Second Resort Purchase within 1,400-Acre Peninsula Papagayo Underscores U.S. Investment Firm’s Vision Toward Major Transformation of Latin America’s Premier Resort and Residential Destination.
MIAMI–(BUSINESS WIRE)–Gencom, a leading Miami-based international luxury hospitality and residential real estate investment and development firm, today announces the acquisition of Andaz Costa Rica Resort at Peninsula Papagayo by a Gencom affiliate, Papagayo Partners Ltd., in conjunction with local real estate developer Sinergo Development Group S.A. Following the August 2016 purchase of the 1,400-acre Peninsula Papagayo and Four Seasons Resort Costa Rica, this marks the second resort investment for the new ownership guided by Gencom on Peninsula Papagayo, a premier resort and residential destination in the Guanacaste province of northwest Costa Rica. The acquisition of Andaz Costa Rica Resort at Peninsula Papagayo also signals the ownership group’s steadfast, continued commitment toward a major transformation and preservation of Peninsula Papagayo. Key developments include new capital improvements to Andaz Costa Rica Resort at Peninsula Papagayo plus a major renovation of Four Seasons Resort Costa Rica as announced in July 2017 along with new peninsula-wide amenities, enhancements and first-ever experiences designed to connect and celebrate the peninsula as a unified destination a world apart. (Full Press Release link below)
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