residences or apartments, catering to business travelers, students, or tourists seeking a homelike experience.

Cultural Center or Art Gallery: Reimagine the property as a cultural hub or gallery, taking advantage of its touristic location and capacity to host exhibitions and events.

Hotel Puerto Mercado is a unique asset with exceptional potential to maximize value and adapt to the evolving demands of Montevideo’s real estate and tourism market.