Works in the 330-room hotel in San José will start in a month and a half.

In Bagaces, Guanacaste, the company will develop a hot spring complex, with pools, restaurant and spa.

“The project – which does not yet have a name – would open its doors in December. It would be aimed to international tourists, but also domestic ones”, reported Nacion.com.

Source: Nacion.com

More on this topic

Radiography of a Large Tourism Development

May 2014

The Paradisus Papagayo Bay Resort & Luxury Villa’s under construction in Costa Rica on stabilization of operations would operate as a profitable business, with net income of 35.3% of total revenue.

A report by a swiss capital company, SunVesta Inc., published by the United States Securities and Exchange Commission (SEC) reports on the details and progress of the $190 million tourist resort that the firm is developing in the Gulf of Papagayo in Guanacaste, Costa Rica.

Colombian Hotel Chain Invests in Central America

March 2012

The Colombian Decameron Group is expanding its investments in Latin America in 2012, including the opening of two hotels in Costa Rica and one in Panama.

In Costa Rica, Decameron will open this year a 330-room Royal Decameron Irazu in San Jose, and one in Jaco Beach, with 130 rooms.

New luxury eco-resort in Bocas Del Toro

October 2008

A new luxury eco-resort, Emerald Monkey, is scheduled to break ground in Bocas Del Toro, Panama, this month, for completion in 2010.

With relatively few eco-resorts in Panama (in comparison to Costa Rica), it is good to see developers increasing the focus on eco-minded tourists.

Financial crisis in the US affects investments in Costa Rica

September 2008

$1.2 billion in real estate investment have been suspended until project viability can be assured.

Several major hotel chains announced that their investment projects would be suspended for an indefinitely until the viability of the projects can be assured. These decision represent $1.2 billion in tourism investment in Costa Rica.