Although most activities in the country reopened at the end of August, hotel occupancy levels are still low and business people fear they will be forced to cut more jobs or close operations.
After two years of negotiations, the Terrace Hotel located in San Salvador, has become a new affiliate of the US chain Best Western.
After reaching an agreement with the Best Western corporation, which includes investment in adapting the infrastructure of the facilities, the name of the hotel has changed from Hotel Terraza to Hotel Best Western Terraza Plus.
Hilton Hotels has announced the development of nine hotel projects in the region, which together will add approximately 1,300 rooms to the hotel chain in Central America.
From a press release by Hilton Hotels:
Hilton (NYSE: HLT) announces the expansion of its Latin American footprint with new deals signed in Central America. Now, Hilton has a pipeline of nine hotels across five countries in Central America, representing five of Hilton's brands: Hilton Hotels & Resorts, Curio Collection by Hilton, DoubleTree by Hilton, Hilton Garden Inn and Hampton Inn by Hilton.
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 UrbánicaMarriott Fairfieldhotel, 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 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.
In a partnership with Central American businessmen five Park Hyatt hotels will be built in the capitals of Guatemala, Nicaragua, El Salvador and two in Honduras.
From a statement by the Hyatt Hotels Corporation:
"Hyatt Hotels Corporation today announced that a Hyatt affiliate has signed a master development plan with LATAM hotel Corp. to develop 10 Hyatt Place hotels in Central America and Mexico and that Hyatt affiliates have signed franchise agreements with LATAM hotel Corp. The five hotels are: Hyatt Place Managua in Nicaragua, Guatemala Hyatt Place in Guatemala City, Hyatt Place San Salvador in El Salvador, and the Hyatt Place San Pedro Sula and Tegucigalpa Hyatt Place in Honduras .
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