The Paradisus Papagayo Bay Resort & Luxury Villa’s under construction in Costa Rica on stabilization of operations would operate as a profitable business, with net income of 35.3% of total revenue.
A report by a swiss capital company, SunVesta Inc., published by the United States Securities and Exchange Commission (SEC) reports on the details and progress of the $190 million tourist resort that the firm is developing in the Gulf of Papagayo in Guanacaste, Costa Rica.
Paradisus Resorts, Sol Melia ‘s luxury all-inclusive hotel brand has announced the construction of a new hotel in Bahia Papagayo, Guanacaste.
The new hotel, to be called "Paradisus Papagayo Bay", has been incorporated under management contract and is part of the expansion of the brand, which includes the opening of two resorts in Playa del Carmen, Mexico, in November 2011. The expansion aims to consolidate Paradisus Resorts as a leader in the luxury all-inclusive market segment.
The company is currently installing two new stores in the resort Hotel Paradisus Playa Conchal in Guanacaste.
The economic crisis has indeed caused a decline in the arrival of tourists to the Hotel Paradisus Playa Conchal resort, but the General Manager of Café Britt, Pablo Vargas, is “convinced that once the crisis ends the harvest from the current investments will bring better fruits,” according to Elfinancierocr.com.
In a conference held in Barcelona, the Vice-minister of Tourism indicated that Panama continues growing and needs to expand its hotel offerings.
In the conference, "Why Panama? - Keys to Investing in the Tourism and Hotelier Sector of a Growing Country," Vice-minister of Tourism, Carl-Fredrik Nordström, emphasized the advantages of Panama as a tourist center and an investment destination.
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