Towers of apartments and a hotel in the province of Heredia, and an educational center in Cartago, are some of the works that are planned to be developed during the next months.
The interactive system "Construction in Central America", compiled by the Business Intelligence Unit at CentralAmericaData, includes an up to date list of public and private construction projects that are planned in the region.
In Costa Rica, hotels and companies in the sector are preparing themselves with expansions and new services in order to take advantage of the opportunities afforded by the new convention center.
The recent inauguration of the new convention center, with 16 thousand square meters and capacity to hold up to 5,600 people at the same time, promises to boost the country's hotel activity, particularly in the Greater Metropolitan Area.
Last year hotel and restaurant activities in Nicaragua grew by 6% compared to 2016 and added $500 million to the GDP, which represents 4% of the total production.
According to figures from the Central Bank of Nicaragua, last year the activities of hotels and restaurants "... grew by 7%, favored by an increase in the arrival of visitors from abroad and an increase in arrivals of cruise ships to the country's main ports."
The Canadian group Sunwing Travel has announced that in the second half of this year it will open a luxury hotel under the brand Planet Hollywood.
From a statement issued by Sunwing Travel Group:
February 23rd 2018. Sunwing Travel Group, North America’s largest vertically integrated travel company, has signed a deal with iconic lifestyle brand Planet Hollywood to dramatically increase the footprint of Planet Hollywood’s hotel operations globally. Initially, Planet Hollywood Beach Resort Costa Rica will open in the fall of 2018 and Planet Hollywood Resort Cancun will open in late Spring of 2019. These two properties mark Planet Hollywood’s first foray into the in-demand luxury all-inclusive category.
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.
Through an agreement with FOMILENIO II, $11 million will be allocated for the construction of three hotels and a treatment plant in the municipality of Chiltiupán.
From a statement issued by Fomilenio II:
The Alliance El Zonte signed an investment agreement with FOMILENIO II and the municipality of Chiltiupán for $10.8 million that will improve the quality of life of more than 2,000 people in the locality, avoid pollution of the El Zonte River, maintain the attractiveness of the beach area and encourage a greater influx of tourists.
A highway in Panama, a tourist center in Costa Rica and a high rise residential complex in Guatemala, are some of the projects planned for the coming months in the region.
The interactive system "Construction in Central America", compiled by the Business Intelligence Unit at CentralAmericaData, includes an up to date list of public and private construction projects that are planned in the region.
The company would be willing to charge the lodging tax in Panama if the restrictions on the rental of real estate for tourism purposes were eliminated, and if the data on property owners was protected.
These are the conditions that representatives of the property rental platform proposed to the Panamanian government to begin negotiating the possible collection of the 10% lodging tax, also paid by hotels, in order to formalize their operation in the country.
A real estate group of Honduran origin has announced that in 2019 it will start construction of a mixed project in Alajuela that will house a hotel, an office and a restaurant.
Without giving further details, representatives of Lady Lee Corporation, developer of the"City Mall"shopping center located in Alajuela, announced that in 2019 they will start earthworks to build, on a piece of land adjacent to the commercial center which is already operating, a building that will have offices, a gastronomic center and a hotel.
Plans are underway to build a 32 thousand square meter shopping center in Managua, which will house around 100 stores, restaurants and a hotel.
Representatives from Grupo Multicentro announced that in two weeks they will start construction of the shopping center called "Centro Mall", which will be located in front of the El Periodistaroundabout and will offer 100 stores, restaurants, cinemas and a hotel.
Construction entrepreneurs estimate that the execution of around 160 projects could generate 3% growth this year.
In 2014 and 2015 statistics produced by the builders' association registered drops of 11% and 2% respectively, but this year the situation could change, as they foresee that the execution of 160 public and private projects will generate a growth of up to 3% in activity.
Tailor made tourist packages, modifications in hotels, and learning the Mandarin language, are just some of the aspects that companies must work on in order to receive tourists from China.
The bilateral tourism promotion agreement signed between the governments of China and Panama, after they reestablished diplomatic relations in June 2017, involves much more than a simple framework to promote the arrival of tourists, but also contemplates the requirements that Panama must meet in order to be categorized as a country authorized to be visited by the citizens of China.
It is estimated that renting halls for events and opening up restaurants to the general public and not only to guests, represents between 15% and 40% of income for hotels in the Greater Metropolitan Area.
Hotels in the Greater Metropolitan Area are making use of these options in order to take advantage of the infrastructure available to provide services beyond renting bedrooms.
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