Tuesday, October 09, 2012

Royal Decameron to invest $60 million in hotel properties

The Royal Decameron hotel group reportedly plans to invest $60 million in El Salvador hotels.   The Royal Decameron Salinitas in Sonsonante is really the only higher end beach front resort in El Salvador attracting foreign tourist dollars.   Decameron plans to expand that property as well as building a second resort in Usulutan.   In addition, the hotel group announced plans to build a hotel in San Salvador, which could be a Hard Rock Hotel, according to Royal Decameron Group president Lucio Garcia Mansilla.

This is good news for El Salvador.   The country's tourism industry has lagged its neighbors in Central America.  It is a sign of confidence in the country by a long time investor, and should bring some additional tourist dollars and jobs to a country that needs them.

1 comment:

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