Sale of Beach Lots in El Salvador

The Salvadoran government is looking at ways to sell 64 hectares of state property located in the coastal zone of La Union.

Monday, January 28, 2013

According to an article in Elsalvador.com, a decree is being studied by the Salvadoran Congress which could authorize the Salvadoran Tourism Corporation (Corsatur) to sell a plot of land in El Icacal, in the coastal zone of La Union, a pristine beach with high tourism potential.

The issue still being studied by lawmakers is whether to hold an auction or use a commodatum agreement.

For Rafael Leret, former president of the Salvadoran Chamber of Tourism, selling all of the land to a single company would be wrong. "The site is appropriate for developing an ‘integrated hub’ which would be the result of planning and not the desire to benefit an investor."

"Selling the property in one lot, all 60 or so hectares would result in the building of a hotel and the remainder would be allocated to real estate", added Leret.



More on this topic

El Salvador Sells Land for Beach Hotel

January 2013

A property belonging to the Salvadoran Tourism Corporation will be offered to companies with experience in tourist oceanfront management.

Laprensagrafica.com reports that "The Minister of Tourism, Napoleon Duarte, presented yesterday to the Committee of the Legislative Assembly details of a proposed sale of state property in order to build a hotel."

Tourist Destination Clusters in El Salvador

April 2012

As part of the proposal for Fomilenio II, the government has announced several projects for creating a nucleus of attractions in various parts of the coastal zone.

Among the plans for the development program FOMILENIO II using funds from the U.S., the National Institute of Tourism is promoting the creation of tourist development as part of a strategy that aims to increase tourist visits and create more jobs for the sector.

Tourism Projects in El Salvador

February 2012

In order to attract the attention of investors, entrepreneurs have created a portfolio of six major projects for tourism development.

The Association of Coastal Marine Tourist Developers (Promar in Spanish), led by renowned Salvadoran entrepreneurs, recently presented the Government with an ambitious portfolio of six mega resorts with high potential to attract investment to the country, to be run in the next 14 years, and which is valued at $2 billion.

$6 Million in Touristic Projects in El Salvador

December 2009

Tourism authorities green-lighted two touristic projects: "Torre del Mirador" and "Solaris IV".

Hotel "Torre del Mirador" is the largest of the two, and will require an investment of $5 million. It is located in Colonia Escalón, and will feature 102 rooms and conventions center.

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