Juan Canahuati, president of the board of project Los Micos Beach & Resort, explained that one of the hotels belongs to Westin Hotel Resorts, and the other to Conrad Hotel and Resorts.

The cost of the first hotel would be close to $102 million, according to newspaper Laprensa.hn.

"The idea is to begin with the construction of one of the hotels at the same time as the 18-hole golf course ... 459 residential villas will be built around the golf course and the hotels, in addition to a club and a shopping mall...", reported Laprensa.hn.

Source: laprensa.hn

More on this topic

Honduras: More Investors in Tela Bay

October 2011

Balboa Bank & Trust, will support the Micos Beach & Golf Resort tourism project providing a loan for $2.5 million.

Diana Villeda, chief financial officer of Tela Bay Tourist Development (DTBT in Spanish) announced that an amendment will be made to the syndicated loan agreement, integrating this contribution and bringing the total credit to $26 million.

Second Stage of Los Micos Beach Starts

September 2011

With the first payout of a $15.9 million from a syndicated loan worth $24 million, construction of the second stage of the tourism project in Honduras will begin.

The banks, Ficohsa, BAC Honduras, Ficensa, Rural Development Bank in Guatemala and Panama's Banco Pichincha had already approved a syndicated loan of $24 million to finance the tourism project.

Golf Course Underway at Bahía de Tela

September 2010

$5 million will be invested in developing a golf course in the Honduran touristic project known as “Los Micos Beach and Golf Resort”.

The 18-hole course will be designed by Gary Player, a renowned designer with over 300 golf courses around the globe, and will be funded with resources from the investors behind the group called “Desarrollo Turístico Bahía de Tela”.

$43 Million in Second Phase of “Bahía de Tela”

May 2010

$43 million will be invested in developing the second stage of this Honduran tourism project, between July 2010 and October 2012.

The new stage comprises a 120-room, 5-star hotel and an 18-hole golf course, plus a golf club, commercial spaces, a beach club and complementary infrastructure.