The hotel chain InterContinental Hotels Group announced the signing of two contracts for Holiday Inn Express hotels in Managua and Tegucigalpa respectively.
In total the two properties represent an increase of 220 rooms for the Holiday Inn brand family in Latin America and the Caribbean, where there are currently 18 Holiday Inn Express hotels and 24 Holiday Inn hotels.
The Salvadoran group is building 'Plaza Tempo' in Escazu, a shopping center and office complex.
The 16.000 square meters of office complex and the 6.300 of commercial areas will be integrated into the Holiday Inn Hotel, which will open in less than a month.
"The complex will have space for 934 vehicles and the spinal cord of the project will be a pedestrian street crossing the commercial sector and ending at the five-story Office Center," reported the article in Nacion.com.
The company announced construction projects in Costa Rica, Panama and El Salvador.
In Zona Rosa, San Benito, at the Salvadoran capital, plans are to build a complex which includes a 16 floor Holiday Inn Hotel and a 4 thousand square meter commercial and office area, announced Roberto Murray Meza, President of Agrisal.
"In Panama, plans are to build a Holiday Inn in early 2011 so to be ready by mid-2012.
The group is developing a multi-use project in the Rosa region of El Salvador's capital, San Salvador.
The project is currently in its preliminary stages and comprises the construction of a hotel, mall and office complex.
Roberto Simán, Agrisal group's executive vicepresident, indicated that they do not yet have a fixed date for work to begin.
"The new development comes off the back of the Plaza Mundo expansion in El Salvador to be inaugurated on 19 October as well as the Holiday Inn soon to be opened in Costa Rica in Escazú, one of the country's fastest growing regions," reports Laprensagrafica.com.
Developer Grupo Simán will present Almacenes Simán with its completed stores at Shopping Mall Plaza Mundo.
Almacenes Simán will occupy 8.500 square meters, or 50% of the fourth phase of the mall, which is located in the municipality of Soyapango.
“Plaza Mundo’s fourth phase adds 18.000 square meters to the mall, which will then feature a total 56.000 square meters, becoming the country’s second largest shopping mall”, reported Elsalvador.com.
Agrisal is planning the construction of a new hotel, as well as extending the conventions center located at Hotel Radisson.
These projects, to be developed in the next 5 years, will be part of a large real estate complex, which includes the recently inaugurated Torre Futura.
"'... a new business hotel, probably a Holiday Inn Express', declared Ricardo Simán Siri, vice president of Grupo Agrisal.
El Salvador's tallest building, 'Torre Futura' will open its doors on December 1st, 2009.
The building is owned by Grupo Agrisal, who has already sold 100% of its retail space, and 76% of its office space, reported Claudia Campos, commercialization manager of the project.
From Elsalvador.com: "The building can be seen from many locations in the capital city.
Intercontinental Hotels Group and the Agrisal Group will invest $70 million in the construction of seven hotels over five years.
The project anticipates the opening of seven Holiday Inn hotels, beginning with one in Escazú, Costa Rica. The others will be built in Antigua (Guatemala), Tegucigalpa and San Pedro Sula (Honduras); Managua (Nicaragua), and San Salvador (El Salvador).
This is the first of seven hotels that Agrisal Group, in partnership with InterContinental Hotels Group, expects to build in Central America.
The 10,000 square meter hotel will have 163 rooms, and it is expected to start operations in 2010.
German Rivas, in his article in Laprensagrafica.com, reported statements by Eduardo Quiñónez, director of AGRISAL Group's hotel division: “It's the starting flag in our race for regional hotel leadership.
The Magazine, Architectural Digest declared that El Salvador’s Torre Futura is among some of the best designs on the planet Lplan Mclaughlin Días (KMD).
The Agrisal Group, owner of the project, in a press release said that Torre Futura at World Trade Center San Salvador is without precedence in the country.
The Agrisal Group will invest in the construction of phase four of the modern Plaza Mundo Mall located in Soyapango, in east San Salvador.
The project will represent a 50% growth in the infrastructure; it will add 56 thousand square meters of space, making the total space of the commercial center 148,000 square meters.
The expansion will add 18,000 square meters of commercial space, bring it to a total of 54,000 square meters.