Construction began on the new Lincoln Plaza shopping center, which will occupy an area of 34,000 square meters.
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.
The project includes a terminal extension for immigration and customs procedures, waiting rooms and additional parking in remote areas.
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.
State banks will allocate $ 788 million through programs for all social strata.