El Salvador is starting a housing development between subdivisions, residences and apartments, as well as commercial construction with hotels with different capacities and amenities.
CentralAmericaData's Commercial section provides an up-to-date list of public and private construction projects that have submitted Environmental Impact Assessments (EIA) to the respective institutions in each country.
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.
Adapting spaces in the restaurant area, selling themselves to tourists as a clean and safe establishment, are some of the strategies that hotel sector businessmen plan to apply in order to adjust to the new commercial reality resulting from the health emergency.
The spread of covid-19 has forced health authorities to restrict the mobility of people and to close several establishments, with hotels being one of the most affected.
Following the spread of covid-19 and the restrictions placed on people's mobility, the country's hotel sector warns that there is a risk of bankruptcy if a financial rescue plan is not implemented.
Managers of the Salvadoran Association of Small Hotels of El Salvador (Hopes) claim that hotels and the tourism sector were among the first to receive the economic impact of the crisis resulting from the health emergency, and will be among the last to recover.
Hilton Hotels & Resorts signed an agreement to open a new facility at the Captalino World Trade Center complex by mid-2020.
Hilton San Salvador will have 198 rooms, 27 meeting rooms, two ballrooms, two boardrooms and 16 meeting units. The building is located in Colonia Escalon.
A mixed-use building in Panama, a residential tower in Guatemala and a farm for growing seafood are part of the investments announced in Central America for the beginning of the year.
The interactive system "Construction in Central America", from the Trade Intelligence Unit of CentralAmericaData, includes an up-to-date list of public and private construction projects to be developed in the coming months.
A hydroelectric plant in Guatemala, a hotel in Panama and the expansion of an industrial plant in Costa Rica are part of the investments planned for the coming months in the region.
The interactive system "Construction in Central America", from the Trade Intelligence Unit of CentralAmericaData, includes the updated list of public and private construction projects that are expected to be developed, which in just that month totaled close to $1,000 in projected investment.
The expansion of a road in Panama, the construction of a tourist center in Costa Rica and an office-warehouse complex in Guatemala are part of the projects planned for the coming months in the region.
The interactive system "Construction in Central America", compiled by the Trade Intelligence Unit at CentralAmericaData, includes an up to date list of public and private construction projects that are expected to be built in the coming months.
From 11 to 13 June, more than 150 companies will be exhibiting their products and services at the Expo Hotels and Restaurants, which will be held at the Pedregal Events Centre.
Businessmen, chefs and collaborators from hotels, bars, restaurants, butchers, cafes, bakeries, supermarkets, catering service, spa, canteens and other businesses in the sector will come together to address issues related to market trends and new products.
The construction of two hotels in Costa Rica, two apartment towers in Guatemala and the expansion of an educational center in Panama are part of the projects planned for the coming months in the region.
The interactive platform "Construction in Central America", compiled by the Trade Intelligence Unit at CentralAmericaData, includes an up to date list of public and private construction projects to be built in the coming months.
In the department of La Libertad, a 4,000 square meter beach hotel is being built, which will include a restaurant for 300 people, a wedding chapel and an event center.
Hotel Acantilados, which is reportedly 85% complete, will be ready to open its doors in September of this year, according to its directors.It is located at kilometer 41.5 of the Litoral highway, in La Libertad, and the total investment amounts to $5 million.
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.
The 130-room Marriott Fairfield hotel started operations at the La Gran Vía shopping center in San Salvador.
With an investment of $17 million, the developer Urbánica opened the doors of the new Marriott Fairfield hotel.The property will focus on the business tourism segment as does the Marriott Courtyard, developed in the same area.
The International Center of Fairs and Conventions in El Salvador is looking for investors to finance construction of a four-star hotel in its facilities.
According to the president of the International Center of Fairs and Conventions (CIFCO), Cecibel Lau, meetings have already been held with three groups of international investors who may be interested in developing the hotel, including businessmen from Taiwan.