Hacienda Pinilla Cancels Auction and Announces Reinvestment

The company Agroganadera Pinilla SA has decided to keep control of the company and waive the auction for the sale of the 1,800 hectares of Hacienda Pinilla in Guanacaste, Costa Rica.

Friday, May 24, 2013

In order to do this, the board of the company named Bree McClure Pattillo as successor to his grandfather HG (Pat) Pattillo, founder of the project. 'Pattillo is a director and holds executive positions at Pattillo Construction Corporation and various real estate companies in the United States and has been engaged with the project for more than two decades," noted an article in Elfinancierocr.com.

"After careful analysis of the offers and options Agroganadera has determined that the best results for owners, shareholders, partners, foundations and current staff would be to retain control on the property and make an aggressive reinvestment in the project, along with substantial improvements to the resort's operations," the company said in a press release.

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