La Quinta Inks Development Agreements For Latin America
Monday February 25th, 2013 - 11:00AM H
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FAJARDO, PUERTO RICO—La Quinta is accelerating its international growth through a series of agreements with an affiliate of Grupo Santos, a Honduran organization whose affiliates include a construction and development firm.
La Quinta made the announcement at its annual brand conference here and the company expects the agreements to bring La Quinta hotels to cities in Honduras, Guatemala, Nicaragua and Panama. Grupo Santos first expects to develop a hotel of more than 100 rooms in Tegucigalpa, the capital city of Honduras. Construction is expected to begin by the summer of 2013 and a grand opening is expected in early 2014.
The agreements also call for the development of new hotels in Honduras in such cities as San Pedro Sula, Comayagua, Choluteca, and Roatan; as well as Managua, Nicaragua; Panama City, Panama; and Guatemala City, Guatemala.
Tags: • Hospitality • Ownership •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.