Guatemala: Congress Discusses Purchase of Ritz Continental
The building is owned by the Guatemalan Pediatric Foundation, located in the historic center and valued at $10 million.
Tuesday, March 10, 2009
The chairman of the Pediatric Foundation (FPG), Luis Genaro Morales, told Elperiodico.com.gt: "The FPG has a debt of 'about $3 or $4 million’ with the G&T Continental Bank. We were going to build a hospital but cannot because it is in the historic center. We have inadvertently gotten into trouble. However, there is no one better than the Congress to buy it because of the 158 offices that the Ritz could accommodate for its 50 committees, including a tunnel from the building directly to the Legislative Palace.”
Erna, a Bulgarian real-estate agency, is now offering properties in Costa Rica and Panama to potential Bulgarian buyers. Erna says interest is growing because the weakness of the US dollar is pushing down prices for Europeans.
Banco de Costa Rica analyzes possible options for moving the seat of the Legislative National Assembly.
The new "Corporate Multi-center" ("Multicentro Corporativo" in Spanish) complex will be opened in November in the Costa Rican capital, San Jose.
The project, which will cost about $220 million, is being seriously questioned by those who believe that the cost the government will assume is excessive.
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