As well as the recent opening of a hotel by the Marriott chain and another one by Multi-Inversiones, three more establishments will be added in the capital in the coming months.
After a few years of relative calm, the hotel market in Guatemala is starting to recover with the opening of new stores, some by brands already present in the country and some by new ones.
The Hyatt Hotel chain is planning a 120-room hotel in the city of San Jose.
The hotel to be named Hyatt Place San Jose Pinares, will be located at the Momentum Pinares shopping center, east of the city.
Developed through an agreement with Hotelera Pinares S.A. and the developer of the shopping center, Desarrolladores 506, the hotel plans to open doors in mid-2012.
Hotel chain Hyatt will administer two hotels that will be built in the banking district and the Eastern coastline.
Josep Malca, president of Inmobiliare Real Estate Development, owner of the financial district hotel, announced that construction would start on May and could be ready by 2012.
Hotel operator Hyatt will manage Andaz Papagayo, a 150-room hotel scheduled to open in 2013.
The agreement was signed between Hyatt and project developer "Hotel Playa Sombrero S.A.".
It will be located in the Gulf of Papagayo, in the province of Guanacaste, and it is the sixth Andaz hotel in the world and the first one in Latin America.
Affiliates of Global Hyatt Corporation and Aldesa Inmobiliaria have announced the signing of a management agreement for Park Hyatt Monte
del Barco in Guanacaste, Costa Rica, due to open in 2012.
The 140-room resort will be located in the bay of Culebra, within the province of Guanacaste on the Pacific coast of Costa Rica, where Aldesa together with US-based resort designing company Winding Road, are developing Monte del Barco, a premier luxury lifestyle estate.
Affiliates of Global Hyatt Corporation and Aldesa Inmobiliaria have announced the signing of a management agreement for Park Hyatt Monte
del Barco in Guanacaste, Costa Rica, due to open in 2012.
The 140-room resort will be located in the bay of Culebra, within the province of Guanacaste on the Pacific coast of Costa Rica, where Aldesa together with US-based resort designing company Winding Road, are developing Monte del Barco, a premier luxury lifestyle estate.
$1.2 billion in real estate investment have been suspended until project viability can be assured.
Several major hotel chains announced that their investment projects would be suspended for an indefinitely until the viability of the projects can be assured.
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