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 "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.”

More on this topic

Guatemala: $10 million to Buy Property

March 2017

The government has announced that it will allocate resources to buy 13 properties and format them for use as care homes for minors.

The government has announced that on top of the 50 million quetzales ($6.5 million) that had been requested for purchasing property for use as child care centers, another 25 million quetzales ($3.2 million) will be added, bringing the amount to nearly $10 million.

"Partner" Buildings in Guatemala City and San Salvador

July 2015

Two office buildings have been announced, one in the Zona Rosa in San Salvador and the other in zone 15 in Guatemala City, with tenants sharing amenities in both capitals.

The Guatemalan company Calidad Inmobiliaria has announced that it will begin construction on both projects simultaneously in the third quarter of the year and they will be completed in the second half of 2017.

Looking for Legislative Seat in Costa Rica

February 2011

Banco de Costa Rica analyzes possible options for moving the seat of the Legislative National Assembly.

Originally the institution would be placed in a building located in the Zapote area, near the presidential home, but the operation was unsuccessful.

Legislative representatives said they considered a 23.5 million property, also near the presidential home, but the owner desisted in selling the property and the Bank is evaluating 8 other options.

Bulgarian join race for real estate in Panama and Costa Rica

May 2008

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.

In an interview with Efe news agency, Erna's director, Petronia Staykova, said the company had already received 10 requests for properties in Central America and the Caribbean and was lining up more clients.

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