Massive Hotel Investment Surge in Costa Rica Expected To Kickstart Economy and the Real Estate Market in Guanacaste.
We had an amazing first quarter of 2013, closing more real estate transactions than we did in all of 2012 combined.
I contribute this to a couple factors. The continued fiscal concerns of the world economy are driving a lot of investors to move their money outside their home countries, and Costa Rica is one of the top on the list.
The Liberia International airport is receiving more flights than ever after its $18 million expansion last year; the new CIMA Hospital is now officially open for Medical Tourism and there are some major developments that have started construction after a four year hiatus.
The new $200 million Melia Paradisus Papagayo Bay Resort broke ground a couple of days ago and really has the area buzzing. In this 21 hectare Five Star quality resort there are plans for 381 rooms, five restaurants, five bars, a YHI spa, health club and a number of outdoor pools.
Here resident guests can enjoy the exclusive ‘Royal Service’ with access to a private pool or butler service. The family concierge concept, on the other hand, offers exclusive additional services for families, from their own restaurant and check-in counter up to recreational activities and trip planning.
It is located on the peninsula that separates Playa Hermosa and Playa Panama, just a couple kilometers from most of the residential homes and condos that are for sale.
Also the Hyatt Andaz Hotel will be opening Christmas of this year, located just next to the Papagayo Marina in the Bahia Culebra Bay.
The Enjoy Group Hotel, owners of the Hilton Papagayo, has started construction on a new 86 room Boutique hotel right on the beach in Playa Panama. Plus, there are three more large developments that I know of that will be making HUGE announcements in the following months.
Whenever a new hotel breaks ground, the real estate community feels a push. Everyone realizes that as these hotels get completed and open for business, it will just mean that many more travelers and potential investors coming to the area.
Just these hotels mentioned here are expected to generate around 4,000 new jobs for the area.
And like most of us, once you see Guanacaste Costa Rica, you will want a piece of paradise too. As these hotels start their marketing campaigns, in travel and airline magazines, internet and television, more and more people will be exposed to the Pura Vida lifestyle we are so lucky to enjoy.
So if you are on the fence about investing in Costa Rica, I would encourage you to get moving. Just in the last month, I have had seven of my listings RAISE their prices with the announcement of all this new development.
Before you know it, the good deals will be gone and you will find yourself negotiating with a seller who is NOT very motivated so contact me now…
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Massive Hotel Investment Surge in Costa Rica Expected To Kickstart Economy and the Real Estate Market in Guanacaste.
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Andrew Makarik
to@welovecostarica.comAndrew Makarik is the main editor of WeLoveCostaRica, a fan of this sunny country. He is also a loving husband and a has a lovely daughter. By being a devoted family man and the biggest Costa Rica fan, he wants to make more people feel at home there. WeLoveCostaRica unites people and helps them find new home or a new travel destination. This website is a friendly community where everyone can find not only information, but also new friends and travel pals. Andrew is also passionate about IT and programming, so he himself maintains a friendly atmosphere in this cozy environment of WeLoveCostaRica.com.
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On the Google maps view of Culebra Bay I see Sirenis near the National Park.
Is this a hotel that has been abandoned/never opened? Do you know anything about
it or anyone who might?