Panama group part of $125 million Investment in Costa Rica resort

A group of Central American business people are building the luxury resort Dreams Las Mareas in Guanacaste, Costa Rica.

Construction started months ago and operations are expected to start in November in time for the high tourism season.

The information was confirmed by “Carlos Hernandez, general manager of Santa Elena Preserve, a group made up of Carlos Pellas of Pellas Development Group, the Costa Ricans Francis Durman – president of Grupo Montecristo and Ernesto Castegnaro – president of the board of BAC Credomatic – the Motta Group and the strategic partner , AM Resorts U.S., who will be the hotel operator.”

The new project will have 447 rooms, and “is the first in a series of investments to be made in that area. Santa Elena Preserve acquired 1,500 hectares in which it will build several projects over the next 15 years.” Reports elfinancieroct.com

” … The master plan includes investments that could exceed $1 billion, which will include tourism and urban infrastructure at the regional level,” said Hernandez.