Hotel Colón Internacional C.A.

What it is

Hotel Colón Internacional C.A. is an Ecuadorian enterprise based in Quito, operating in the hotels and motels sector; it was first established on June 11, 1965.

The company operates the Hilton Colón hotel in Quito, with more than 50 years of experience in accommodation; it also offers conference services including catering.

Hotel Colón Internacional is the owner of the Hilton Colón Quito and a significant shareholder in the Guayaquil property, both operated under the Hilton brand. The corner at Avenida Patria and Avenida Amazonas, chosen by the founding partners nearly six decades ago, remains one of the city’s most strategically valuable hotel sites.

Who owns it

The share register is widely dispersed among many small shareholders — a common structure for Ecuador’s older listed companies. The largest single identified stake reaches 13.45%, followed by blocks of 11.05%, 5.8% and 5.22%, with the names of those holders behind a paywall at the Superintendencia de Compañías and not disclosed in available open sources.

The Dassum family has been deeply associated with the business: Fuad Dassum served as president for 30 years, building up the group’s consolidated assets before passing leadership to the next generation. The board subsequently appointed Ing.

Alberto Dassum as president of the company.

Who runs it

Ing. Rafael Terán serves as Gerente General (chief executive) of Hotel Colón Internacional, while the hotel itself operates day-to-day under a separate Hilton-branded management arrangement.

The board re-elected Ing. Mauricio Vásquez Espinoza as Comisario Principal — Ecuador’s statutory auditor role — and Lcdo.

Francisco Salvador as alternate.

The firm Kreston Ecuador Ltda. was appointed external auditor for the 2024 financial year, with fees to be set by the board.

The money, in plain words

In 2024, Hotel Colón Internacional generated revenues of $8,576,981 — a fall of 8.8% from the $9,403,150 it earned in 2023. That places it outside the top five hotels by revenue in Ecuador and roughly mid-table among Quito’s major branded properties.

(Revenue change calculated as ($9,403,150 − $8,576,981) / $9,403,150 = −8.8%; our calculation.)

The company’s last publicly confirmed bottom-line result was a net loss of $174,712 for fiscal year 2023, after a $18,180 deferred-tax benefit reduced an operating loss of $192,892. The audited 2024 result has not yet appeared in open sources; the net profit margin for 2024 is therefore not disclosed in available sources.

The company employed 162 people in 2024.

What it is doing now

After a long period of market analysis, Hotel Colón Internacional has decided to launch LIVE COLÓN — a project of permanent-stay suites for independent adults, the first of its kind in Ecuador, delivered with the hotel’s full service standard. The project has a dual purpose: meeting demand from adults who seek independent living without full-care assistance, and offering investors an alternative instrument in the local capital market.

To fund the conversion of the building’s Towers La Pinta and La Niña, the company structured a securitisation — a mechanism where future rental income is packaged into tradeable securities — raising up to $6.2 million at a face value of $1,000 per unit, rated AAA by GlobalRatings in November 2025. The fiduciary agent is Fiduciaria Atlántida Fidutlán, with MerchantValores as both financial structurer and placement agent.

What to watch

• 2024 audited result: The full income statement for 2024 — including whether the company returned to profit after two loss years — has not yet appeared in open sources; its publication will be the first real financial signal of a post-pandemic recovery or continuing strain.
• LIVE COLÓN execution: Converting hotel space into permanent residences is a one-way structural change; occupancy and pricing discipline in the new suites will determine whether the $6.2 million securitisation delivers the projected returns.
• Ecuador security risk: Ecuador’s country-risk index fell to 684 points in September 2025 — below 700 for the first time since 2019 — reflecting growing market confidence in the government’s fiscal management. A sustained improvement supports both tourism and the real-estate demand that LIVE COLÓN needs.
• Revenue trend: Within Ecuador’s hotel sector, only the Dann Carlton Quito and Wyndham Quito recorded higher revenues in 2024 than in 2023. A third consecutive decline would raise serious questions about the property’s competitive position.

This is news, not investment advice.