In November, the Honduran Tourism Institute will hand the completed infrastructure of the public-private venture.
With a $15 million investment, Honduras government developed the project's infrastructure, including paving, water supply, sewerage and the sanitation system.
"According to the Honduran Tourism Institute, it would be Hilton, through its Westin brand, the company operating 'Bahía de Tela' (Tela Bay).
After a $15 million investment, the hotel will be inaugurated in San Pedro Sula in September.
The 110-room project aims to lead the recovery for Central American business tourism, reported Héctor Santos, from "Desarrollos Monumentales", owner of the franchise.
Santos told Laprensahn.com that business tourism was "... the most affected by the global financial recession and the national political crisis".
After renewing its restaurants and social areas, the hotel has now invested $17.5 million since 2006 in the country.
It has tripled its capacity for hosting events, as it now has 20 halls, allowing 1.200 people, remarked Regina Araúz, hotel vice president.
"Investments include 5 new restaurants, reparation of the building's facade, the Business Center, new kitchens and cold rooms", reports newspaper La Estrella.
With an investment of $60 million, the opening of the 6-star, luxury hotel with 300 rooms is planned for 2012.
The condo-hotel project developed by RG Inmobiliaria will feature a casino, a heliport, and a luxury spa, among others. It is already in the pre-sale stage.
According to Prensa.com, Maruquel Gálvez, Representative of RG Realty, said: "We did an architectural and engineering redesign, because when the project was launched in November 2008, we had plans for 156 rooms and it was changed at that time to 300 rooms. The redesign took over six months."
Construction of the luxury hotel is estimated at $40 million and it will begin in June of this year, with an estimated completion in 2010.
The pre-construction of the building, which will feature 90 suites, three restaurants and a spa center, has already begun. However, the official inauguration of the project will take place in June of this year.
Hilton Hotels Corporation will open 4 hotels under its Hilton, Embassy Suites, DoubleTree and Hilton Garden Inn brands in Panama.
The 351-room Hilton Panama Hotel is scheduled to open in 2011 and it will be directly operated by Hilton Hotels Corporation. Embassy Suites by Hilton Panama City will also be operated by the Corporation and it will have 306 rooms. They also hope to open this hotel in 2011.
Its promoters claim that the decline in the pace of sales is not too much and that they have already sold 80% of the 1,010-unit project.
Its opening is planned for August 2010. To date, some 90 thousand square meters have been constructed, 35% of the 265 thousand in total.
Commercial director Rosella Violi informed Prensa.com: "The building has allocated 80% of its sales and the customers have been from United States, Venezuela, Colombia and Europe for the most part."
During the II Central American Conference of Tourism and Hospitality Investments, Radisson Hotels showed interest in the country.
According to Elnuevodiario.com.ni, the Vice President of Development of the Radisson hotel chain, Edgar Garin, said: "We are looking at the region because we have seen several opportunities in Central America. I can officially say that Nicaragua looks very good." Additionally, the report said that "the executive vice president of the chain in Latin America, Julio Carvajal, stated that everything depends on relations with other local tourism 'development actors.’"
The project La Reunion Golf Club, in Antigua, will be inaugurated next March 28, with the opening of its golf course.
The complex covers 1.384 hectares, and will include 950 lots, villas and residences when completed. The project will also include a luxury hotel, an ecological boutique hotel, a spa, an observatory and a cultural center.
Roberto Roesch, co-developer, reports in a press release: "La Reunion will be the first Guatemalan foray into the touristic golf business. We hope to put Guatemala on the map as a world class golf destination, to attract both golfers and tourists to the resort".
The real estate project "Avenida Escazú", to be launched in July includes the Residence Inn hotel, an area for movie theaters, shops and offices.
The Residence Inn hotel will open its doors in April with 100 rooms. In July, the first phase of the project, which includes several shops and 13 thousand square meters of office space, will be inaugurated.
Two tourism projects, one on the beach and another on the mountains, are being built in Chalatenango and Usulután.
The projects have a total investment of $45 million and are being developed by entrepreneur Jose Ramon Barahona from El Salvador along with US investors. They consist of a golf and fishing club in Usulután and a mountain tourism project in Chalatenango which would begin to operate in late 2010 or early 2011.
Foreign and local business executives will invest such amount in the construction and renovation of hotels and other tourist projects, reported Intur.
Terra.com reports: "One of the projects is the expansion of the hotel Pacific Turtle Resort & Spa, located in the seaside resort of San Juan del Sur in the Nicaraguan Pacific, where the investment will be $17 million.
They built administrative offices, a conference center, a business center and a lounge bar and remodeled several areas.
The Holiday Inn has an occupancy rate of around 72% of its rooms, "which is very good, because we are a business hotel, and that percentage indicates that there are vacancies only on the weekends and that during the rest of the week we are almost full," commented the Hotel's general manager, Marcos Orantes.
The Reunión Antigua Golf Resort will open its doors to the public next January. The investment is coming from Guatemalans.
The Antigua Golf Resort offers an 18 hole golf course, a luxury apartment complex, a 35 suite hotel, and they expect the Hilton chain to build another hotel complex, Waldorf Astoria with 100 rooms, in the short term.
The resort is located in Sacatepéquez, next to Escuintla and five kilometers from the Los Volcanes racetrack.
Real Hotels & Resorts (RHR) is planning to double in size over the next two years.
The new projects, which should all be completed at the end of the next year, are spread over Central America from San Pedro Sula (Honduras), to the expansion of the Real Quality Hotel (Airport) in El Salvador, to a new project - Club Tower - annexed to the Real InterContinental Hotel in Escazu, San Jose (Costa Rica).