Spanish Group Invests in Region's Hospitality

The group, known as OHL, plans to build hotel and residential complexes in Costa Rica, Panama and the Dominican Republic.

Thursday, September 3, 2009

Through alliances with hotel chains, the group has already constructed hotels and residential villas in the Mayan Riviera, and intends to replicate this scheme in the region.

The Spanish group " having talks with governments, economic and social agents, in order to jumpstart its plans", reports

More on this topic

Panama: Luxury Housing Investment

March 2013

At the end of 2012, the luxury Class A apartments accounted for 78% of the units under construction, while the Classes B and C together accounted for 22%.

According to a residential market study prepared by the firm CB Richard Ellis Global Research and Consulting (CBRE Panama), at the end of 2012, luxury apartments categorised as Class A, were the most popular in the residential market in Panama, representing 78% of the total units under construction. Meanwhile, Class B and C apartments, amounted to 22%.

$80 Million for Luxury Residential Project in Panama

August 2010

Buenaventura Group has announced details of its "Puntarena Ocean Village" luxury beach homes project.

The Puntarena Ocean Village project will be developed in the Buenaventura community in Coclé, a province of central Panama on the nation's southern coast. The first stage of construction work is expected to finish by March 2012.

$18 Million for Isla Saboga in Panama

July 2009

Grupo del Sol, GVA & Asociados and the Evergreen Institute are investing in a real estate development that includes condominiums, residences and boutique hotels.

Located 35 kilometers from Panama City, the 755 hectare Isla Saboga is part of the Las Perlas chain of islands.

Panama: Rise in Construction of Luxury Homes

November 2013

In 2013, homes priced over $120,000 accounted for 20% of all units, while in 2012 the figure was 12%.

The data were revealed by Elisa Suarez, Executive Director of the National Housing Developers Council (Convivienda).

The developers of these projects expect that by the end of 2013 they will have sold about 1,642 such homes, representing 20% ​​of the market, up 8% from last year.

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