Costa Rica: New Investment in Hotel Sector

About $300 million will be invested in new tourism developments around the country.

Monday, May 9, 2011

The northern part of Costa Rica, one of the most visited by foreign tourists, is destined to have three new hotel projects which have short term development plans.

One of them is Dreams Las Mareas Resort, initially valued at $125 million, to be located on a 1,500 hectare property in La Cruz, Guanacaste. It will be a five star hotel with 400 rooms, spa, meeting rooms, and six restaurants, among other amenities.

Another project is Paradisus Papagayo Bay, to be located in the Gulf of Papagayo. It plans to open its doors in 2013 and will be a 5 star hotel built on an 21 hectare estate.

A report by Sergio Arce, for La Nacion also notes: "Finally, the area of Sardinal in Puntarenas will host the first Pure Hotel in Central America said Eduardo Vilchez, representing Pacific Mountains SA, member of the U.S. Oriens Travel & Hotel Management, which owns the Pure brand. "

More on this topic

Gencom Acquires Andaz Costa Rica Resort

October 2017

In a transaction whose amount was not disclosed, the US-based Gencom acquired the hotel complex Andaz Costa Rica Resort in Península Papagayo in Guanacaste.

The real estate investment and luxury real estate development company Gencom last year announced the purchase of the Four Seasons hotel, also in Península Papagayo.

Costa Rica Plans $100 million Resort

January 2016

The Real Estate Development Fund Monte del Barco has signed a contract with Rosewood Hotels & Resorts chain, to develop a 130 room luxury hotel in the Gulf of Papagayo in Guanacaste.

A statement issued by Aldesa, manager of the Real Estate Development Fund Monte del Barco, states that "...

$125 million Investment in Resort in Costa Rica

February 2014

A group of Central American business people are building the luxury resort Dreams Las Mareas in Guanacaste, Costa Rica.

Operations are expected to start in November at the luxury resort Dreams Las Mareas in Guanacaste, whose construction started months ago having been set up by a group of businessmen in the region, using an investment of $125 million.

Costa Rica: Luxury Resort in Guanacaste

May 2013

The Swiss equity firm SunVesta Holding AG has announced the start of construction of the Paradisus Papagayo Bay Resort, with an investment of $170 million.

The opening of the new hotel, which will have 381 rooms and will be developed in 21 acres, is scheduled for late 2014 and will be operated by the Spanish chain Melia.

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