Central America: $766 million in Tourism Projects

In the past 12 months, 78 environmental impact studies were submitted to develop hotels, marinas, clubs and beach residences in Central American countries.

Wednesday, September 20, 2017

Data from the interactive platform "Construction in Central America", compiled by the Business Intelligence Unit at CentralAmericaData:  

Panama is the country with the largest concentration of investment, with about $600 million in tourism construction projects, corresponding to 37 environmental impact studies submitted between July 2016 and June 2017. The projects include construction of the hotel and marina project "Portones del Mar Yacht Club & Resort" in the province of Panama, and the "Porto Caribe" residential building in Colón.

In Costa Rica, 31 EIAs were submitted, which together amount to an approximate investment of $122 millionThe constructions that stand out are the mixed projects "Carara Bay" and "Tangara Village Limón", in the provinces of Puntarenas and Limón, respectively. 

In Honduras two studies were presented for the construction of tourist infrastructure. The projects require an estimated investment of $18 million, and highlights include the development of the "Courtyard Marriott Río Piedras" hotel to be built in San Pedro Sula.

In Guatemala an EIA was processed to build a tourism project with an estimated investment of $9 million.

In Nicaragua two studies for two projects were processed, in which the expected investment amount is $9 million, while in El Salvador 5 EIAs were processed, envisaging a total investment of $2 million.

The 78 studies presented included various types of tourism projects, including hotels, beach clubs, marinas, and vertical and horizontal residential projects in tourist areas, among others. 

CentralAmericaData provides information about construction projects planned in all Central American countries, with details such as estimated investment amount, project times and phases, materials and equipment that will be required during and after construction, water treatment, and parking structure, among other things.

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More on this topic

$200 Million Investment in Tourism Announced

June 2019

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.

Costa Rica: $38 million Touristic Residential Complex

August 2017

Plans are underway to build a residential complex that will include a club house, hotel and other amenities in the vicinity of Jacó, in the Central Pacific.

Data from the interactive platform "Construction in Central America" complied by the Business Intelligence Unit at CentralAmericaData shows that, Marina Carara Limitada submitted an Environmental Impact Study (EIA) in May in order to develop, in the district of Tarcoles, a residential project with several amenities.

Marina and Tourist Resort for $275 million

April 2017

The plan is to build a tourist resort that includes residences, a hotel, and a marina with capacity for 400 boats, in an area of ​​55 hectares in Chame, province of Panama.

Data from the Interactive System "Central American Construction Projects", complied by the Business Intelligence Unit at CentralAmericaData, indicates that Portones del Mar S.A.

$175 million Resort

November 2015

A plan is being made to develop residential buildings and a 614 room hotel complex in a 25 acres area ​​in the touristic area of ​​Rio Hato, Panama.

The promoter of the project, Agro Playa Blanca SA, detailed in the Environmental Impact Assessment (EIA) submitted to the Ministry of Environment, that the development will be called "Agro Playa Blanca Phase II", and will be built in Rio Hato, district of Antón, province of Cocle.

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