Investor Portal
Development updates from Sarchí.
A single place for everything happening across the hotel, residences, and coffee farm — refreshed weekly from on-the-ground reports.
This week
Latest update
Auto-summarized from this week's on-site reports.
Week of Aug 3–14, 2026
Steel framing costs reviewed, Fire Department docs advanced, engineering plans refined
Two productive weeks pushed La Monarca's design and permitting tracks forward simultaneously. On Aug 3, Bildteck and Block Construction met to analyze steel framing costs and identify potential suppliers, informing ongoing budget adjustments. The Saballos team aligned on Fire Department documentation requirements to keep the permit process moving. Weekly engineering sessions addressed lighting, HVAC, gas connections, ceilings, storage tanks, and project scheduling. Electromechanical engineer Juan Carlos Ulate joined a dedicated session on the hotel's electrical system. A landscaping consultant completed an on-site orientation visit. Separately, a meeting at Invicta's offices with José Monterrosa addressed the CMAS lawsuit response, while Block Construction discussed payment schedule and cash flow figures for a Banco Nacional form.
Hotel
- Bildteck and Block Construction reviewed steel framing costs and identified potential suppliers to refine project budget
- Saballos team aligned on Fire Department documentation submissions to advance permitting
- Weekly engineering meetings covered lighting, HVAC, gas connections, ceilings, storage tanks, and schedule deadlines
- Electromechanical engineer Juan Carlos Ulate consulted on hotel electrical system design
- Landscaping consultant conducted first on-site orientation visit to assess project area
- Meeting with José Monterrosa at Invicta offices to prepare response to CMAS lawsuit
- Block Construction discussed payment schedule and cash flow figures for Banco Nacional form
Steel Framing & Budget
Engineering & MEP
Fire Department Permitting
CMAS Lawsuit & Financing
Past updates
Update archive
All past investor updates in one place.
Aug 22, 2026
Steel framing costs reviewed, Fire Department docs advanced, engineering plans refinedTwo productive weeks pushed La Monarca's design and permitting tracks forward simultaneously. On Aug 3, Bildteck and Block Construction met to analyze steel framing costs and identify potential suppli…
Aug 8, 2026
Financing meetings and engineering corrections advance hotel developmentThe week of July 27 saw steady momentum across financing, engineering, and design coordination for the La Monarca Hotel. On Tuesday, the team met in person with Banco Lafise at its San Carlos branch t…
Aug 1, 2026
Fire Department comments addressed as contractor and budget reviews advanceThe week of July 20 brought a concentrated push on two fronts: regulatory compliance and budget refinement. On Tuesday, the engineering team convened virtually to work through Fire Department comments…
Jul 18, 2026
Two active weeks advance design, budgeting, and FF&E supplier sourcingAcross two consecutive reporting weeks (Jun 29–Jul 3 and Jul 6–10), the La Monarca hotel team maintained steady momentum on design coordination, structural planning, and budget development. John Marsh…
Jun 27, 2026
Construction budgeting intensifies as two banks signal lending interestA dense week of supplier meetings and engineering reviews pushed the hotel's construction budget process forward on multiple fronts. On Monday, the team visited Bildteck to evaluate steel framing as a…
Jun 20, 2026
CFIA approves hotel at initial stage; residences funding unlocks Marriott processA milestone week on both sides of the project. The hotel received initial-stage approval from the CFIA and was submitted to the corresponding institutions — and by Friday the CFIA had also completed i…
Jun 6, 2026
Security planning takes center stage as engineering coordination continuesThe focus this week was security planning for the hotel. A weekly engineering meeting covered topography, lighting, security, and supplier sourcing — keeping multiple workstreams moving in parallel. S…
Apr 25, 2026
CFIA upload begins; multi-team coordination on plans and budgetA pivotal week on the hotel side. Tuesday brought a virtual meeting with Saballos architects on hotel finishes, followed by a working session with multi-disciplinary engineers reviewing plan progress …
Apr 18, 2026
Investor call on the hotel budget; routine cadence elsewhereThe week's flagship event was a Tuesday virtual meeting with investors to discuss the hotel budget. Surrounding days were administrative follow-up across hotel processes. The residences side recorded …
Apr 11, 2026
Design and budget coordination resume with Saballos, Marriott, and BlockHotel work picked back up after Holy Week, with two notable working sessions on Friday: a virtual meeting with the art curator, Saballos' interior design managers, and the Marriott representative to f…
Apr 4, 2026
Holy Week pauses the work; routine follow-up Monday through WednesdayA short week. Holy Week observance closed offices and the farm on Thursday and Friday across all three workstreams. Monday through Wednesday the hotel team handled routine email follow-up on administr…
Mar 28, 2026
Design review with Marriott; coffee plants under maintenanceThe week's hotel work centered on design and permitting. A virtual meeting with Adrián Saballos covered the hotel plans and the CFIA process, and on Wednesday Saballos' interior design team met virtua…
