Interstate Hotels & Resorts to operate Luxury Hotel in Costa Rica
The company will administer the $70 million "Jade Condo Hotel Residences & Beach Club" project.
Monday, January 26, 2009
The 190 residence and 50 villa project is being developed by Space Source Inc. which plans to begin construction in the spring of 2009 and to inaugurate it in 2010.
In a transaction whose amount was not disclosed, the U.S. company Gencom acquired the majority of the share capital of the hotel complex Peninsula Papagayo Resort in Guanacaste.
The developer of the Golfito Marina Village & Resort project in the southern part of Costa Rica, plans to begin construction in June.
A property belonging to the Salvadoran Tourism Corporation will be offered to companies with experience in tourist oceanfront management.
Hard Rock Hotel Panama, a four-star condo-hotel development with 499 rooms, has received approval to start construction. It is expected to open in 2010.
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