Tourism Projects in El Salvador

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

Tuesday, February 14, 2012

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.

ElMundo.com.sv reported that "these works of a coastal-marine nature include hotels, restaurants and apartment complexes in different parts of the country."

Of all the proposed projects, the most strategic is the construction of a regional airport with connections in La Union. "This project would trigger logistics development in the area, and would facilitate connections between Nicaragua and Honduras to international markets," said Mark Guirola, president of Promar.

More on this topic

New Tourist Resort Announced in Costa Rica

April 2014

The developer of the Golfito Marina Village & Resort project in the southern part of Costa Rica, plans to begin construction in June.

The group Hacienda El Dorado has announced the development of a new residential resort, hotel and marina in the Golfito area, which includes a deep-water marina with 130 moorings for yachts, condominium residences, a luxury hotel and spa.

Nicaragua: Restart of Hotel Project Announced

November 2012

In light of a better investment climate, construction has resumed of the luxury oceanfront condominium project, after becoming stalled two years ago.

Milagro del Mar was designed to create an exclusive community within the Gran Pacífica, with 122 condominiums, 20 villas, swimming pools with waterfalls and a pool by the ocean, a gym, a restaurant and a convenience store.

Luxury Homes on Panamanian Beaches

September 2012

Demand for luxury properties in Panamanian coastal areas has grown and it is not unusual to end up paying up to $1,800 per square meter.

Residential projects, depending on their proximity to the beach and how well esteemed the area is, in many cases can exceed a million dollars.

Businessmen Ask for Better Investment Climate

April 2012

Reduced paperwork, standardized municipal tax rates and improved infrastructure are the things being demanded by the private sector in El Salvador in order to develop projects like Fomilenio II.

Representatives of government and the Association of Coastal Marine Tourism Developers (Promar) held a meeting this week in which Promar presented its portfolio of projects for the development program Fomilenio II.

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