Nicaragua: Guacalito to Generate Around 10,000 Jobs

Grupo Pellas has estimated that this will be the number of jobs generated once the project becomes operational.

Monday, August 1, 2011

The Guacalito Tourism Project, which is being developed by the Pellas Group on Nicaragua’s Pacific beaches will be inaugurated at the end of next year, company representatives announced.

The construction of the project is progressing steadily, and so far over a thousand people have been employed, but it is estimated that this figure will increase as work progresses and operations start.

An article in notes: "Guacalito Island will span 1,600 acres (about 6.5 square kilometers) and cover Guacalito and Manzanillo beaches. They are currently building the first phase of the project, which includes a boutique hotel and residential areas. It also has a golf course.

During the first phase of the project investment is estimated to be about $115 million, but the total investment will be about $250 million. "

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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.

Growing Investment in the Panamanian Pacific

November 2011

In recent years, more than $300 million has been invested in the hotel sector along the coastline of Punta Chame and Rio Hato.

Employers in the hospitality industry are betting on the growth of the area, in which several hotels are already operational and several others are expected to open in the coming months.

Mexico Announces New Hotel in Costa Rica

July 2011

The City Express chain has announced the construction of its first establishment outside Mexico, with an investment of $7 million.

Mexico City Express operates 54 hotels in the value and business travelers segment, with three financing schemes, equity, joint ventures and franchises.

Bern Invests $40 Million in New Hotel in Panama

September 2010

The 200 room hotel will be developed in partnership with Westin Panama and Starwood Hotels & Resorts.

The construction of the new accommodation has already begun in the "Costa del Este" area of the Panamanian capital and is expected to finish by the end of 2012.

"Osvaldo Librizzi, Starwood president for Latin America, said that Westin Panama combined with Westin Playa Bonita will enable larger groups to be brought to Panama," reports