$ 45 Million Tourism Investment in Panama

Four companies look to invest in the construction of a tourist project in the district of La Chorrera.

Tuesday, November 23, 2010

The project includes construction of a cable car which crosses a waterfall known as El Chorro, a hotel and a residential area.

District mayor, Javier Herrera, said two U.S. and two Venezuelan companies have already conducted inspections in the area.

"One of the two Venezuelan companies is already taking steps to purchase 60 hectares of private land near the banks of Caimito River , with the intention of building a hotel and residences," the mayor told Prensa.com.

More on this topic

$40 million Residential Development Announced

May 2017

In 20 thousand square meter plot of land in San Juan del Sur, Nicaragua, construction works have started on a luxury residential complex composed of villas, apartments, commercial area and other amenities.

The project will require a total investment of $40 million and will be developed in two stages, said Horacio Argüello Lacayo, president of the Santa Maria group, at the launch event. The first stage to be developed includes the construction of eight residential villas, three apartment buildings, a shopping area and a club house. Works are expected to be completed by 2020. 

El Salvador: 500 Home Residential Complex

October 2015

Grupo Roble has announced its Sierra Verde project in the municipality of Santo Tomas, where it will be building 500 homes valued from $80,000 to $100,000.

An article on Prensa.com reports that "... The project will occupy an area of ​​28 blocks, of which only 14 will be developed, the rest will be preserved.

More Backing for Investment in the Nicaraguan Pacific

January 2013

The tourism developer Gran Pacifica is planning to complete the Gran Pacifica villa with 300 homes, hotels and condominiums, golf courses and parks, according to the master plan for investment.

Laprensa.com.ni reports that "Leveraging the signs of recovery shown in some of the world’s economies, which seem to have withstood the roughest stage of the global crisis, the tourism developer Gran Pacifica is expanding its growth targets toward agribusiness, energy generation and mining, without abandoning its goal of consolidating residential tourism. "

Florida Ice Withdraws from Tourism Project in Costa Rica

January 2012

The company has announced its withdrawal from the Peninsula Papagayo tourism project in the Guanacaste Province.

The company owned a "minority share" of the project.

Corporate Relations Director of Florida Ice & Farm CO. Inc. (Fifco), Gisela Sanchez, explained in a press release that: “‘In line with strategic thinking regarding controlling the projects in which the company invests, we will now have the advantage of having full control over the development of large lot in the northern sector of the Papagayo peninsula. "

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