Overview
- The three-member panel issued a 177-page award Wednesday, granting Perú Belmond 33.6 more months from May 17, 2025, which carries operations into early March 2028, with one arbitrator dissenting.
- The ruling is final under Peru’s arbitration law and it lifts the prior court order that had barred changes to the hotel’s control.
- The outcome keeps the state-owned hotel at Machu Picchu’s entrance under the current operator, a move workers had said would help protect jobs and steady high-end visitor services.
- The Cusco Bar Association urged the regional government to start work now on a clean, competitive public tender once the extended term ends.
- Separate reporting contests a comptroller claim that the hotel backed a $20 million loan and highlights scrutiny of business links to presidential candidate Rafael López Aliaga.