Tuesday, June 30, 2009

Costa Rica Hotels

SALVADORAN GROUP TO INVEST $15 MILLION IN HOTEL IN ESCAZÚ, June 5, 2009

The Salvadoran business group, Agrisal, will invest close to $15 million in Costa Rica on the construction of its first hotel outside of its own country.

Eduardo Quiñónez, director of Agrisol’s hotel division, reported that the hotel will operate under the Holiday Inn chain and will be located in Escazú Costa Rica, “very close to the CIMA hospital.” He failed to give the exact
location in Costa Rica.

“We undertook a thorough analysis and came to the conclusion that Costa Rica provided the best conditions for our first hotel outside of El Salvador. You have done an extraordinary job in positioning the country for tourism,” he stated.

He remarked that the first block will be laid in September, with the goal of opening its doors at the end of 2010. Its construction will generate up to 300 direct jobs and a little more than 150 permanent employees when it opens.

Agrisol’s arrival to the country did not happen alone. The Salvadoran group joined up with the InterContinental Hotels Group chain (IHG), which currently has four hotels in San José.
The agreement with IHG was signed in 2007, not only to open the Holiday Inn in Escazú, but also for another six hotels throughout Central America.

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