Panama. - The Salvadoran Grupo AGRISAL made an investment of $28 million dollars in Panama to open a hotel, one of seven it plans to build in Central America, reported today the corporation.
The 196-room property, run by the firm Holiday Inn Express, opened its doors in the Panamanian capital's banking sector to target executives and professionals, said Roberto Simán, the CEO of AGRISAL.
This is the latest addition to Grupo AGRISAL's portfolio of hotel, commercial, real estate, and automotive investments in Central America. It already operates two hotels in El Salvador and one in Costa Rica. They are currently building a new hotel in Tegucigalpa (Honduras) and another in Managua (Nicaragua), and Simán shared plans of building one more in Guatemala and yet another in El Salvador.
"Panama is an attractive market in many sectors, and the country has much potential for growth in real estate and hotels. We see some options that interest us very much," stated Simán on his interest to invest in the isthmus.
This is Grupo AGRISAL's first investment in Panama and the second Salvadoran corporation, after Grupo Roble, to have a presence in this country.
Their focus for the moment will be on the hotel, but Simán nonetheless foresees positive prospects for Panama with the expansion of the Panama Canal underway and the maritime development it is expected to bring about.