They will invest $20 million in a hotel complex on El Cocal beach

They will invest $20 million in a hotel complex on El Cocal beach
They will invest $20 million in a hotel complex on El Cocal beach

The real estate neo-developer Desarrollos Bienestar will invest $20 million in the construction of a 12-level hotel and residential complex on the beach. The project will be built in the space where the Mandala EcoVillas Hotel is currently located, which will be demolished to make way for the new work. The construction of the tower, named Collection, Residences and Resort, will begin next January and is expected to finish in the fourth quarter of 2025. “It will be a fusion between a boutique hotel, 50 apartments and about 20 amenities,” highlighted the CEO of the company, Joaquín Palomo. Most of the amenities will be located on the first level, including a space for events, coffee station, bar, games area, infinity pool, dog park and restaurant. In the case of the latter , Palomo said that “a unique gastronomic offer” will be offered. On the second level there will be the business center (offices), and the third and fourth will correspond to the boutique hotel, made up of 20 single rooms and four three-piece suites.

Residential concept.

Starting from the fifth level, there will be 50 apartments, among which there are two-bedroom units of 105 square meters (m2) and three-bedroom units of 142 m2, all equipped with two bathrooms and sea views. The building will also have three “penthouses” – a luxurious apartment built on the top floor -. One will be double-level, which will extend over an area of ​​323 m2, and two “elite” with an area of ​​364 m2. “The elite model will have the first floating pool in El Salvador, and a barbecue area,” said the businessman. The hotel complex will include guided parking service and a module of 185 parking spaces with a direct covered connection to the building, apart from a charging station for electric vehicles.

Interior view of the Collection hotel and apartment building, which is seeking a five-star rating. / Courtesy

Eco-friendly technology.

Palomo specified that a neo-developer is characterized by integrating the pillar of sustainability with the use of technology in the property, to reduce environmental impacts. In that sense, each residence will integrate technology to automate services, such as opening curtains, turning lights on and off, music and air conditioning. On the environmental side, Palomo specified that systems will be installed to reuse rainwater and solar energy will be available to operate the shared areas. The real estate company has already developed the environmental impact study, required by the Ministry of Environment and Natural Resources (MARN), the results of which they hope to have next month, to receive the green light for construction. The building is intended to employ people from the surrounding communities, who, according to the businessman, will not be removed. The investment, with Salvadoran capital, will be less than a kilometer from the Surf City ring, and currently has ten interested buyers.

The data

According to OPAMSS, the real estate sector contributes to 12% of the Salvadoran Gross Domestic Product, employing 200,000 people annually (almost 8% of the employed population).

3 facts you should know

1.- Levels

The new hotel complex will be made up of 12 floors plus a roof terrace with sea views, which will have a gym, yoga area and a lounge.

2.- Prices

Two-bedroom residences will be listed at a starting price of $334,000, and three-bedroom residences will be listed at $399,500. Penthouses rise to $1.15 and $1.3 million.

3.- Delivery date

Construction is expected to finish in the fourth quarter of 2025, with the generation of 800 jobs covered by people from surrounding areas.

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