$125 million Investment in Resort in Costa Rica

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

Thursday, February 20, 2014

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.

The information was confirmed by "Carlos Hernandez, general manager of Santa Elena Preserve, a group made up of Carlos Pellas of Pellas Development Group, the Costa Ricans Francis Durman - president of Grupo Montecristo and Ernesto Castegnaro - president of the board of BAC Credomatic - the Motta Group and the strategic partner , AM Resorts U.S., who will be the hotel operator."

The new project will have 447 rooms, and "is the first in a series of investments to be made in that area. Santa Elena Preserve acquired 1,500 hectares in which it will build several projects over the next 15 years."

" ... The master plan includes investments that could exceed $1 billion, which will include tourism and urban infrastructure at the regional level," said Hernandez.

More on this topic

New Luxury Resort in Costa Rica

September 2014

An announcement has been made of the 2015 opening of a hotel complex containing 151 rooms by Wyndham Resort Papagayo Yu, in Playa Panama, Guanacaste.

From a statement issued by the Wyndham Hotel Group:

Wyndham Hotel Group, with approximately 7,540 hotels and which is part of Wyndham Worldwide Corporation, announced today the signing of a franchise agreement for the first resort in Costa Rica of the luxury brand Wyndham Hotels and Resorts, the Wyndham Resort Papagayo Yu in Guanacaste.

Nicaragua: Guacalito to Generate Around 10,000 Jobs

August 2011

Grupo Pellas has estimated that this will be the number of jobs generated once the project becomes operational.

The Guacalito Tourism Project, which is being developed by the Pellas Group on Nicaragua’s Pacific beaches will be inaugurated at the end of next year, company representatives announced.

Costa Rica: New Investment in Hotel Sector

May 2011

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

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.

Nicaragua: $30 Million Wyndham Hotel

June 2010

Wyndham Hotels and Resorts formed an alliance with Grupo Mariana to develop a $30 million hotel in the Pacific coast of Nicaragua.

The $30 million, 330-room Wyndham Mariana Resort & Casino will be one of the key centerpieces of the Seaside Mariana Spa & Golf Resort, which is situated on 923 acres with over one mile of beachfront.

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