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.

More on this topic

Costa Rica: Hotel Purchased for Medical Tourism

December 2014

Agroganadera Pinilla SA has announced the sale of La Posada, in Hacienda Pinilla, Guanacaste, to the company Rythmia Holdings Company SRL, which will convert the facility into a center for medical treatment.

From a statement issued by Agroganadera Pinilla, SA:

Agroganadera Pinilla, SA, owner of Hacienda Pinilla Beach Resort & Residential Community in Guanacaste, announces the sale of the Hotel La Posada to the company Rythmia Holdings Company SRL, a subsidiary of Rythmia LLC, a company based in California, USA.

Mega Resort Auction Postponed

November 2012

Scheduled for Nov. 15, the auction of the 1,800 hectares making up the Hacienda Pinilla has been postponed until May 15, 2013.

Country Auction Services, the agent in charge of the auction, said "the marketing webpage created for the project, www.HaciendaPinillaAuction.com, has been seen by nearly 10,000 visitors from 102 countries.

Tourism Project Up for Auction

September 2012

In an event exclusively for qualified investors, the Hacienda Pinilla resort complex in Costa Rica, which measures 1,800 acres and has hotels, a golf course and residential communities, will be auctioned.

The U.S. company United Country Real Estate, in partnership with Colliers International, will perform the live auction on Nov.

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