Sheraton Hotel will open in the city of Escazú next week

Sheraton Hotels & Resorts

The owner of the Sheraton Hotel, GHL Hotels reported that June 13 be the inauguration of this resort and business located on Highway 27, adjacent to the Mall Multiplaza in Escazú, San José.

This Hotel initially was speculation that it would work under the Sonesta brand, as we reported in this blog, however the Centre decided to change the name to Sheraton, which belongs to the company Starwood Hotels.

GHL, Jonathan Raineu, company President told the EF Agency on another occasion this hosting Center has a value of $40 million, the same 172 rooms, 3 bars, 2 restaurants and a casino of 1500 square meters inside. The casino is now operating 24 hours a day

The Sheraton Escazú hotel will generate employment for 300 people directly and indirectly, it will involve 900.

With the rise of the congresses of businesses that are carried out in Costa Rica, the Sheraton allocated 1000 sqm for business meetings and jointly a bar-restaurant which has a swimming pool, and a panoramic view on the roof of the hotel.

According to Raineu, Sheraton offers a Center coming to Costa Rica to fill a gap in the offer for tourists on business, or professionals who are concentrated in the capital for entrepreneurial diligences.

The Sheraton hotel chain has 500 centers hosting around the world; GHL received the representation of the company in Costa Rica, Panama, Colombia and Ecuador.

In Costa Rica is also planned the opening of other hotels as City Express, in the region of Cariari, Heredia, also in Park Inn Hotel close to Paseo Colón in San Jose and Hyatt Place in Curridabat.

In the region of Escazú is also located worldwide recognition as a sustainable hotel Holiday Inn, the Courtyard Marriott and Intercontinental Hotel, where also many conferences are held.

Posted by Costa Developers

China signs agreement with Costa Rica for $500 million

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China and Costa Rica have been strengthening relations about two years ago.

The President of China Xi Jinping proposed to Costa Rica a program of cooperation, donations and loans that reach an amount of 500 million dollars.

During a visit to Costa Rica, the Chinese President and the President Laura Chinchilla signed agreements on Monday morning.

On other occasions has been said that China is one of the Governments that has most contributed to Costa Rica, and with this agreement was established as the maximum welfare.

One of the most ambitious projects that will support China, is on the road from route 32 (San Jose-Limon) financing by $ 400 million.

In the case of this road the credit will be provided by the Export Bank of China (EXIMBANK).

This same bank in the same way state banks will offer a credit of 100 million dollars for the rotation of loans to businesses and individuals seeking to renew the fleet of their companies by vehicles using clean, such as gas or electricity energy.

One of the unions most benefited will be public transport, which has 12,000 taxis and some 4,000 buses. The loan conditions that entrepreneurs need to buy Chinese vehicles, but that may be where they prefer.

China, also promoted a loan to facilitate the purchase of 5000 solar panels that produce electricity, this amount would be 30 million dollars.

Within the donations were delivered 8 400 computers for public schools students, and 800 who were teachers.

La Costa Rican cooperative dairy Dos Pinos, also signed an agreement to make this company the first export of its products to cities such as Beijing and Chingqping, and the State of Canton.

Another of export products will be pork; comprising all the sanitary and veterinary protocols this increases the offer of Costa Rican meat in the Chinese market.

Costa Rican authorities also wanted to emphasize that there are no conditions for receiving multi-million-dollar cooperation since the Asian country.

Posted by Costa Developers

Delta Announces flight from Minneapolis to San Jose

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Delta is one of the airlines that have imposed flights since the company AVIANCA-TACA put an end to some of its connections to Costa Rica.

Delta Airlines, one of the most important Airlines with a large presence in Latin America, and the United States announced that it will operate a temporary flight, during the periods from December 21 to 29 March (holiday high season), from Minneapolis to the Juan Santa Maria International Airport.

This new route will be operated by Boeing 757 aircraft, with capacity for 180 passengers and that as mentioned above, will begin to operate from the month of December, day 2.

Route which will implement Delta Airlines temporarily, consists of a non-stop flight from the city of Minneapolis to the airport Juan Santa Maria. This flight comes a part of routes already existing company between Costa Rica and the United States.

The new route of Delta Airlines already is ready to be bought by internet, recalling that flights will begin to operate from the month of December.

TACA-AVIANCA eliminated five direct flights and laid off more than 260 employees from its operations in the country.

Costa Rica Tourism Chamber estimated that the country could lose some 7,000 tourists each month due to the cancellation of routes

the Minister of tourism of Costa Rica, Allan Flores, commented on the new decision of Delta Airlines. "There are some of these routes that already they won't be operated by Avianca, which have been taken by other airlines as it is the case of Delta Airlines that starting from July 1, San Jose - Los Angeles will operate the route".

Despite the problems that may cause the airline AVIANCA-TACA decision already measures are taken to avoid these situations will continue in the future.

Costa Rica receives approximately two million tourists a year, many of them are from the United States, and so the inclusion of new routes promotes the arrival of Americans in the country and from other countries that use United States as transit country.

Posted by Costa Developers

Do not allow the housing bubble affect your investment: opt for fractional properties

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Opportunities offered by Costa Developers to get a fractional ownership will help you avoid being affected by the real estate bubble. 

The property prices have increased in Costa Rica, many experts speak of a possible bubble in the country, according to some foreign prices of properties in Escazú, Heredia and other regions of the country are similar to those found in cities like New York or California.

The crisis that hit the United States in 2008 certainly had an impact on Costa Rica, and this has affected the prices of properties nationwide.

One of the most expensive places for investment in properties today is the province of Guanacaste, where the housing bubble has limited capital for investment and the recovery of this key area.

In a study by El Financiero, the REALTORS said that there is still in the country a great speculation and generation of much higher prices than the reality and the chord to the market.

In San Rafael de Escazu, for example-is averaging less $150 square meter (m²) and the highest $1,750. In Lindora, range from $500 to the $1,800, while in Santa Ana Center the range is between $100 and $500.

"There are long runner casual to all seeking is a high income and, therefore, recommend to the owners of the properties sell at unreasonable prices.”The result: properties that are not sold", argued Aleyda Bonilla, Executive Director of the Chamber.

Meanwhile the Costa Rican Chamber of real estate brokers indicated that although brokers lowered their prices in order to recover the market, informal intermediaries are still speculating.

The possibilities offered by Costa Developers to acquire a property of one million dollars at a fraction of that, avoids engaging in market price speculations.

The company specialized in the marketing of properties in the Central Pacific region offers the possibility for you to acquire a property in a region where your property will increase in value and will be an investment for your future.

Posted by Costa Developers

Enjoy Costa Rica during the spring break

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During the spring break, thousands of young people and their families travel around the world to take advantage of the break of the universities

Costa Rica tourism industry prepares for the spring break 2013 season, the period of recess for universities and many departing to vacation during this time around the world, certainly thousands of tourists choose to Costa Rica as the perfect destination for holidays.

With an influx of 2 million tourists a year, hotels, lodging facilities and other places of accommodation and adventure are prepared for the arrival of hundreds of tourists during this period.

During the month of March and April, the climate of Central American paradise stays warm, one of the hottest periods of the year, perfect for adventure activities like canopy, horseback riding, visit the beaches, mountains and national parks that are kept open waiting for visitors.

Many people take advantage of this holiday season to take a look at the industry of real estate in the country. Family holidays are ideal to consult professionals along the coasts and mountains are your best choice to continue vacationing in paradise.

Coast Developers offers an opportunity for investment and fun that you may not pass. Once or twice a year to visit Costa Rica, stay in their own home with a value of $ 1 million, with total assistance and comfort at a fraction of the price.

The Central Pacific region is one of the most visited and tourism of Costa Rica, in its surrounding areas are great attractions as Manuel Antonio National Park, the marina Los Sueños Resort, restaurants of high luxury, local, own the region's trade and adventure in the air such as cataracts, hiking and more.

Brake spring holidays are ideal for fall for Costa Rica and think about property investment roots, you will not pay more lodging and you can visit the country wherever you want!

Posted by Costa Developers

Costa Rica!!! Paradise of The Rich and Famous!!!

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Real estate market in Costa Rica will keep growing

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Expert analysts and international media profiles real estate in Costa Rica will continue to rise.

A stable economy could yield him fruits to Costa Rica in the goods market roots, experts predict that there will be an increase in real estate sales in what has been a market slow, it would however approximate a wave of sales.

"After a successful close in 2012, this year (2013) seems to be a great start with houses of Costa Rica to draw attention to the Web sites of real roots throughout the country, $200,000-$ 450,000 of points of sale at the price," advises The Tico Times, a newspaper in English language in Costa Rica.

"The market is definitely gaining steam," noted Chris Simmons, broker/owner of Remax Ocean Surf Realty in Tamarindo. "Sales in the last year were higher than in the three previous years combined. They are selling properties that have been for 2 years without tenders and there is a growing urgency in the market."

The positive side was that more foreign investors are owners of their property for what the country did not see the same disastrous situation of foreclosure who experienced the United States and other global markets where the properties were heavily mortgaged. As a result, the recovery has been less complicated that in economies that are overwhelmed by the high housing debt.

The increase in sales seems to be due to several factors. The stabilization of the housing market in the United States is having a positive impact in Costa Rica, and condominium sales. Thus, tourist arrivals constantly increased in Costa Rica from 2010 so more potential buyers have the possibility of knowing firsthand the market in Costa Rica.

According to the Tico Times, "people around the world want to buy properties in Costa Rica. The Americans who come to visit and fall in love with the country and South Americans trying to protect their fortunes of questionable Government policies in their own countries are foreign property investor’s most common roots.

To these groups can now add a class newly empowered and ambitious young professionals in Costa Rica and the emerging Russian and European investors. Together, these groups form a demand of changing market of real roots of Costa Rica.

Posted by Costa Developers