$57 Million in Touristic Project in Panama

It is called ‘Paseo de las Casas’, it is located in the province of Coclé and includes luxury residences and a golf course.

Tuesday, March 30, 2010

Construction of the first phase has already begun, comprising 4 apartment buildings. As for the golf course, it will feature 18 holes, and is expected to cost $18 million.

Juan Ramón Icaza, director of the project, explained that the apartment have been designed to satisfy ‘the most demanding requirements of the Panamanian market’.

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Florida Ice Withdraws from Tourism Project in Costa Rica

January 2012

The company has announced its withdrawal from the Peninsula Papagayo tourism project in the Guanacaste Province.

The company owned a "minority share" of the project.

Corporate Relations Director of Florida Ice & Farm CO. Inc. (Fifco), Gisela Sanchez, explained in a press release that: “‘In line with strategic thinking regarding controlling the projects in which the company invests, we will now have the advantage of having full control over the development of large lot in the northern sector of the Papagayo peninsula. "

Guatemala to Invest $80m in Tourist Complex

April 2011

Grupo Krea plans to have the first phase of the project ready en Playa Monterrico, Santa Rosa by the first quarter of 2012.

The Guatemalan development project consists of hotels, villas and apartments distributed over an area of twenty hectares and will be built over a period of 5 years.

Millionaire Investment Awaiting Environmental Permits

November 2009

Touristic project "Guacalito de la Isla", to be developed in 670 hectares in Nicaragua, is awaiting environmental permits.

It is being developed by Sociedad Marina de Guacalito S.A., subsidiary of Grupo Pellas, and will include 490 lots for luxury residences.

Laprensa.com.ni reports: "The environmental management plan states that 'Guacalito de la Isla' plans to invest $225 million, ...

Honduras: $250 Million Investment in Roatán

December 2009

Pristine Bay Resort, a touristic complex spanning 180 hectares, is being built in Roatán.

The project will be developed over the next 10 years, and includes a golf course designed by Pete and Perry Dye, two five star hotels and residential units.

Pablo García Salas, sales manager, told Elperiodico.com.gt: "The first phase, currently under construction, consists of 70 lots, 30 villas and 16 condos.

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