Bristol Hotels to Invest $30 Million in Panama
Under the concept of a "premium condo-hotel", the group plans to build the boutique hotel "The Residences" in Panama City.
Friday, July 30, 2010
The hotel project will open its doors in November 2011 and feature 62 rooms and 40 apartments.
The Swiss equity firm SunVesta Holding AG has announced the start of construction of the Paradisus Papagayo Bay Resort, with an investment of $170 million.
Latam Hotel Corporation will build and operate, beggining in 2016, a Hyatt Place hotel with 140 rooms in the Cascadas shopping center in San Salvador.
In recent years, more than $300 million has been invested in the hotel sector along the coastline of Punta Chame and Rio Hato.
In the first four months of the year just three hotel projects were approved, for $1.67 million.
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