Second Stage of Los Micos Beach Starts

The banks, Ficohsa, BAC Honduras, Ficensa, Rural Development Bank in Guatemala and Panama's Banco Pichincha had already approved a syndicated loan of $24 million to finance the tourism project.

The second stage of the project involves construction of civil works, infrastructure and the acquisition of equipment for a five-star luxury hotel, said Diana Villeda, financial manager of the company developing the project.

An article in Latribuna.hn quotes Villeda as saying, "With this payment we are bringing to life the construction phase of a five-star boutique hotel which will have 60 luxury accommodations with uniquely designed to combines the natural environment of the Bay of Tela with the convenience and comfort of a five star resort, spa, playground for children and adolescents, and all the conveniences of a world class destination. "

Source: latribuna.hn

More on this topic

Honduras: More Investors in Tela Bay

October 2011

Balboa Bank & Trust, will support the Micos Beach & Golf Resort tourism project providing a loan for $2.5 million.

Diana Villeda, chief financial officer of Tela Bay Tourist Development (DTBT in Spanish) announced that an amendment will be made to the syndicated loan agreement, integrating this contribution and bringing the total credit to $26 million.

$43 Million in Second Phase of “Bahía de Tela”

May 2010

$43 million will be invested in developing the second stage of this Honduran tourism project, between July 2010 and October 2012.

The new stage comprises a 120-room, 5-star hotel and an 18-hole golf course, plus a golf club, commercial spaces, a beach club and complementary infrastructure.

Construction Starts at Bahía de Tela

January 2010

The touristic endeavor started with the construction of the first of two hotels, after the government completed basic infrastructure works.

Juan Canahuati, president of the board of project Los Micos Beach & Resort, explained that one of the hotels belongs to Westin Hotel Resorts, and the other to Conrad Hotel and Resorts.

Golf Course Underway at Bahía de Tela

September 2010

$5 million will be invested in developing a golf course in the Honduran touristic project known as “Los Micos Beach and Golf Resort”.

The 18-hole course will be designed by Gary Player, a renowned designer with over 300 golf courses around the globe, and will be funded with resources from the investors behind the group called “Desarrollo Turístico Bahía de Tela”.