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Costa Rica Hospitality: Strong Demand

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More foreign hotel operators are setting up in Costa Rica, but strong demand will help the country's real estate sector continue growing.

BY CHRONICLE STAFF

Despite growing prices and infrastructure challenges, Costa Rica is the hottest hospitality property market in Latin America today, experts say.

"From a resort perspective, clearly Costa Rica," says Scott Berman, a principal at PricewaterhouseCoopers, when asked to name the hottest real estate market in Latin America.

Shannon Robertson, managing director of the Latin America operations for Jones Lang LaSalle, agrees. "Costa Rica is the...flavor of the day," he says. "There are some real problems infrastructure-wise, but because of the brand name among Americans, it's got a lot of momentum."

INFLUX OF HOTELS

Costa Rica has recently seen an influx of new hotel projects ranging from Hilton and Inter-Continental to a Steven Case resort, especially in the popular Guanacaste region. Costa Rica has gone from a few major hotels five years...



Keywords: Crowne Plaza, Doubletree, Ernst & Young, Guanacaste, Hilton Hotels, Inter-Continental Hotels, Marriott International, Occidental, Riu Hotels & Resorts, San Jose, St. Regis Resort

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