Spanish Consortium Invests $10 Million in Panama

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.

Monday, February 16, 2009

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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Honduras: $250 Million Investment in Roatán

December 2009

Pristine Bay Resort, a touristic complex spanning 180 hectares, is being built in Roatán.

The project will be developed over the next 10 years, and includes a golf course designed by Pete and Perry Dye, two five star hotels and residential units.

Pablo García Salas, sales manager, told "The first phase, currently under construction, consists of 70 lots, 30 villas and 16 condos.

El Salvador: Millionaire Project Awaiting Permits

September 2009

'Playa Secreta' (Secret Beach), a touristic project located in La Union's coastline is in hold, waiting for environmental permits.

The project comprises resorts, bungalows, marina, golf courses and the development of 11 hotels in the next 10 years.

"We are waiting for environmental permits. Once we have them, we will start the project", said

Panama: $14 Million in Tourism Complex

May 2009

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

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.


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