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Latin America Investment News on Viva Tropical

Pacific Coast of Panama Attracts $28 Million in Hotel Investments

Article Summary:

The pacific beaches of Panama continue to attract investment in tourism, with a recent investment of $28 millon by the Spanish company R & R International, who are developing three hotels in the Rio Hato, Coronado area of Panama.

Photo Credit: Prensa

Original Article Text From Prensa via Google Translate :

Invest $ 28 million in three hotels
Pacific beaches continue to attract investment in tourism. The company R & R International, national and Spanish capital, develop three hotels in the area with an investment of 28 million.

Last week, the company opened the Hotel Ibiza Playa Crown Chic Hotels, located in San Carlos.

In this project, 108 rooms, the company invested about $ 10 million.

The company is building two hotels in Coronado and Rio Hato, which combined have 235 rooms.

Robert Rollo, chairman of Ibiza real estate group, said the three hotels would generate 250 jobs and noted that staff will be in the areas of San Carlos, Coronado and Anton.

R & I International operates in Panama since 2008 and is focused on hotel and residential sectors. This firm is part of Grupo Rollo, who was born in Spain in 1973. Now based in Panama, the company has plans to expand to other countries such as Colombia, Peru, Ecuador and Chile.

Link to Original Article:

From Prensa

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