SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

 FORM 6-K

 REPORT OF FOREIGN ISSUER

PURSUANT TO RULE 13a-16 OR 15b-16 OF

THE SECURITIES EXCHANGE ACT OF 1934

For the month of May, 2017

 IRSA Inversiones y Representaciones Sociedad Anónima

(Exact name of Registrant as specified in its charter)

IRSA Investments and Representations Inc.

(Translation of registrant´s name into English)

 Republic of Argentina

(Jurisdiction of incorporation or organization)

Bolívar 108

(C1066AAB)

Buenos Aires, Argentina

 (Address of principal executive offices)

 Form 20-F ⌧Form 40-F  ☐

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes ☐No x

IRSA INVERSIONES Y REPRESENTACIONES SOCIEDAD ANÓNIMA

(THE “COMPANY”)

REPORT ON FORM 6-K

Attached is the English translation of the summary of the letter dated May 10, 2017, filed by the Company with the Bolsa de Comercio de Buenos Aires  and theComisión Nacional de Valores.

By letter dated May 10, 2017, the company reported that on May 2, 2017 has signed an association agreement (similar to a Joint Venture) with Galerías Pacífico SA to perform improvements in the Llao Llao Hotel, located in the City of San Carlos de Bariloche, in order to maximize and improve the positioning and quality of the brand in the lodging industry. In addition, this agreement has the objective to operate the hotel in order to maximize its profitability.

The association agreement stakes are set at 50% for the Company and 50% for Galerías Pacífico S.A. Common and extraordinary expenses are supported in the percentages indicated.

It also indicates that the revenues of the association agreement are made up of the profits that are generated from the commercial exploitation of the hotel Llao Llao, as well as the positive result of the financial investments or any other financial surplus of this association.

SIGNATURES

Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Buenos Aires, Argentina.

IRSA Inversiones y Representaciones Sociedad Anónima
By:	/S/ Saúl Zang
	Name: Saúl Zang
	Title: Responsible of relationship with the markets

Dated: May 10, 2017