According to STR's June 2016 Pipeline Report for Central and South America, over 66,352 hotel rooms in 417 projects Under Contract in the Central/South America region.
Some of the biggest hotel companies in the world have opened new facilities in Panama City in recent weeks.
The real estate market in Costa Rica is displaying signs of significant interest towards pre-built construction of coastal gated communities.
Panama City is enjoying an office building boom being driven by several economic factors.
The $5.3 billion Panama Canal expansion is slated for completion in 2015, doubling the canal's capacity.
Grand Tower, the latest major project to be delivered in Punta Pacifica, has finally been issued its occupancy permit. The developer of the 55-story tower has started to notify owners to prepare for closings, which are expected to begin in December.
Driving over the Panama Canal on the Bridge of Americas, it's easy to find Panama Pacifico, the six-year-old master-planned development on the west side of the canal. The 3,450-acre project is one of the largest and most ambitious developments in the region.
The increasing cost of healthcare in first-worlds countries has made medical tourism a thriving industry. Instead of traveling for sea views or mountain hiking, tourists are traveling for medical treatment.
The Ritz-Carlton Hotel Company plans to expand its Reserve hotel collection with a resort on Pearl Island, located 45 miles south of Panama City. The Ritz-Carlton is part of the second phase of a luxury real estate and leisure island development on the 3,500-acre Pearl Island.
Traffic within Panama City's urban core, west of Via Brazil and north of Balboa Avenue, has been absolute chaos for the last two years. Residents have had to deal with gaping holes where massive cranes and underground crews have been working.
Asking rents for offices in Caracas, Venezuela have skyrocketed, increasing 80 percent during the first half of the year
Trump Ocean Club Panama is about to become the first Panama City project to offer a beach club on a private island. Both residents and guests of Trump Ocean Club will be able to take day trips to the beach club on Viveros Island.
Two years after the Trump Ocean Club hotel opened in Panama City, work has restarted on plans to build the largest casino in the region. The Trump casino could be open as early as February, but is more likely to debut later in 2014.