New luxury hotel project announced in Panama
Orient-Express Hotels and The Related Group have formed an alliance to develop projects in Panama.
Thursday, July 10, 2008
The hotel chain Orient Express Hotels Ltd. owns and administers 55 luxury hotels in 25 countries, and The Related Group is an important real estate developer in the United States. They will jointly develop hotels and residential projects in Panama, Colombia and Miami.
A group of Central American business people are building the luxury resort Dreams Las Mareas in Guanacaste, Costa Rica.
Hotel chain Hyatt will administer two hotels that will be built in the banking district and the Eastern coastline.
Construction of the luxury hotel is estimated at $40 million and it will begin in June of this year, with an estimated completion in 2010.
With an investment of 50 million dollars, the developer Revat Group is building the luxury hotel Buddha Bar in Panama.
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