In Panama, there are plans to develop in Bocas del Toro, Chiriqui, Archipelago de las Perlas and Punta Chame, five lodging projects that seek to benefit from the Law on Incentives for Tourist Investments.
Law 122 of December 31, 2019, which dictates incentive rules for the promotion of tourist activities in the interior of the Republic, attracted projects for the country, for a total value of $371,843,971 in new tourist investments, to be built in areas with great tourist potential, informed the Presidency of Panama.
CIFI and BID Invest authorized a loan for West Report S.A. to develop, build and operate a hotel complex in Bocas del Toro.
The new hotel, which will have 118 rooms, several restaurants, a spa and other meeting places for its guests, will be operated under the brand name Viceroy Hotels and Resorts, reported CIFI.
In Panama, a bill was approved that will grant tax exemptions until 2025 to those who make investments in hotels and recreational activities.
On December 31st, President Cortizo sanctioned the bill that provides tax incentives to the tourism sector by modifying some of Law 80 of November 8th, 2012.
Because the legislation currently does not allow the collaborative hosting economy platform to operate in the country's capital, the company expressed an interest in working with the authorities to remove the ban.
For now, the platform only offers the public accommodation in the interior of the country, the most popular destinations being Bocas del Toro, Río Hato, Boquete, Chiriquí and Playa Gorgona.
The Salvadoran Corporation of Tourism tenders the works of supervision and improvements of the physical facilities of the tourist complex of the Port La Libertad.
El Salvador Government Purchase LP-09/2019:
"Improvement of the physical facilities of the Tourist Complex of the Port of La Libertad Phase 1."
Deadline for receipt of offers: November 26, 2019.
For the end of 2019, is scheduled the inauguration of Oceana Resort, a hotel complex that will offer 200 rooms and is located on the beach of Iztapa, department of Escuintla.
Oceana Resort + Conventions will be a hotel that will have a total of 22 thousand square meters of construction and will operate under the format of "all-inclusive". The building is located at kilometer 6 of the road from Iztapa to Monterrico.
Between January and July of this year, works were processed in Costa Rica equivalent to 6.05 million square meters of construction, an area that exceeds in just 2% the reported in the same period of 2018.
The report prepared by the Federal College of Engineers and Architects (CFIA) records a slight increase in the area built between January and July 2018 and the same period of 2019, going from 5.93 million m2 to 6.05 million m2.
Arguing that a complete report on the financial situation of the companies owning the development was not presented, the Costa Rican Tourism Institute decided to cancel the concession of the Monte del Barco project, in the Papagayo Tourist Pole.
Aldesa Fondos de Inversión reported that Inversiones Monte del Barco S.A. and Inversiones GODA S.A., companies owning the tourism development, were notified last July 4th, but the concessionary companies will proceed to file in time and form, the appeal for replacement or revocation before the Board of Directors of the Costa Rican Tourism Institute.
The Canyon Group plans to invest more than $200 million in the construction of its first resort in Central America, which will be on the Papagayo Peninsula in Guanacaste, Costa Rica.
Without specifying the start date of construction of the new resort, which will be part of the brand of hotels "Six Senses", the developers of the project reported that the hotel is expected to be ready in mid 2021.
Because of the delay of the Costa Rican authorities to solve the problem of water supply in the Gulf of Papagayo, developers request that the terms of the concessions granted to them to develop tourism projects in the area be extended.
The Instituto Costarricense de Turismo (ICT) has already received requests for concessions to be extended, because some of the projects that have not been completed have already consumed half of the time they were granted.
On a 21-hectare site in Sardinal, Guanacaste, a tourist complex consisting of a hotel and private residences is planned.
ML CR Continental LLC presented the Environmental Impact Study (EIA) to develop the project called "Hotel and Villas Cala del Sol", which will be made up of three hotel villas and seven private residence villas.
The document explains that the hotel villas will be one floor and will house between four and five rooms. They will have an arrival square, social area, kitchen, bathroom, covered terrace, swimming pool and electromechanical room. Residential villas will be on two levels and will have a garage and larger social areas.
Of the $91 million invested in tourism projects in El Salvador during 2018, 87% went to finance private works and 13% to public infrastructure.
The Ministry of Tourism (MITUR) reported that among the projects with private investment are works located in the Ruta de las Flores with an approximate investment of $6.27 million, in El Tunco beach with $3.8 million, in Boquerón $1.36 million and in the Ruta Fresca $1.8 million.
Mariott International, The Luxury Collection, W Hotels and Ritz-Carlton Reserve, presented to Dominican Republic authorities their plans to develop luxury tourism projects in Puerto Plata.
From the statement of the Presidency of the Dominican Republic:
December 11th, 2018. A group of foreign investors met today with President Danilo Medina and expressed their interest in transforming the country's northern coast into a luxury tourism destination.
It is expected that in the following months will be built in Bahia Ballena, Puntarenas, a terminal with 93 spaces for berthing boats of different sizes in Costa Rica.
According to the interactive information system "Construction in Central America" of CentralAmericaData, Deep Trench Developes CR Adventures S.A. presented the Environmental Impact Study (EIA) to build a terminal with 93 spaces available for berthing boats of different sizes.
The Salvadoran government approved the construction of Plaza Marinera, which will have a 10,000 m2 area and will be in La Libertad Port.
The El Salvador Ministry of Tourism (Mitur) reported that Plaza Marinera will be built within a year and the work will require an investment of approximately $5.6 million. According to the authorities, the resort is expected to receive more than one million national and international tourists per year.