Hilton and Constructora Colpatria have announced the signing of a franchise license agreement to open Hilton Medellin, bringing the company’s flagship brand to Colombia’s second largest city.

The multi-million project will be one of the largest real estate investments in Colombia this year.

The 25-story, 206-room new-build development is planned to open in quarter two of 2019.

Hilton opened DoubleTree Bogota Calle 100, Hampton by Hilton Bucaramanga, and Hampton Inn by Hilton Medellin in Colombia in 2016, and currently has a portfolio of 14 properties in the country and nine projects in the pipeline.

“This is an excellent time to bring the Hilton brand to Medellin as its lodging market continues to experience healthy growth and the city further establishes itself as one of Colombia’s principal business hubs,” said Juan Corvinos, managing director, development, Mexico, Central America and Hispanic Caribbean Regions, Hilton.

“With an influx of multinational corporations, Hilton Medellin’s sought-after location and unparalleled amenities will position the property as a prominent destination for social and corporate events in the city.”

The hotel site is located on Avenida de las Palmas, and will offer great accessibility to one of the busiest and most important roads in Medellin’s upscale El Poblado neighbourhood.

Hilton Medellin will be part of a mixed-use development, to include retail, office space and non-branded residential units in a complex with a parking garage with more than 450 parking spaces.

The hotel is owned and developed by Constructora Colpatria.

Hilton Medellin will feature more than 2,000 square meters of world-class meeting space, including a 600-square-meter modular ballroom alongside five additional secondary meeting rooms.

Other amenities will include an outdoor pool and whirlpool, executive lounge, fitness centre, restaurant and piano bar, spa facility and beauty salon.