Investments Announced in Hotels in Guatemala

The industry is looking to regain ground in the country with the expansion of four chains of hotels by the end of 2016.

Monday, November 3, 2014

La Quinta Inns & Suites, Hyatt, Four Seasons and Marriott hotels are to be added to the supply in the Guatemalan market. Zone 10, Quetzaltenango and Antigua are some of the locations that will host these projects.

Peter Duchez, director of the Guatemalan Institute of Tourism (INGUAT) told that "... There is $350 million in investment in the tourism sector, but he did not specify details. Local representatives of the chains are constant contact for registration, which includes among other things, endorsing the number of stars the establishment has and rates. "

"... The INGUAT estimated investment of over $100 million which could increase by between 1500 and 2500 the actual number of rooms available in the country, which stands at 15,000 in total."

More on this topic

El Salvador: $36 million for New Hotel

September 2014

Latam Hotel Corporation will build and operate, beggining in 2016, a Hyatt Place hotel with 140 rooms in the Cascadas shopping center in San Salvador.

From a statement issued by the Agency for Investment Promotion and Export El Salvador (Proesa):

With an investment of more than USD 36 million, the Government of El Salvador in conjunction with Latam Hotel Corporation has laid the first stone where the Hyatt Place San Salvador hotel will be built.

Panama: $30 million Hotel Project

August 2013

Situated on the Azuero Peninsula, the Cubitá Boutique Resort & Spa hotel comprises of 100 luxury rooms, a convention center, a shopping mall and a residential area.

From an article published by Grupo Cubitá:

On October 12, 2013 a new chapter will be written in the history of the Azuero Peninsula with the official opening of the acclaimed Cubitá Boutique Resort & Spa, the first project of its kind in the Republic of Panama.

Another Investment by Riu Hotels in Panama

November 2012

With an investment of $67 million the Spanish chain Riu Hotels & Resorts will build a beach resort in the district of Rio Hato, Cocle Province.

The 520 room hotel under the name Riu Playa Blanca, will be the second in Panama owned by the chain, after having opened the Rui Plaza in 2010 which has 645 rooms in the capital.

Future JW Marriott Golf & Beach Resort in Panama

September 2012

Marriott International has announced plans to convert the hotel Bristol Buenaventura in Panama into the first resort and the first hotel under their brand name in Panama.

Marriott International has announced plans to convert the hotel Bristol Buenaventura in Panama into the premier resort and premier hotel under their brand name in the country, according to a statement from the chain.

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