Costa Rica: $25 Million for 2 New Hotels
"Fashion Hotels", an Austrian chain, will open one of the hotels in Puerto Viejo this month and the other in Manuel Antonio in July.
Friday, April 17, 2009
The hotel that is located in Puerto Viejo is named Le Caméléon and it required an investment of $5 million. The one that is being built in Manuel Antonio is named The Ocean and it will cost $20 million.
The Real Estate Development Fund Monte del Barco has signed a contract with Rosewood Hotels & Resorts chain, to develop a 130 room luxury hotel in the Gulf of Papagayo in Guanacaste.
Situated on the Pacific, 55 kilometers from Panama City, will be the new Panama Marriott Resort Casamar, a 5 star hotel with 180 rooms in several interconnected buildings.
With an investment of $60 million, the opening of the 6-star, luxury hotel with 300 rooms is planned for 2012.
Construction of the luxury hotel is estimated at $40 million and it will begin in June of this year, with an estimated completion in 2010.
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