Hotel renovations and the opening of new establishments are planned next year in Guatemala, in a market where the occupancy rate is around 60%.
Despite the fact that the occupancy rate has not exceeded 60% in the last two years, growth of the hotel market in Guatemala continues, especially in the metropolitan area.In this location, the areas of greatest demand continue to be those near the road to El Salvador, Cayalá and the sector near La Reforma Avenue.
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.
With an investment of $48 million, three new hotels will be built in Nicaragua, adding 500 rooms.
Along with construction of the Whyndam Milagro del Mar, launched on Thursday, February 21, the 145-room Hyatt Place and a new 105 room Holiday Inn will also be built.
These investments are in addition to the Guacalito Island project, which was recently opened.
The Wyndham Milagro del Mar Resort will offer 212 rooms on the Nicaraguan Pacific coast in San Diego beach, in Villa El Carmen.
The property will be developed by HB International, and its opening is planned for next year.
This will be the first Wyndham hotel in Nicaragua and its opening is scheduled for 2014, generating nearly 300 local jobs and becoming an anchor project in the Gran Pacifica resort, covering 1,440 hectares with more than four kilometers of beach.
The real estate firm Kirebe is to build a Wyndham Garden Hotel in San Jose, Costa Rica.
The new hotel will be located in Escazú, on land adjacent to Play and EPA, and will open its doors in August, according to the plans of the property firm Kirebe, which has previously specialized in residential condominiums.
"This new Wyndham Garden Hotel will be geared towards corporate-executive tourism, a niche which has been growing in the country recently," Nacion.com was told by Alberto Orlich, Development Director at the Costa Rican company that is aiming to diversify into hotels.
The hotel will open its doors in 2014 and will have 309 rooms.
Wyndham Hotel Group, which operates the Planet Hollywood hotel brand, announced that it will be located in the financial center of the city and will be operated by the Panamanian RG Hotels.
The hotel will feature two restaurants, meeting rooms, gym, pool, spa and business center on the seafront.
With a $ 56 million investment, the new projects aim at the business market.
In the area of El Cangrejo, with a $ 10 million investment, a Howard Johnson will be built managed by Fr Consulting, who announced construction of two Hampton Inn, one on Via Argentina and another in the sector of La Boca.
"Another project in the capital city and aimed at the executive market, is the Wyndham Garden, which will begin operations in November." Says Prensa.com
On September 2010, and after a $2 million investment, the current “Centro Colón” hotel will be rebranded to “DaysInn”.
This hotel will be the first in Central America by this brand, owned by Wyndham Hotels.
Ligia Vargas, marketing manager of the current Centro Colón hotel, explained that the works were focused on renewing rooms and bathrooms and changing furniture, to adapt the hotel to the standards of the new brand.
Wyndham Hotels and Resorts formed an alliance with Grupo Mariana to develop a $30 million hotel in the Pacific coast of Nicaragua.
The $30 million, 330-room Wyndham Mariana Resort & Casino will be one of the key centerpieces of the Seaside Mariana Spa & Golf Resort, which is situated on 923 acres with over one mile of beachfront.
From the press release: “With the crucial infrastructure phase at Seaside Mariana already in motion, the addition of the Wyndham Alliance provides multiple avenues for putting further capital into the exciting Central American property market. The prospects for this strategic alliance are bright, as both sides will bring their core competencies to bear on this signature development project”.
During the II Central American Conference of Tourism and Hospitality Investments, Radisson Hotels showed interest in the country.
According to Elnuevodiario.com.ni, the Vice President of Development of the Radisson hotel chain, Edgar Garin, said: "We are looking at the region because we have seen several opportunities in Central America. I can officially say that Nicaragua looks very good." Additionally, the report said that "the executive vice president of the chain in Latin America, Julio Carvajal, stated that everything depends on relations with other local tourism 'development actors.’"