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