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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More on this topic

Restaurants: New Competitor in Costa Rica

December 2020

AR Holdings will invest $1.5 million in the opening of The Capital Grille restaurant on Avenida Escazu.

According to information provided by the conglomerate, the restaurant is expected to open to the public by the end of the first semester of 2021 in premises that will have an area of 470 square meters.

Changes in Restaurants' Operations

May 2020

Removing commonly used beverage dispensers, signaling establishments to ensure social distancing, and installing doors with a foot opening are some of the adaptations that restaurants will have to make to operate in the new commercial environment.

The restaurant sector has been one of the hardest hit by the covid-19 outbreak, as in most countries the authorities have prohibited these establishments from serving their customers in the table area and only allow them to sell take-out.

Restaurant Chain Plans to Invest in the Region

January 2020

The Pollo Campero chain announced that it plans to invest close to $14 million in the remodeling and installation of new restaurants in Guatemala, El Salvador and Mexico.

Company executives said that investments in Guatemala and El Salvador will reach $13 million, and in the case of Mexico, approximately $700,000 will be disbursed.

New Investment in Restaurants

June 2019

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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