In Panama, there are plans to develop in Bocas del Toro, Chiriqui, Archipelago de las Perlas and Punta Chame, five lodging projects that seek to benefit from the Law on Incentives for Tourist Investments.
Law 122 of December 31, 2019, which dictates incentive rules for the promotion of tourist activities in the interior of the Republic, attracted projects for the country, for a total value of $371,843,971 in new tourist investments, to be built in areas with great tourist potential, informed the Presidency of Panama.
CIFI and BID Invest authorized a loan for West Report S.A. to develop, build and operate a hotel complex in Bocas del Toro.
The new hotel, which will have 118 rooms, several restaurants, a spa and other meeting places for its guests, will be operated under the brand name Viceroy Hotels and Resorts, reported CIFI.
The Canyon Group plans to invest more than $200 million in the construction of its first resort in Central America, which will be on the Papagayo Peninsula in Guanacaste, Costa Rica.
Without specifying the start date of construction of the new resort, which will be part of the brand of hotels "Six Senses", the developers of the project reported that the hotel is expected to be ready in mid 2021.
Mariott International, The Luxury Collection, W Hotels and Ritz-Carlton Reserve, presented to Dominican Republic authorities their plans to develop luxury tourism projects in Puerto Plata.
From the statement of the Presidency of the Dominican Republic:
December 11th, 2018. A group of foreign investors met today with President Danilo Medina and expressed their interest in transforming the country's northern coast into a luxury tourism destination.
A development company has started in Rivas the construction of a 1,800 square meter hotel with 24 rooms, two meeting rooms and other amenities.
Without disclosing the total amount of the investment, representatives of Gran Victoria S.A. stated that on February 1 construction started of a hotel that will be located in the center of the city of Rivas, which will have a swimming pool, restaurant and a basement.
The plan is to build a tourist resort that includes residences, a hotel, and a marina with capacity for 400 boats, in an area of 55 hectares in Chame, province of Panama.
Data from the Interactive System"Central American Construction Projects", complied by the Business Intelligence Unit at CentralAmericaData, indicates that Portones del Mar S.A.
$320 million is the value of investments in hotel projects in the touristic development pole Gulf of Papagayo that have failed to start due to lack of water.
Unable to present a letter of guarantee of water resources, 11 tourism development projects planned for the Gulf of Papagayo in Guanacaste, have failed to start.Lack of water is a problem that has affected the development of the area for years.
In partnership with Cayalá Group the Marriott International chain has announced for 2018 a 160 room hotel in Guatemala City and another hotel with 115 rooms in the Cuidad Cayalá complex in zone 16.
The hotel to be built in Guatemala City will have 160 rooms and will operate under the brand Marriott Hotel, while the second hotel will have 115 rooms and will be of the brand AC Hotel.Both facilities will be built by Cayalá Group and operated by Marriott International Corporation.
Urbánica announced the construction this year of a 130-room Marriott Fairfield hotel in downtown La Gran Vía, and plans to start operations in 2017.
The real estate developer announced the construction of the Urbánica Marriott Fairfield hotel, located in the shopping center La Gran Vía in San Salvador, for an investment of approximately $17 million. The property will focus on the business tourism segment as does the Marriott Courtyard, developed in the same area.
An environmental impact study has been submitted in Costa Rica for a 14,000 square meter hotel development in the touristic region of the Gulf of Papagayo, Guanacaste.
In the environmental impact assessment (EIA) for the "DP6 Papagayo Project", filed with the National Environmental Technical Secretariat in July 2015 by Hoteleras Playa Pochote S.A., it is indicated that the hotel tourism development will have a maximum of 318 rooms.
The company Toscana Azuero has announced that it will build a hotel and a housing complex in Playa El Toro, in the province of Los Santos.
Complaints by the hotel industry regarding the low occupancy rates of their rooms due to an apparent excess in the number of hotels, do not seem to have affected the boost in investment in the sector, particularly in areas outside of Panama City, where the largest number of rooms is reported.
An announcement has been made that this year will see the start of construction of a hotel and condos on the Pacific coast in the municipality of Tola, Rivas department.
The project which will be developed in an area of 55 blocks in Sardinas Beach already has an environmental permit and was ready to continue with the process when the indigenous community of the area began a process against it.
In the Gulf of Papagayo the government of Costa Rica has already granted 35 areas in concession, which occupy almost 90% of the total area to be developed.
At the moment nine resorts are operating, three are under construction and it is expected that design plans for two more will be submitted this year.
Three hotels are expected to start operations during 2015: the Paradisus Papagayo Bay Resort, with an investment of $90 million, the Marriott Papagayo, with $67 million and the Wyndham Resort Papagayo YU, with $22 million. Authorities in the Gulf of Papagayo Tourist Pole pointed out that besides the three projects formal presentation of the designs and the start of procedures to build a hotel and a residential complex is also awaited.
An announcement has been made for the 2016 opening of a Fairfield hotel by Marriott, a 130-room hotel in San Salvador, situated next to La Gran Via shopping center.
From a statement by Marriott International:
Marriott International has announced its plans to open a hotel with 130 rooms under the Fairfield by Marriott brand in El Salvador. The hotel will be located next to La Gran Via shopping center and close to companies such as Xerox, Citibank, the World Bank, Bayers and Siemens. The hotel will serve as an excellent accommodation choice for frequent business travelers. The hotel will be developed by Dueñas Hermanos Ltda. And managed by Marriott International under a long-term agreement.
The industry is looking to regain ground in the country with the expansion of four chains of hotels by the end of 2016.
La Quinta Inns & Suites, Hyatt, Four Seasons and Marriott hotels are to be added to the supply in the Guatemalan market. Zone 10, Quetzaltenango and Antigua are some of the locations that will host these projects.
Peter Duchez, director of the Guatemalan Institute of Tourism (INGUAT) told elperiodico.com.gt that "...