Barceló Chain Expands in Guatemala

Angel Rodriguez, general manager of the company, said the company's intention is to acquire an established hotel with about 200 rooms.

The expansion plan is expected to take place in no more than three years.

Prensalibre.com quoted the executive as saying, "We have been studying the market and in order to be profitable the hotel must have more than 150 rooms."

"The executive said that if this operation is consolidated it will compete with the chains Camino Real, Hotel Porta, Solely, Vista Real and Santo Domingo, who are already operating in those cities."

Source: prensalibre.com

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Panama: $1,000 million in Hotel Investments

July 2011

Marriott, Sheraton, and Hilton are some of the brands that will expand in the country.

The strong economic growth experienced by Panama is also being reflected in the tourism industry, whose investments are increasing every year.

Between this year and 2013 the major hotel chains, in some cases in conjunction with Panamanian capital and in other cases independently, are expected to build new hotels on the beaches and in the city.

Mexico Announces New Hotel in Costa Rica

July 2011

The City Express chain has announced the construction of its first establishment outside Mexico, with an investment of $7 million.

Mexico City Express operates 54 hotels in the value and business travelers segment, with three financing schemes, equity, joint ventures and franchises.

Growing Investment in the Panamanian Pacific

November 2011

In recent years, more than $300 million has been invested in the hotel sector along the coastline of Punta Chame and Rio Hato.

Employers in the hospitality industry are betting on the growth of the area, in which several hotels are already operational and several others are expected to open in the coming months.

Nicaragua: Guacalito to Generate Around 10,000 Jobs

August 2011

Grupo Pellas has estimated that this will be the number of jobs generated once the project becomes operational.

The Guacalito Tourism Project, which is being developed by the Pellas Group on Nicaragua’s Pacific beaches will be inaugurated at the end of next year, company representatives announced.