The Hotel Investment OutlookMonday, August 17, 2009 The latest comments about the world outlook for the Hospitality Industry as presented by ALIS Summer Update As Jeff Higley (Editor-in Chief of Hotel and Motel Management Magazine) said in his “Twitter” page on June 2, the IREFAC (Industry Real Estate Financing Advisory Council) guys are the pulse of the industry. But, as he also noted, “…the IREFAC panel says the only way to get a phone call from your lender these days is to not make a payment. Hotel Real Internacontinental expands in Costa RicaTuesday, July 22, 2008 Hotel Real Intercontinental will open its new 40-million-dollar Torre Club Internacional in San José, Costa Rica on August 15. The complex is composed of eight floors and will operate as a club and tower for exclusive guests. It will have 98 guest rooms, including 15 suites. Real Hotels & Resorts expands in Central AmericaTuesday, September 23, 2008 Real Hotels & Resorts (RHR) is planning to double in size over the next two years. The new projects, which should all be completed at the end of the next year, are spread over Central America from San Pedro Sula (Honduras), to the expansion of the Real Quality Hotel (Airport) in El Salvador, to a new project - Club Tower - annexed to the Real InterContinental Hotel in Escazu, San Jose (Costa Rica). Costa Rica: Marriott Hotels with New OwnersThursday, March 30, 2017 CPG Real Estate, based in New York, and the Costa Rican Enjoy Group have acquired the Marriott Los Suenos and Marriott Belen, which until recently were owned by Grupo Cuestamoras. In a transaction whose amount was not disclosed, the hotel group Enjoy Group and real estate investment firm CPG Real Estate, which owns several hotels in Costa Rica and other countries, announced the purchase of two hotels that were previously in the hands of a company whose main shareholder was Cuestamoras Group. Intercontinental Invests $5 Million in TechnologyMonday, September 21, 2009 Real Hotels & Resorts announced state-of-the-art technology upgrades for all its hotels in Central America. Sound-proof meeting rooms, 25 giant screens for video conferences, and high-speed internet services are some of the innovations to be developed. Nikki Beach Hotel Project in PanamaThursday, June 4, 2009 With an investment of $60 million, the opening of the 6-star, luxury hotel with 300 rooms is planned for 2012. The condo-hotel project developed by RG Inmobiliaria will feature a casino, a heliport, and a luxury spa, among others. It is already in the pre-sale stage. Palma Real (Royal Palm) announces investment on the coast of HondurasWednesday, August 27, 2008 The "Key View Hotel and Condominiums" project, located in La Ceiba, includes a condominium tower and a five star hotel. The company in charge of the construction is Inmobiliaria Turística del Caribe, which has more than 10 years of experience in this type of work. Nicaragua Selected to Host CATHIE in 2009Tuesday, August 26, 2008 It was announced that the Central America Tourism & Hotel Investment Exchange will be held March 24-26, 2009, in Managua, Nicaragua. Hosted by BHN, CATHIE focuses on the hotel and tourism investment opportunities in the rapidly growing Central America region. The Foreign Investment Advisory Service (FIAS) of The World Bank Group is supporting the event, and all seven Central American countries (Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama) have been invited to become patrons of CATHIE. Last year’s inaugural event in Guatemala City, Guatemala, welcomed nearly 250 hotel and tourism industry leaders eager to network and learn about hotel investment opportunities in Central America. Panama: $50 Million in Two Hyatt HotelsMonday, April 26, 2010 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. Total investment in this project sums $22 million. 7 Star Development in the Caribbean in PanamaWednesday, June 19, 2013 With the brand name 'Six Senses' promoters from Costa Rica have announced an initial investment of $40 million in the Caribbean coast of Panama. The site chosen for the construction of the property is a collection of beaches located north of the province of Chiriqui, on land whose domain registration and subsequent sale to developers has been controversial. Choice Hotels Plans Expansion in NicaraguaMonday, January 24, 2011 The hotel chain is looking for independent hotels in need of a commercial alliance with an international brand. Development and strategy director of Real Hotels and Resorts, Rodolfo Guillioli, has held meetings with owners or representatives of hotels in the country, offering them to become part of one of the four brands of Choice Hotels: Sleep Inn, Comfort, Quality and Clarion. Upcoming Tourism Center in Sherman, PanamaFriday, February 26, 2010 Consulting company C4T Tourism Business & Planning will develop a master plan for touristic development in the former Sherman military base. Liriola Pittí, from the Economy Ministry, informed that once the study is ready they will proceed to market and promote it. Courtyard Hotel Inaugurated in PanamaTuesday, June 14, 2011 Grupo Poma have invested more than 5 million to build 120-room hotel. In order to expand options for business travelers and tourism in the city of Panama, Real Hotels and Resorts chain, a subsidiary of Grupo Poma in Central America, will open this month the second hotel by the Marriott chain in the country. Club Tower and gran Spa added to the Real Inter-Continental Hotel in Costa RicaFriday, September 19, 2008 The new Club Tower and Spa, the biggest in the region, are now the main feature in the new image of the Real Inter-Continental Hotel & Club Tower Costa Rica. Prominent designers contributed to make the new Real Inter-Continental Hotel a site of comfort and pleasure. New "Camino Real" Hotel in GuatemalaThursday, November 12, 2009 Corporation Camino Real inaugurated its "Camino Real Antigua" hotel, in the historic center of Guatemala City. With this new hotel, the corporation now has 10 hotels in the region, three in Belize and seven in Guatemala. |
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