The Monte del Barco Project in Costa Rica

The crisis of 2008 halted the development of the ambitious project in the Gulf of Papagayo tourist hub, and solutions are being sought to maintain it.

Monday, December 12, 2011

The project is owned by Monte del Barco Real Estate Fund, administered by Aldesa Investment Funds.

There is need to resolve the financial situation of the project in order to continue with its development, so solutions have emerged such as the purchase of lots by the same investors in the Fund, which so far has not been successful, and the transfer of part the land to a group of providers in exchange for building the basic infrastructure so as to enable the project to continue.

An article in Elfinancierocr.com outlines the main features of the project, which envisages an investment of about $213 million:

Development:
The Monte del Barco Real Estate Fund assumed the reins of the hotel project in 2005.

Proposal:
The plan is to develop in four stages, a real estate complex in Bahía Culebra, in the Tourist Pole Gulf of Papagayo .

Units:
First, a Beach Club will be built, then a 200 room hotel and a 28-unit condo hotel. Then a marina for 100 vessels and 26 villas.

Goda: Inversiones Goda is another concession assumed by the Monte del Barco fund where a condo hotel is planned. In total there are three concessions: Monte del Barco has one sized 10 ha 3712 m² and another covering 13 ha 7.181 m², while Goda has 6 ha 7241 m², for a grand total of 4,318,448.81 square meters. "

More on this topic

Tourist Project Concession Canceled

July 2019

Arguing that a complete report on the financial situation of the companies owning the development was not presented, the Costa Rican Tourism Institute decided to cancel the concession of the Monte del Barco project, in the Papagayo Tourist Pole.

Aldesa Fondos de Inversión reported that Inversiones Monte del Barco S.A.

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 "...

Costa Rica: Monte del Barco Project Selling Lots

January 2011

The real estate developer of tourism projects expects to raise $ 10 million in order to fund construction works in 2011.

Lanzo Luconi, director of Aldesa Investment Fund, the concessionary of the project, said that they still have not defined how many acres will go on sale, as well as the size of the lots.

Real Estate Investment in Guanacaste

February 2010

The development boom experienced by this tourism province in Costa Rica before the financial crisis has been replaced by “deceleration and prudence”.

“Imagine a car in a six-lane road travelling at 120 kilometers per hour. Suddenly, if finds itself in a gravel road, full of street holes, and the car must slow down to 20 kilometers per hour if it intends to stay apiece”.

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Desarrollo Inmobiliarios 4D

We are a firm dedicated Aldesa Investment Corporation to seize business opportunities in the housing market.
Operates in Costa Rica and Costa Rica
Phone: (506) 2207-8888

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