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.
For the end of 2019, is scheduled the inauguration of Oceana Resort, a hotel complex that will offer 200 rooms and is located on the beach of Iztapa, department of Escuintla.
Oceana Resort + Conventions will be a hotel that will have a total of 22 thousand square meters of construction and will operate under the format of "all-inclusive". The building is located at kilometer 6 of the road from Iztapa to Monterrico.
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.
On a 21-hectare site in Sardinal, Guanacaste, a tourist complex consisting of a hotel and private residences is planned.
ML CR Continental LLC presented the Environmental Impact Study (EIA) to develop the project called "Hotel and Villas Cala del Sol", which will be made up of three hotel villas and seven private residence villas.
The document explains that the hotel villas will be one floor and will house between four and five rooms. They will have an arrival square, social area, kitchen, bathroom, covered terrace, swimming pool and electromechanical room. Residential villas will be on two levels and will have a garage and larger social areas.
In the coming months, it is planned to build in Alajuela, Costa Rica, a real estate complex consisting of a hotel, an office building and a commercial area.
Inversiones Andino S.A. presented the Environmental Impact Study (EIA) to develop the project called "City Towers Alajuela", which will have a construction area of 26 thousand square meters.
Construction has started in Tola of a mixed tourist complex estimated at $20 million which includes 12 houses, a four-story tower with 18 apartments and a commercial area.
Travis and Lucas Boychuk, promoters of the tourism project that will be located in Gavilán beach, reported that for the tourism development called "Surf Ranch Hotel & Resort-Emerald Coast Popoyo", they will be building condominiums, apartments, restaurants, an events center, commercial premises, swimming pools, a spa, casino, gym and other amenities.
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.
In Costa Rica, plans are underway to build a touristic resort in Bahía Ballena, Puntarenas, that will feature a hotel, town house style residences and apartment towers.
Data from the interactive platform "Construction in Central America" compiled by the Business Intelligence Unit at CentralAmericaData shows that the company Un Paseo Al Mar LLC LTDA , submitted an Environmental Impact Study (EIA) to the Setena in October to develop, in the district of Bahia Ballena, province of Puntarenas, a tourism project that will have a hotel, housing and apartment towers.
Businessmen from the Panamanian tourist sector welcome the arrival of Air China flights in March 2018, but consider it will be a challenge to attract a type of tourist that seems to prefer very different destinations than those offered by Central America.
In a region which for many years has specialized in serving North American tourists and more recently Europeans, preparing to provide the attention demanded by tourists from China will be a challenge, according to the Panamanian tourism entrepreneurs themselves.
In the past 12 months, 78 environmental impact studies were submitted to develop hotels, marinas, clubs and beach residences in Central American countries.
Data from the interactive platform "Construction in Central America", compiled by the Business Intelligence Unit at CentralAmericaData:
Plans are underway to build a residential complex that will include a club house, hotel and other amenities in the vicinity of Jacó, in the Central Pacific.
Data from the interactive platform "Construction in Central America" complied by the Business Intelligence Unit at CentralAmericaData shows that, Marina Carara Limitada submitted an Environmental Impact Study (EIA) in May in order to develop, in the district of Tarcoles, a residential project with several amenities.
The construction project planned in Limon, Costa Rica, is a mixed development that will include a four-star hotel, condos and commercial spaces.
The report "Construction Projects in Central America",prepared by the Business Intelligence Unit at CentralAmericaData.com, indicates that the developer Tangara Development Group S.A.
The union of private companies is preparing a plan for promoting tourism development in San Juan del Sur and Tola, where more than $130 million has already been invested.
The area of San Juan del Sur and Tola, Rivas, has all the characteristics needed to become a tourist destination, but basic infrastructure in the area needs to be improved along with conditions to attract more foreign investment.
An Environmental Impact Study has been presented for the construction in Guanacaste, Costa Rica, of a residential, touristic and commercial resort called Cabo Velas which is estimated at $746 million.
The Environmental Impact Assessment (EIA) submitted to the National Environmental Technical Secretariat in November 2015 by Amanda Tierra SA, indicates that development called "project for residential, tourist and commercial development, Cabo Velas", and will be located in the Tempate district in Santa Cruz, Province of Guanacaste.