More Hotels in Guatemala City

With 76 beds, a restaurant and 146 parking spaces, the hotel Suites Terraza Imperial has opened in zone 13 of the Guatemalan capital.

Wednesday, August 22, 2018

The hotel is being promoted as an ideal establishment for business travelers and for those who visit the capital of Guatemala for medical treatments.

Elperiodico.com.gt reports that "...Terraza Imperial is a hotel with executive focus, and is luxurious, comfortable and accessible, a concept that complements the services needed for short stays for business trips or long stays for those seeking medical treatment, for example."

"... 'We seek to create a concept that unifies the needs of an audience in constant search for that extra element, that experience that leaves them wanting to return.  An offer of comfort in the city', explained Jéssica Pineda de Sharaf, general manager of Suites Terraza Imperial."

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New Hotel Investments in Central America

September 2017

Hilton Hotels has announced the development of nine hotel projects in the region, which together will add approximately 1,300 rooms to the hotel chain in Central America.

From a press release by Hilton Hotels:

Hilton (NYSE: HLT) announces the expansion of its Latin American footprint with new deals signed in Central America.

Panama: Hotel investment Moves From Capital To Interior of Country

May 2014

Tax incentives for the construction of hotels in the interior of the country are behind the increase in the number of operating permits issued since the implementation of the law in 2012.

With up to six years to start their projects, investors interested in developing hotel infrastructure in the interior of the country have until 2020 to benefit from the tax incentives which include total exemption from import tax, including transfer tax on goods and services (ITBMS), for a period of 20 years for the purchase of equipment, furniture, fittings and equipment used in the construction and equipping of the complex.

Hotel Supply Exceeds Demand In Costa Rica

February 2013

As new projects are announced, especially in the metropolitan area, the average occupancy rate decreased from 55% in 2011 to 54.1% in 2012.

Crhoy.com reports that "While the Costa Rican Chamber of Hotels (CCH) declares that there is low hotel occupancy, new projects are being drafted, primarily in the Central Valley, even though various sectors assert that demand does not justify the increased supply."

Nicaragua: Hotel Supply is Limited

September 2012

Despite the increase in supply in recent years, it is still limited in relation to the other countries of the region.

According to the Institute of Tourism (Intur), as of December 2011, there were 10,235 rooms registered in the country.

For this year the sector expects growth of between 8% and 10%, said Miguel Romero, director of the Hotel Association of Nicaragua (AHN).

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