More Hotels in Nicaragua

A development company has started in Rivas the construction of a 1,800 square meter hotel with 24 rooms, two meeting rooms and other amenities.

Tuesday, February 27, 2018

<span dir="ltr">Without disclosing the total amount of the investment, representatives of Gran Victoria S.A. stated that on February 1 construction started of a hotel that will be located in the center of the city of Rivas, which will have a swimming pool, restaurant and a basement.

See "Construction Projects in Central America"

Regarding the category of the hotel, project manager, María Eugenia Mejicano, explained to that " ...'The project is scheduled to conclude in 18 months, and is being built under the international parameters of a 4-star hotel, with this opening the plan is to diversify and provide better accomodation conditions, generate new jobs and accommodate large delegations visiting our city'."

See also "Central America: $766 million in Tourism Projects"

In relation to the style of construction, the article states that " ... the two-story building will exhibit all of its colonial aesthetics in its interior, but it will preserve the original façade of the old building that extends from east to west, facing the South side of Evaristo López Carazo Park in this city."

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More on this topic

Panama: Pedasi Hotel for $25 million

June 2015

The company Toscana Azuero has announced that it will build a hotel and a housing complex in Playa El Toro, in the province of Los Santos.

Complaints by the hotel industry regarding the low occupancy rates of their rooms due to an apparent excess in the number of hotels, do not seem to have affected the boost in investment in the sector, particularly in areas outside of Panama City, where the largest number of rooms is reported.

New Tourism Investments in Nicaragua

October 2011

With an investment of about $20 million the Institute of Tourism has announced the construction of two marinas in the Caribbean and a hotel in Leon.

The investments are of Italian and Spanish origin, explained the head of the Nicaraguan Institute of Tourism (Intur), Mario Salinas.

New Marriott Resort in Panama

July 2011

Situated on the Pacific, 55 kilometers from Panama City, will be the new Panama Marriott Resort Casamar, a 5 star hotel with 180 rooms in several interconnected buildings.

A press release from Marriot International reads:

Marriott Hotels & Resorts have announced plans to develop a 180-room hotel in the resort community Casamar on the Pacific coast of Panama.

Honduras: $24 Million for Los Micos Beach Project

March 2011

The touristic development, to be located in the Tela Bay, finally landed funding from 5 financial institutions.

Ficohsa, BAC Honduras, Ficensa, Guatemala's "Banco de Desarrollo Rural" and Panama's "Banco Pichincha" approved a $24 million structured credit to fund this initiative.

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