The sale of the Papagayo Peninsula to a Gencom affiliate in August of 2016 has caused an investment “domino effect” in the Northern Guanacaste region. Soon after the Gencom acquisition, the Hard Rock Cafe announced it had purchased the Allegro Papagayo Hotel and they will be opening a new Hard Rock Cafe Hotel in early 2018. Add to this the new $1 Billion Discovery Park to open nearby in 2020 and you have a recipe for some serious economic growth in the northern beaches area of Costa Rica. These billion dollar plus investments have resulted in new land investment opportunities opening up.
Large Investments in the Papagayo Region of Costa Rica Have Resulted in New Real Estate Development Opportunities
The Papagayo Peninsula purchase includes the award-winning, 182 room Four Seasons Papagayo – ranked by Forbes Travel Guide as the only 5 star resort in Central and South America. It also includes an 18 hole Arnold Palmer designed golf course with clubhouse, a 180 slip Marina, and the 38,000 square foot Prieta Beach Club.
Guanacaste sits in the northwest part of the country with Nicaragua to the north and the Pacific Ocean to the west. Papagayo is considered the jewel of the area, visited frequently by big name stars and the very wealthy.
For more information on beachfront residential opportunities in Guanacaste please email Mark@palmsintlcr.com
Investors & Developers please visit our Costa Rica Real Estate Development & Land website.