New Hotel Investments in Costa Rica

With a $ 20 million investment, the Hospiteum Corporation will operate two City Express brand hotels.

Monday, February 7, 2011

Scheduled to open in late 2011, the first one will be located in Cariari, Heredia. The other unit still does not have a specific location but would begin operations in mid-2012.

"El Financiero learned that Meridian Group – owner of Oficentro in Escazú-has requested permits for a 14-story hotel."

The president of Enjoy Group, Ruben Pacheco, owner of Hilton Doubletree Puntarenas and Hilton Papagayo, told the newspaper that they are in the process before the Transportation and Public Works Ministry of requesting permits for another Hilton in San Rafael of Alajuela.

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Nicaragua: Guacalito to Generate Around 10,000 Jobs

August 2011

Grupo Pellas has estimated that this will be the number of jobs generated once the project becomes operational.

The Guacalito Tourism Project, which is being developed by the Pellas Group on Nicaragua’s Pacific beaches will be inaugurated at the end of next year, company representatives announced.

Panama: $1,000 million in Hotel Investments

July 2011

Marriott, Sheraton, and Hilton are some of the brands that will expand in the country.

The strong economic growth experienced by Panama is also being reflected in the tourism industry, whose investments are increasing every year.

Between this year and 2013 the major hotel chains, in some cases in conjunction with Panamanian capital and in other cases independently, are expected to build new hotels on the beaches and in the city.

Mexico Announces New Hotel in Costa Rica

July 2011

The City Express chain has announced the construction of its first establishment outside Mexico, with an investment of $7 million.

Mexico City Express operates 54 hotels in the value and business travelers segment, with three financing schemes, equity, joint ventures and franchises.

Intercontinental Plans New Hotel in El Salvador

April 2011

The hotel chain is considering a new multi-purpose complex in El Salvador, to be developed together with Grupo Agrisal.

Álvaro Diago, Latin America's representative for Intercontinental Hotels Group (IHG), acknowledged that the country has vast potential for developing new hotels, but it requires more country marketing.

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