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Nyesa gets $330 million loan for project in Costa Rica

Monday, September 6, 2010

Spain’s Nyesa Valores has received a $330 million loan for a tourism project in Costa Rica from a US investment fund, the company said in a filing with the Madrid stock exchange.
The project is reported to envisage construction of the largest resort on the Pacific Coast of Central America, with projected sales of $1.6 billion and profits of $485 million.
The loan will be for the first stage of the project. Permits are all in order and the construction includes a 72.toom hotel, with 92 villas and 289 condominiums.
Original source (in Spanish): Europa Press