Panama: $14 Million in Tourism Complex

The construction of Condo Hotel Ibiza Corona Beach tourism development will have 12 floors and it will begin in late 2009 or January 2010.

Thursday, May 28, 2009

The hotel project, to be built in the district of San Carlos, will occupy an area of 1,500 square meters, where a 12-story apartment building will be built and apartments will be sold at an initial value of $84,720. In addition, the complex will have a beach club, a conference hall, restaurants and a sports center.

According to, "Eynar González, marketing and advertising director for R&R International (project manager), said that most of the jobs that the project will generate in construction, maintenance and security will be awarded to residents of the area."

More on this topic

Two New Hotels in San Pedro Sula

September 2013

Construction has started of a 100-room Marriott Courtyard and work will soon begin on a Hyatt Place which will have 120 rooms.

The information was released by Epaminondas Marinakys, president of the Chamber of Tourism of Honduras (CANATURH), who explained that Marriott is building its project in the area of ​​Rio de Piedras in San Pedro Sula.

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.

Riu Hotel Chain Invests $150 million

July 2009

Spain-based Rui Hotels & Resorts will open in November a 701 room hotel in Playa Matapalo, Guanacaste, Costa Rica.

Rui's first hotel in the country uses 5% of a 380 acres terrain, the same lot where a second hotel will be built in the medium term, this one under the Palace brand.

Spanish Consortium Invests $10 Million in Panama

February 2009

The Spanish group, Rentability & Investment International, will build a housing and tourist project, Ibiza Beach Crown/Condo Hotel, directed to the middle-class on the Pacific coast.

Roberto Rollón, president of the group, informed "The apartments, of one or two bedrooms, will be able to be rented for short periods to maintain them active all year long and, thus, they wil be able to contribute to the payment of the mortgage loan of the owners. "With this, it is intended that all medium-income Panamanians can have an apartment at the beach."

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