Projects in Panamanian Pacific Coast Reactivated
Tourism projects which stalled due to the 2008 crisis, have retaken momentum.
Wednesday, February 23, 2011
Among the projects is Casa Mar, a $ 15 million residential complex, currently on its first phase.
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.
A property belonging to the Salvadoran Tourism Corporation will be offered to companies with experience in tourist oceanfront management.
The announcement of the construction of a new 151-room hotel in the resort Reserva Conchal Cabo Velas, Santa Cruz, confirms the recovery of the tourism sector in the country.
The Government of Panama sold for $19 million a plot of land measuring 17 acres in Punta Batele to a company associated with London Regional.
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