InterContinental Hotels Expands in Costa Rica

The multinational company, InterContinental Hotels Group, plans to open two new resort-type hotels in Guanacaste and the Central Pacific.

Friday, May 8, 2009

The two new hotels will be the first resort-type that InterContinental Hotels Group (IHG) will open in Costa Rica. The firm already has 5 hotels, all located in San Jose.

According to Nacion.com, IHG's president in America, Jim Abrahamson, said: "The economic crisis has impacted Guanacaste, but we believe it is a short term phenomenon. The province is a good place, as is the Pacific coast, especially now with the opening of the highway (to Caldera)."

The executive also said that the dates for opening the new hotels are not yet defined.

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More on this topic

Growing Investment in the Panamanian Pacific

November 2011

In recent years, more than $300 million has been invested in the hotel sector along the coastline of Punta Chame and Rio Hato.

Employers in the hospitality industry are betting on the growth of the area, in which several hotels are already operational and several others are expected to open in the coming months.

Two New Hotels in the Barceló Group

April 2009

Costa Rica will have two new hotels from the Spanish chain, one in Jacó in late 2010 and the other in Guanacaste in 2011.

The construction of the 150-room Barceló Jacó Beach Hotel is scheduled to open in late 2010 and the 248-room Barceló Playa Azul Hotel in Guanacaste will open its doors in late 2011. They will involve investments of $64.5 million and $237 million, respectively.

Hyatt signs agreement with Aldesa from Costa Rica

December 2008

Affiliates of Global Hyatt Corporation and Aldesa Inmobiliaria have announced the signing of a management agreement for Park Hyatt Monte del Barco in Guanacaste, Costa Rica, due to open in 2012.

The 140-room resort will be located in the bay of Culebra, within the province of Guanacaste on the Pacific coast of Costa Rica, where Aldesa together with US-based resort designing company Winding Road, are developing Monte del Barco, a premier luxury lifestyle estate.

Hard Rock Hotel Panama to be built

June 2008

Hard Rock Hotel Panama, a four-star condo-hotel development with 499 rooms, has received approval to start construction. It is expected to open in 2010.

The resort will integrate contemporary architecture and leading-edge amenities that include rooms accesible to the pool, a spa, and other conveniences.

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