El Salvador Sells Land for Beach Hotel

A property belonging to the Salvadoran Tourism Corporation will be offered to companies with experience in tourist oceanfront management.

Wednesday, January 16, 2013

Laprensagrafica.com reports that "The Minister of Tourism, Napoleon Duarte, presented yesterday to the Committee of the Legislative Assembly details of a proposed sale of state property in order to build a hotel."

This is a property belonging to the Salvadoran Tourism Corporation (CORSATUR) to be sold to "private investors interested in developing tourism projects".

In total there are six properties, totaling 453.8 m² which the state wants to sell to private investors with extensive experience in the operation of beach resorts, and which are currently managing at least 1,500 rooms in this type of establishment.

They are also required to have experience in tourist beach hotels in at least four countries in Latin America.

Another condition for the buyer is "a commitment to starting the project within a minimum period of four months after purchase," and that they are committed to respecting environmental standards.

More on this topic

Sale of Beach Lots in El Salvador

January 2013

The Salvadoran government is looking at ways to sell 64 hectares of state property located in the coastal zone of La Union.

According to an article in Elsalvador.com, a decree is being studied by the Salvadoran Congress which could authorize the Salvadoran Tourism Corporation (Corsatur) to sell a plot of land in El Icacal, in the coastal zone of La Union, a pristine beach with high tourism potential.

Tourism Projects in El Salvador

February 2012

In order to attract the attention of investors, entrepreneurs have created a portfolio of six major projects for tourism development.

The Association of Coastal Marine Tourist Developers (Promar in Spanish), led by renowned Salvadoran entrepreneurs, recently presented the Government with an ambitious portfolio of six mega resorts with high potential to attract investment to the country, to be run in the next 14 years, and which is valued at $2 billion.

Tenders for Tourism Development in Sherman

January 2012

The Panamanian government will announce in the coming weeks a tender for several tourist developments in the area.

The executive secretary of the Management Unit for Reverted Property (UABR in Spanish), Juan Carlos Orillac said they have already completed a development plan for the area prepared by the Spanish consulting firm C4T .

$6 Million in Touristic Projects in El Salvador

December 2009

Tourism authorities green-lighted two touristic projects: "Torre del Mirador" and "Solaris IV".

Hotel "Torre del Mirador" is the largest of the two, and will require an investment of $5 million. It is located in Colonia Escalón, and will feature 102 rooms and conventions center.

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