Marriott is expected to open its second hotel in Peru in 2014, according to a recent report by Semana Economica.

According to the magazine, Peru’s first Courtyard by Marriot will have 120 rooms, and will be carried out through Inversiones La Rioja. The hotel will be built next to Parque Murillo, in front of San Isidro’s Centro Empresarial.

The four-star hotel is expected to take between 18 to 24 months to build. However, the project has been awaiting a permit from the Municipality of Lima for the past 8 months.

According to Carlos Canales, head of the National Chamber of Tourism, the project would require between $15 million and $18 million, but could see an 18 percent annual increase in construction costs because of the extended wait.

Canales said the hotel chain would wait for municipal approval for 60 more days, and if there is no reply, evaluate changing to a corporate hotel, Semana Economica reported.

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