All in one place. In the west of the capital of Costa Rica "mini-cities" are being built which meet the needs of this new lifestyle trend.
In the west of San José, four real estate projects are attempting to impose a new lifestyle. The first is "Avenida Escazú, whose initial phase was started in 2009 (medical towers, cinema, hotel, parking and residences) and which then added more cinemas, restaurants and shops," noted an article in Elfinancierocr.com.
There is a growing trend among hotel chains to buy international franchises in order to improve their management.
For example, in Costa Rica, the Ramada Herradura changed its name to Wyndham Herradura following an investment of $1 million last December. In 2011, the Gran Hotel Costa Rica transformed its brand, changing its name to Gran Hotel Costa Rica Ascend Collection.
The real estate firm Kirebe is to build a Wyndham Garden Hotel in San Jose, Costa Rica.
The new hotel will be located in Escazú, on land adjacent to Play and EPA, and will open its doors in August, according to the plans of the property firm Kirebe, which has previously specialized in residential condominiums.
"This new Wyndham Garden Hotel will be geared towards corporate-executive tourism, a niche which has been growing in the country recently," Nacion.com was told by Alberto Orlich, Development Director at the Costa Rican company that is aiming to diversify into hotels.
Inspired by the growth of Los Reyes, multiple residential developments are being built in vast areas.
Los Reyes was the first of its kind in Costa Rica. Located in a 324 hectare area in Alajuela, it combines residential solutions in large areas with other services like a club, swimming pool, golf, tennis and football facilities.
The property idea has grown and been followed by more residential projects, each with other integrated developments, the latest of which, Las Manzanas, is currently under construction.
A new urban project, Hacienda Espinal, will be developed on kilometre 17 of the new road to Caldera.
The project, to be developed by the firm Garnier & Garnier, will cover 37 hectares and has an investment for the first phase of $20 million. Included in the construction are residential units, restaurants, a school, a supermarket and offices.
Attracted by the new road other companies have put their faith in real estate investment.