Grupo Cipriani will not open the San Rafael Hotel and Casino this summer due to "problems" in construction execution

Grupo Cipriani has announced a significant delay in the opening of its highly anticipated San Rafael Hotel and Casino in Punta del Este. The luxury resort, a reconstruction and expansion of the historic San Rafael, was initially slated to welcome guests this summer. However, the company confirmed it will not open as scheduled.

In a statement, Grupo Cipriani cited "delays accumulated in the execution of the work" as the primary reason for the postponement. While acknowledging that various circumstances, including the pandemic and approval processes, had extended timelines, the company emphasized that the current situation stems from ongoing construction setbacks. Despite continuous dialogue with national and departmental authorities, the construction union (SUNCA), and other stakeholders to find solutions, the company stated that recovering the original schedule proved impossible.

The postponement creates considerable uncertainty, impacting not only Grupo Cipriani but also the popular tourist destination of Punta del Este. The company must now reschedule reservations, contracted shows, international events, and other commitments. Hundreds of workers, their families, and numerous directly and indirectly involved businesses will also be affected. Furthermore, over 300 young individuals are currently undergoing training at Cipriani's hospitality academy in preparation for employment at the resort.

Grupo Cipriani aims to reopen the project for the 2027-2028 season, calling this revised target "unpostponable." The company has already invested US$250 million in the hotel and casino project and an additional US$45 million in acquiring and renovating the existing building and establishing the training academy. The total estimated investment for the comprehensive project, which includes the hotel, residences, casino, multiple restaurants, a spa, luxury retail spaces, and entertainment facilities, is US$700 million.