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.
An apartment building in Guatemala, an educational center in Panama and a tourist complex in Costa Rica, are part of the projects that are planned to be developed in 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 constructionprojects that are planned to be built soon.
Although Costa Rica has a good image abroad, businessmen in the tourism sector with investment plans face long and complex procedures in public institutions.
Businessmen from the hotel sector believe that the growth rate of the construction of tourist infrastructure would be higher if the procedures in institutions such as the National Environmental Technical Secretariat (Setena), the Costa Rican Institute of Electricity and municipalities were speeded up.
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.
An environmental impact study has been submitted for construction of a treatment and curative care center in a hot springs area in La Fortuna, Alajuela.
Data from the interactive platform "Construction in Central America" compiled by the Business Intelligence Unit at CentralAmericaData indicates that Ganadera Manoa de la Fortuna S.A. submitted an Environmental Impact Study (EIA) in August to the Setena to develop, in the district of La Fortuna, province of Alajuela, a medical tourism project.
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:
The first phase of the Golfito Marina Village & Resort project, in Puntarenas, includes 50 berths, a fuel pier and parking for 26 vehicles.
Elfinancierocr.com reports that "...This first phase includes 50 berths: 14 for 40-foot boats, 8 for 40-foot yachts, 25 for yachts measuring 60 to 90 feet, 2 for 140-foot megayachts and 1 berth for a gigayacht."
In the Gulf of Papagayo the government of Costa Rica has already granted 35 areas in concession, which occupy almost 90% of the total area to be developed.
At the moment nine resorts are operating, three are under construction and it is expected that design plans for two more will be submitted this year.
An environmental impact study has been presented for a development, estimated at $400 million, which consists of 3 hotels, a golf course and 34 residential buildings on the Pacific coast, province of Puntarenas.
The company LAKE HILLE Y A S.A. has submitted to the Environmental Technical Secretariat of Costa Rica (Setena) an Environmental Impact Study to build a resort called "Punta Loros" in a beach touristic area 45 minutes away from San José, located in Tarcoles Garabito de Puntarenas.
An announcement has been made of the 2015 opening of a hotel complex containing 151 rooms by Wyndham Resort Papagayo Yu, in Playa Panama, Guanacaste.
From a statement issued by the Wyndham Hotel Group:
Wyndham Hotel Group, with approximately 7,540 hotels and which is part of Wyndham Worldwide Corporation, announced today the signing of a franchise agreement for the first resort in Costa Rica of the luxury brand Wyndham Hotels and Resorts, the Wyndham Resort Papagayo Yu in Guanacaste.
In Costa Rica the investors of Altara El Tucano Trust rejected a proposal for refinancing, leading to the subsequent execution of the guarantee and possible sale.
After having created a trust to issue debt of $7 million to buy the hotel, the group of investors rejected the option to suspend the execution of the guarantee, which uses as collateral the hotel, valued in an appraisal made in July 2012, at $16.5 million.
Go Blue Central America is an interactive map to share with the rest of the world the uniquiness and authenticity of the marine and coastal areas of Central America.
The U.S. Agency for International Development (USAID) and National Geographic (NatGeo) presented "Go Blue Central America", an interactive map on the internet designed to promote tourism in the Isthmus.
The Ministries of Tourism in Central America have announced their intention to form a regional strategy to promote tourist destinations in the isthmus.
Reinforcing some intentions expressed in previous ministerial meetings, the government sector is proposing offering tourists the region "in one trip."
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