Costa Rica: $25 Million for 2 New Hotels

"Fashion Hotels", an Austrian chain, will open one of the hotels in Puerto Viejo this month and the other in Manuel Antonio in July.

Friday, April 17, 2009


The hotel that is located in Puerto Viejo is named Le Caméléon and it required an investment of $5 million. The one that is being built in Manuel Antonio is named The Ocean and it will cost $20 million.

La Nación of Costa Rica published on its website: "Fashion Hotels is a newly formed company, which chose to open its first two hotels here, while also building an establishment that will open in Jumeirah, Dubai, in December and another in Lombock, Indonesia, whose inauguration is scheduled for April 2010."

More on this topic

Nikki Beach Hotel Project in Panama

June 2009

With an investment of $60 million, the opening of the 6-star, luxury hotel with 300 rooms is planned for 2012.

The condo-hotel project developed by RG Inmobiliaria will feature a casino, a heliport, and a luxury spa, among others. It is already in the pre-sale stage.

According to, Maruquel Gálvez, Representative of RG Realty, said: "We did an architectural and engineering redesign, because when the project was launched in November 2008, we had plans for 156 rooms and it was changed at that time to 300 rooms. The redesign took over six months."

New Marriott Resort in Panama

July 2011

Situated on the Pacific, 55 kilometers from Panama City, will be the new Panama Marriott Resort Casamar, a 5 star hotel with 180 rooms in several interconnected buildings.

A press release from Marriot International reads:

Marriott Hotels & Resorts have announced plans to develop a 180-room hotel in the resort community Casamar on the Pacific coast of Panama.

Buddha-Bar Hotel & Spa Panama

May 2009

Construction of the luxury hotel is estimated at $40 million and it will begin in June of this year, with an estimated completion in 2010.

The pre-construction of the building, which will feature 90 suites, three restaurants and a spa center, has already begun. However, the official inauguration of the project will take place in June of this year.

Nikki Beach Withdraws from Panama Hotel Project

February 2011

Nikki Beach severed its ties with a condo-hotel project in Playa Blanca, in the Panamanian Pacific.

The company has initiated legal action against the local promoter, RG Panama Real Estate, said Peter Higney, director of operations, Nikki Beach Hotels & Resorts, Miami Beach.

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