According to STR's March 2014 STR Global Construction Pipeline Report, Central and South America's hotel development pipeline comprised of 390 hotels totaling 63,780 rooms.
Among the countries in the region, Brazil ended the month with the most rooms in construction with 12,937 rooms. Five other countries reported more than 800 rooms under construction: Colombia (2,805 rooms); Panama (1,919 rooms); Argentina (1,719 rooms); Chile (985 rooms); and Costa Rica (899 rooms).
The total under contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the unconfirmed stage.
Cuban President Raul Castro has confronted U.S. President-Elect Donald J. Trump's hardball pitch to possibly break up President Obama's one year-old detente with the Communist island nation with a hardball gesture of his own.
The developer of West Enclave, a Ritz-Carlton Reserve Residence, located in Los Cabos, Mexico, has opened sales to the public for a limited collection of 27 single-family Residences, following $70 million in pre-sales.