New hotel planned for punta paitilla

Investors have already put $24 million toward the 507 Apartahotel, a luxury lodging house that will be the cornerstone of a new tourist-commercial center to revive the once-legendary Plaza Paitilla mall.

Venezuelan investor Ricardo Bronfenmajer and the Orillac family, which owns the ELS Language Centers and Margo Tours, are the principal financiers of the 26-story hotel project in Punta Paitilla.