Colombian Hotel Chain Invests in Central America

The Colombian Decameron Group is expanding its investments in Latin America in 2012, including the opening of two hotels in Costa Rica and one in Panama.

Monday, March 5, 2012

In Costa Rica, Decameron will open this year a 330-room Royal Decameron Irazu in San Jose, and one in Jaco Beach, with 130 rooms.

"In April, they will open the first Hard Rock hotel in Central and South America, which will be located in Panama and will have 1,463 rooms. Peru will also gain its first 300-room Royal Decameron Resort, where the group already runs two hotels from its Radisson brand," reads an article on Portafolio.co.

The new hotels are part of the group’s international expansion plans, which foresees the opening of 6 branches in different countries during the first half of 2012, and the launching of a further 9 projects in the second half of the year, among them the expansion of its Senegal hotel and the Islander in San Andres.

More on this topic

Decameron Comes to Costa Rica

April 2012

The Colombian hotel chain has announced its entry into the Costa Rican market with the opening of two hotels.

According to a publication in the Colombian newspaper, El Tiempo, the openings will be in the first half of this year in San Jose and Jaco.

Ximena Gomez, sales manager of the chain, without disclosing the amount of investment, said that the establishments will be called Royal Decameron Irazu (330 rooms) and Decameron Jacó Beach (130 rooms).

Royal Decameron Announces Investments in El Salvador

September 2012

After issuing certificates for $45 million, the group has announced the expansion of hotel Decameron Salinitas, and the construction of two new establishments.

The proceeds from the securitization will fund 75% of the $60 million required for the projects announced, which will be the collateral for the certificates issued.

Panama: RIU Playa Blanca to Open in April 2014

January 2014

The Spanish hotel chain is preparing to open the all-inclusive RIU Playa Blanca in April this year.

This April, the RIU hotel chain will open its first hotel in Panama, the all inclusive RIU Playa Blanca. The new resort will feature 573 rooms, restaurants, five bars, a disco, three swimming pools, a fitness center, and conference room, among other things.

Wyndham Hotel Group to Open Hotel in Nicaragua

February 2013

The Wyndham Milagro del Mar Resort will offer 212 rooms on the Nicaraguan Pacific coast in San Diego beach, in Villa El Carmen.

The property will be developed by HB International, and its opening is planned for next year.

This will be the first Wyndham hotel in Nicaragua and its opening is scheduled for 2014, generating nearly 300 local jobs and becoming an anchor project in the Gran Pacifica resort, covering 1,440 hectares with more than four kilometers of beach.

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