Archive for January 20, 2011

Costa Rica: Hyatt Announces Plans for Hyatt Place San Jose

CHICAGO–(BUSINESS WIRE)–Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has signed an agreement with Hotelera Pinares, S. A., a subsidiary of Strategic Hospitality Investments Corporation, to manage Hyatt Place San Jose Pinares, a Hyatt Place hotel in San Jose, Costa Rica.

The new property, the second Hyatt Place under development in Latin America, will be part of Momentum Pinares, a mixed use commercial complex being developed on the east side of Costa Rica’s capital that will include an approximately 97,000 square foot office tower, a 48,000 square foot medical building, a movie theatre, and shopping mall with 75,000 square feet of retail space.

More Info: Hyatt Announces Plans for Hyatt Place San Jose Pinares, the First Hyatt Hotel in Costa Rica | Business Wire.

$55 Million for Costa Rican Airport

The Board of Directors of OPIC approved resources to support the expansion of the Juan Santamaría International Airport.
OPIC’s loan will allow a consortium led by HAS Development Corporation (HASDC) to complete the renovation of the Juan Santamaría International Airport outside San Jose.

The project includes a terminal extension for immigration and customs procedures, waiting rooms and additional parking in remote areas.

Costa Rica Real Estate Project Moves Forward Aggressively

As the New Year brings improved optimism for investors and economists predict continued financial stability around the world, infrastructure construction at one Costa Rica real estate project continues to move forward aggressively, reinforcing this renewed financial confidence.

via Costa Rica Real Estate Project Moves Forward Aggressively – American Banking News.

Costa Rica: $ 788 million for Housing Loans

State banks will allocate $ 788 million through programs for all social strata.

via Costa Rica: $ 788 million for Housing Loans – CentralAmericaData :: The Regional Business Portal.


Aloft to Debut in Panama

Extending its reach in Latin America, Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) today announced the debut of its fast-growing Aloft brand in Panama City, Panama set to open in December 2012.

More Info:

HotelExecutive.com – Newswire – Aloft to Debut in Panama.