Restaurants: New Competitor in Costa Rica

The U.S. restaurant chain Olive Garden plans to open its first restaurant in the country in July 2020, and for 2021 and 2022 it plans to open two more points of attention.

Tuesday, November 19, 2019

The first location to be opened by the investment group AR Holdings, a member of Grupo Promerica, will be 450 square meters and will be in Escazu, and the estimated investment for this restaurant is $1.3 million.

The focus point that will open to the public in 2021 will be in the east of San Jose and the one that will begin operating in 2020 will be in Heredia. The business group forecasts that investment in these two restaurants will reach $2.6 million.

You may be interested in "Restaurants: Trends and Preferences in Guatemala"

Miguel Martínez, Vice President of Operations at AR Holdings, explained to Elfinancierocr.com that "... the Costa Rican market has developed very broad tastes in gastronomy, so they expect a great acceptance of the concept offered by Olive Garden."

Bradley Smith, senior vice president of franchising for Darden Restaurants, said that "... We are excited to expand operations in Central America and open the first restaurant in Costa Rica. We know AR Holdings' track record in the food and beverage industry, as well as retail, will help us successfully assist our customers."

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In Guatemala, U.S. chain Denny's invested $2 million to open its second restaurant in a shopping mall in the municipality of Mixco.

The restaurant chain, managed by the company of Honduran Origin Specialized Foods, began operations in the country at the end of 2017, with the opening of a store with capacity for 185 people in Zone 9 of Guatemala City.

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