Archive for January, 2018

Costa Rica Real Estate Market Update

Written by Michael Simons on . Posted in Buying and Selling Property in Costa Rica, Costa Rica Real Estate Market Update, Investing in Costa Rica, Newsletters

Costa Rica Real Estate Market Update

May 5th, 2015

Well, it is time again for that boring Costa Rica Real Estate Market Update. If you only visit my site and subscribe to my Newsletters so you can live vicariously through my adventures of white water rafting, consummation of alcoholic beverages and chasing beautiful women, then just go ahead and delete this article now. Those of you interested in the real estate side of my life; please read on.

Costa Rica New Developments

Written by Michael Simons on . Posted in Guanacaste Tourism, Investing in Costa Rica, Papagayo Region

Two large developments announced in 2017 for Guanacaste’s Papagayo Region.  The first was a Discovery Themed Eco Tourism Park and the second is a Rosewood Hotel to be called Rosewood Puerto Papagayo.

DISCOVERY

Discovery Communications Inc.has announced that it will license its name for a $1 billion eco-tourism park in Costa Rica.

President Luis Guillermo Solís confirmed the news on a Facebook post, and said the 810-hectare adventure park will be located in the province of Guanacaste.

Discovery Costa Rica is scheduled to open in late 2020, some 8 kilometers (5 miles) from Liberia, according to a news statement. The park will include outdoor activities such as rock climbing, hiking, scuba diving and other pursuits across four locations at beaches, parks and volcanoes. All of the park’s activities will focus on biodiversity and conservation, the statement said.

Richard Wirthlin, chairman of investor relations at Sun Latin America, the developer leading the project, said the facility will also include a water park, along with Discovery-branded hotels and restaurants.

Large investment

President Solís said that this is likely one of the largest investments in Costa Rica in the last 10 years.

“[This investment] follows our vision of sustainable development and respect for communities outside the Greater Metropolitan Area,” he said.

Solís highlighted the fact that the park will unite Costa Rica and a prestigious international brand.

“It will boost tourism and competitiveness, will generate employment and is part of our tradition of sustainability, renewable energies and environmental respect,” he said.

The president said he will disclose the details of the project at a press conference on Tuesday along with Vice President Ana Helena Chacón and various Cabinet ministers.

ROSEWOOD

Rosewood Puerto Papagayo, Costa Rica To Open in 2020

Rosewood Hotels & Resorts® has been appointed by Aldesa to manage Rosewood Puerto Papagayo, Costa Rica, which is scheduled to open in 2020. This luxury retreat will be situated on the northwest coast of Costa Rica within the province of Guanacaste which is renowned for its tropical forests, diverse wildlife and picturesque beaches.  

Located just 15 minutes’ drive from Liberia International Airport, the resort will be nestled into the hillside which gently cascades down to a golden-sand beach and the azure waters of the Pacific Ocean. Guests will enjoy panoramic views over the surrounding jungle canopy and the Gulf of Papagayo.  

Situated within a forested setting, the resort will offer 130 guestrooms and suites in addition to 92 residences. The accommodations are designed to make the most of the natural surroundings, with features such as open-air living rooms, large terraces and plunge pools. The suites will include eleven two-story treehouses whose striking, contemporary design will bring a sense of delight and romance.

Designed by Zürcher Arquitectos, Rosewood Puerto Papagayo will be keeping in alignment with Rosewood’s core philosophy of A Sense of Place® and will use indigenous materials and locally inspired artwork throughout the property.  The resort will have direct beach access and two swimming pools in addition to a fitness center and the brand’s signature Sense, A Rosewood Spa. Dining options will include a poolside bar and grill, a restaurant offering informal all-day dining, a bar and a specialty restaurant. The resort will also offer a total of nearly 1,100 square meters of event space including a ballroom with a large outdoor terrace. 

For real estate inquiries, please visit www.puertopapagayocr.com, call +1 800 303 5492 or email info@puertopapagayocr.com.

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