Punta Leona will have a new real estate project, a condo-hotel type that is being developed by the Gordienko Family.
The construction of phase one, made up of 60 units, will begin in October at a cost of $5 million.
Limoncito, the name of the development, will have a total of 348 suites with prices start at $200 thousand and penthouses starting at $1 million.
The international hotel chain Marriott is expanding into Panama, and will spend 40 million dollars on a 300-room hotel in Panama City.
Edward Fuller, president and executive director of the region for Mariott International, said the project will be part of their luxury brand Renaissance.
The project will have two towers: the first will be the hotel ana up to 150 apartments, while the second is to be reserved for offices.
Works projects are about 15 percent completed on the tourist development of Bahía de Tela, on the Caribbean coast of Honduras.
So far the project managers have spent about five million dollars (98 million lempiras) on the mixed public-private project. Total cost is estimated to be 133 million dollars.
Bahía de Tela will have two five-star hotels each with 150 rooms, with an option of 40 condominiums, 250 residential villas, and an 18-hole golf course.
Hard Rock Hotel Panama, a four-star condo-hotel development with 499 rooms, has received approval to start construction. It is expected to open in 2010.
The resort will integrate contemporary architecture and leading-edge amenities that include rooms accesible to the pool, a spa, and other conveniences.
Given the extreme shortage of hotel rooms in Panama, the time is ideal for the project, which will bring investment and jobs to the beaches of the Pacific coast.
Costa Rica-based real-estate developer the Zeta Group has completed construction of its US$100 million Jacó Bay Ramada condominium project on Costa Rica's Pacific Coast.
The project consists of 266 condominiums, a hotel and a shopping area. Zeta has already sold 100 of the condominiums and the new owners will be able to begin to move in from next month. Work on Jacó Bay Ramada began in June of last year on a 3.5-hectare site.
El Salvador's Grupo Poma is to step up investments in Honduras by its hotels (Real) and malls (Roble) divisions, the company's managing director, Alberto Poma, announced.
Poma was visiting Honduras to promote Costa Real & Resort Villas, a new residential tourism complex on El Salvador's Pacific Coast that aims to attract Honduran buyers.
The hotels division of the El Salvador-based conglomerate Grupo Agrisal spends to invest US$70 million in Central America over the next seven years, the division's chief executive Eduardo Quiñónez said.
Projects highlighted by Quiñónez include the construction of a hotel in San Salvador's Zona Rosa and a refurbishment and expansion to mark the 50th anniversary of the Hotel Radisson.