en.Wedoany.com Reported - Lucas Naranjo, general manager of Constructora Perfek, stated that the company is advancing its plans to expand its tourism accommodation model beyond Colombia, revealing that the Dominican Republic is one of the markets being evaluated to replicate the Territorio Panaca project. Naranjo hopes to release new information on this international project by next year.
Naranjo also provided details on the progress of the Territorio Panaca project. This is Colombia's first Special Tourism Project (PTE), requiring an investment of over 1 trillion pesos. The project spans 144 hectares in the department of Quindío and is expected to generate approximately 9,000 jobs. The first phase is 90% sold, construction will begin in August, and operations will gradually start from this phase onward. Additionally, once mature, the project is expected to attract up to 700,000 tourists annually.
Regarding international expansion, Naranjo stated that the company will initially remain in Colombia's Coffee Region (Eje Cafetero) and the department of Antioquia, but is considering entering the Dominican Republic. The process is still in the analysis and structuring phase, so no official announcements can be made yet.
Naranjo pointed out that the project in the Dominican Republic will be a tourism accommodation project, a replica of the one currently being developed at Territorio Panaca in Colombia, and closely linked to the Panaca Park set to open in the Dominican Republic. The difference lies in the architectural concept: in Colombia, the project is restoring ancestral traditional elements such as rammed earth walls, colonial architecture, and features of the Coffee Region; in the Dominican Republic, the theme will lean more towards an Old West style.
Located in the heart of the department of Quindío, Territorio Panaca is centered around Panaca Park, which has been operating for over 25 years. This is a 144-hectare tourism ecosystem conceived as an integrated project where visitors can experience nature, wellness, gastronomy, and culture. The project will build a colonial-style town from scratch, including a plaza, commercial areas, accommodation zones, and spaces designed for all generations.
The project is completing regulatory procedures, aiming to start construction in early August. The entire project is designed in 10 phases, with an estimated execution period of 8 to 10 years. The first phase includes 110 homes, 40 apartments, and 26 commercial units, expected to be delivered 20 to 22 months after construction begins. The project will not wait for all phases to be completed before starting operations; Territorio Panaca will open from the first phase onward.
With an investment exceeding 1 trillion pesos, the project will create approximately 9,000 jobs. Based on the National Administrative Department of Statistics (Dane) metrics on the impact of each job on households, this means it will benefit around 26,000 people in the department of Quindío. The project is expected to increase the contribution of tourism in the Coffee Region to its Gross Domestic Product (GDP) by 1 to 1.5 percentage points.
The main reference currently is Panaca Park, which historically receives about 300,000 tourists annually. With the expansion of the tourism offering, Naranjo believes the number could reach approximately 700,000 tourists per year. Once fully developed, the project will have 1,344 accommodation units.
Investor response has been positive, with nearly 90% of the 110 homes in the first phase already sold. The project is advancing construction using bank resources and a trust structure. Constructora Perfek currently has 22 projects in the structuring, sales, or execution phase, and expects to reach 24 projects by the end of the year, with sales exceeding 230 billion pesos. Additionally, funds allocated for project pre-development and development in 2026 could exceed 100 billion pesos. Beyond tourism, the development of Territorio Panaca will have a significant impact on agriculture, hospitality, construction, and artisan work.
Lucas Naranjo is an architect with a background in finance, currently serving as General Manager of Constructora Perfek. His education combines technical knowledge in planning, executing, and supervising large-scale projects with a strategic vision oriented towards business management. In his current role, he leads the development of real estate and tourism projects in the Coffee Region and Antioquia, including Territorio Panaca—Colombia's first Special Tourism Project—dedicated to promoting tourism, sustainable development, and regional economic growth.
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