23 November/ 2004
hotel chains consider
investing in Tela Bay
Representatives from two of Spainâ€™s largest
hotel chains will be visiting Honduras in December and January
to find out more about the Los Micos Beach & Resort tourism
complex slated for development in Tela Bay.
Both of the chains - Iberostar Hotels & Resorts and
Occidental Hotels & Resorts - are widely known throughout
Europe and the Americas. “These chains have showed an interest
and will be coming to get to know the project in December and
January,” said Tourism Minister Thierry de Pierrefeu.
Iberostar Hotels & Resorts is a division of the Iberostar
Group, one of the worldâ€™s largest hotel chain owners. The
company opened nine new establishments in 2003 for a grand total
of 74 hotels in 11 countries - Greece, Cyprus, Bulgaria,
Croatia, Turkey, Morocco, Tunisia, Cuba, Mexico and the Dominican
In 2005 Iberostar expects to open additional hotels in Salvador
de Bahía, Brazil, Montego Bay, Jamaica and Cuba.
Occidental Hotels & Resorts is another of Spainâ€™s largest
hotel chains with more than 80 hotels at 58 destinations in 13
countries throughout Europe, Africa and the Caribbean.
“These companies are coming thanks to contacts we have
made over a period of several months,” said Pierrefeu, adding
that the Punto Cana Group - a leader in hotel chains from
the Dominican Republic - has announced an initial investment
of $9 million for the first phase of the Tela project.
The Los Micos Beach & Resort complex will house eight 4-
and 5-star hotels, a 27-hole golf course, a marina, a shopping
center, restaurants, a convention center and an employee housing
area. The completed complex will have a price tag of more than
Lps. 320 million and will take seven years to complete. The first
phase is slated to begin in 2005 with $145 million in capital.