Investors will build five luxury hotels in El Salvador

With an investment of $1.2 billion, foreign investors will build five five-star hotels in the center and eastern parts of the country, El Salvador’s ambassador to the United States, Milena Mayorga, announced yesterday at a press conference.

The official made the announcement in the company of the entourage of American businessmen representing international franchises such as Sport Illustrated Hotel Resort, Universal Music Resort, Harmony Hotel Resort, and Wired Hotel, who have already visited the strategic areas that are part of the tourism and economic development plans of the government.

“There is a commitment of $1,200 million, that’s almost two points of our Gross Domestic Product (GDP). We are working to attract investment and operations of companies that generate opportunities and jobs that we still need, “ said the ambassador.

In addition to interest in the hotel and lodging industry, the business mission contemplates investments in a film production studio that is part of a commitment by the actor, director, and producer, Daniel Baldwin, as well as in renewable energies, aeronautics, bitcoin mining, and other areas in which diaspora entrepreneurs are also interested.