The Tourism Incentives Board has approved the granting of tax exemptions to build an airport in Guacalito de la Isla.
The airport will be built by the Corporación del Sur SA and will be located in the luxury resort of Guacalito del la Isla. The agreement approved by the Board of Tourism Incentives at the Nicaraguan Tourism Institute grants tax exemptions "... for the first stage of construction of the project, which will cost $12 million. "
An announcement has been made for the opening in 2016 of a luxury hotel with 450 rooms, of the Dreams brand, in the coastal town Buenaventura.
The firm is continuing its expansion in Panama with a luxury hotel under the brand name "Dreams Resorts & Spas" construction in the hotel zone of Buenaventura.
"The hotel will be located in a community of luxury villas and high-level resorts located just minutes from Rio Hato International Airport.
A group of Central American business people are building the luxury resort Dreams Las Mareas in Guanacaste, Costa Rica.
Operations are expected to start in November at the luxury resort Dreams Las Mareas in Guanacaste, whose construction started months ago having been set up by a group of businessmen in the region, using an investment of $125 million.
The Pellas Group has submitted environmental studies for the construction of an international airport in the tourist area of Tola, with an estimated cost of $7 million.
Corporación del Sur S.A., a subsidiary of Pellas Development Group, has started the process of applying for a permit for the construction of an international airport in Tola. The estimated investment for this new project is $7.1 million, although it is not known when construction would start.
A long list of hotel investments are coming; 45 new hotels and $945 million in investment between 2012 and 2015.
Without reaching the levels of the pre-crisis boom of 2008, investment in the sector has rebounded registering $945 million in 45 new hotels from 2012 to 2015.
One example is the Sheraton hotel with an investment of $40 million which began operations this month in Escazú, and another brand that is to open is Andaz Papagayo which is opening in Guanacaste in December after an investment of $70 million. Similarly, other projects have opened their doors in the last year, while others plan to do so from between now and up until the end of 2015.