Hotel developments can take various forms, depending on the target market, location, investment strategy, and intended use.
Full-service hotels, such as can be found within luxury resort areas, offer a wide range of amenities, including restaurants, room service, conference facilities, gyms, and are focussed on business travelers, tourists, and conference attendees.
Limited-service hotels typically don’t offer on-site restaurants or extensive leisure facilities, and are aimed a the budget-conscious traveler, or those looking for a more simple and cost-effective stay.
Boutique hotels will usually have a unique design or purpose, often associated with the location, character, and even the owner who may be a famous personality.
Luxury hotels are high-end accommodation as inferrred by the title to offer exceptional services, and all the luxury amenities one would expect such as fine dining, spas, private pools, and concierge services.
Affluent tourists, business executives, and travelers seeking premium services and exclusivity would more than likely be foyund using a hotel that comes under the luxury category, hotels such as Five-star hotels, and brands like Ritz-Carlton and Four Seasons.
Resort hotels are located in leisure destinations (beaches, mountains, or resorts), and these hotels provide recreational amenities like golf courses, pools, spas, and activities.
Extended-Stay hotels, such as Residence Inn by Marriott, offer accommodations designed for longer stays, featuring larger rooms with kitchenettes or full kitchens, and are aimed at people who are relocating, or guests needing temporary housing.
Select-Service Hotels, such as Courtyard by Marriott and Hampton Inn, are similar to limited-service but may offer some extra amenities like a small breakfast bar or convenience shop.
Mixed-use developments are integrated into larger complexes that include other types of real estate such as offices, retail spaces, and even residential areas. These offer an all-in-one urban experience, often encompassing the skyscrapers or properties combined with shopping malls or residential buildings.
Convention center hotels, that are located next to or within convention centers and are designed to accommodate large groups for events, conferences, and conventions, and cater to conferences, corporate sessions, and exhibitors.
Each type of hotel development caters to a wide range of market needs, from budget stays to high-end luxury experiences.
Why Buy or Invest in New Real Estate Developments in Guatemala.
Guatemala is one of the largest economies in Central America, with a diverse base that includes agriculture, manufacturing, and services. The country has been experiencing steady economic growth, making it an attractive place for investment. As the economy expands, demand for real estate both residential and commercial is likely to increase.
Guatemala is home to rich cultural history, stunning natural landscapes, and historical landmarks like ancient Mayan ruins (such as Tikal). Tourism has been growing steadily, and this influx of visitors creates demand for short-term rental properties, hotels, and other commercial mixed-use real estate, especially in popular areas like Antigua and Lake Atitlán.
Guatemala offers a relatively favorable environment for foreign investors. It has various incentives to attract foreign capital, such as low taxes on certain investments, and a legal framework that protects property rights. The real estate market has shown an openness to foreign investment, with fewer restrictions compared to other countries.
Guatemala offers an affordable and high-quality lifestyle for retirees and expats, which has made it an increasingly popular destination for those looking to live abroad in resorts and gated communities. Areas like Antigua and Lake Atitlán are particularly attractive for retirees due to their beauty, climate, and growing expat communities.
For long-term capital appreciation, rental income opportunities, or the country’s strategic position, there’s potential for growth in the Guatemalan real estate market.
