The plan is to invest $4 million in the first stage of a tourist complex of 22 blocks, including a residential area, a hotel, two club houses and a restaurant, 5 km from San Juan del Sur, in Nicaragua.
Southern Coastal Properties, founded with US capital, is the developer of the project and its president, Joshua Taylor, told Elnuevodiario.com.ni that "... The resort identified with the name Cala Azul, spans 22 acres of land located about 5 kilometers north of the resort town of San Juan del Sur, and includes a residential area, hotel, two club houses and a restaurant. "
Investments include an airfield in Tola, residences in Sardina beach and modernization work in the ports of San Jorge and San Juan del Sur.
Investments totaling $43 million, are distributed with $20 million for the residential project in beach Sardina, $12 million for the airport in Costa Esmeralda, $8 million to modernize the port San Jorge and San Juan, with the remaining funds being used in other related works.
A commercial and residential building and five apartment towers is what two companies plan to build in the form of a tourist resort in Punta Leona, on the Central Pacific coast.
Leumi Group has announced plans to build five apartment towers, both for holiday rentals and for sales. Meanwhile, Nisa de lPacifico is running a tourist, commercial and residential development, both investments are in one of the areas of greatest tourist development in the district of Tarcoles, Garabito, Puntarenas.
The phenomenon is concentrated on the Pacific coast in Guanacaste with buyers mainly being foreigners and locals from the upper middle class.
The area of Tamarindo in Guanacaste's Gold Coast leads sales in 2014 in the real estate market in Costa Rica, helped by the increasing preference of investors for enclosed coastal districts, first class tourist infrastructure with beaches near to Liberia International Airport, and legal certainty for investment in properties.
The developer of the Golfito Marina Village & Resort project in the southern part of Costa Rica, plans to begin construction in June.
The group Hacienda El Dorado has announced the development of a new residential resort, hotel and marina in the Golfito area, which includes a deep-water marina with 130 moorings for yachts, condominium residences, a luxury hotel and spa.
The growth experienced in real estate development in the Pacific coast of Panama has not been tightly regulated.
Capital.com.pa reports: "... at the most recent construction fair, Capac Expo 2013 there were presentations of 36 projects in the Pacific area corresponding to the category of second homes or country housing units with access to beaches." Of these projects, 80% are located between Punta Chame and San Carlos and they don't include hotels.
During the first six months of the year 1.32 million visitors entered the country, while in the same period of 2012 it was 1.28 million.
The result is in line with the behavior of the international industry, as globally there was growth on average of about 4% between January and June, said Ruben Pacheco, president of the Costa Rican Chamber of Hotels (CCH).
Renting homes for a few days as an alternative to traditional hotel accommodation for tourists, is a growing trend all over the world and Panama is no exception.
In Panama City, the phenomenon is also being driven by the widespread availability of apartments built and purchased as an opportunity to gain profit from resale, which the current market stagnation has left unoccupied.
Nicaragua and the rest of Central American countries are betting on this new type of tourism to attract significant tourism investment.
Even though he doesn't know it, Michael Altschul is a model "resident tourist." Like others before him, his recent retirement to Nicaragua meant building a house in a luxury development. But far from isolating himself to the private confines of the Gran Pacifica with its golf courses, hotel, restaurants, pools and other starred services, Altschul has taken up the task of improving the quality of life of the inhabitants of Villa del Carmen, the small rural settlement which surrounds his development.
Luxury travel used to mean butler service at a four-star hotel. Today, it’s owning a condo or a golf villa by the sea.
Despite an ongoing debate about the benefits and pitfalls of residential tourism, Central American governments are modifying their fiscal-incentives laws to regulate and grant residential tourism projects the same breaks given to traditional tourism investments and operations. Tax incentives ensure that the massive capital being invested in luxury accommodations and services throughout the region continue flowing. These accommodations include hotels within residential developments, whether they be urban condominiums, or residences near marinas or golf resorts.
Hospitality and tourism division of Empresas Bern, a Panamanian company with 30 years of experience in real estate development, construction and sales.
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Comercialization of Urbanization
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We are specialized in Residential and Commercial Real Estate Development and in the Hospitality and Tourism Industry. We provide integral support to investors and projects. Our market share is 71% +
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