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. "
Source: elfinancierocr.com
More on this topic
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.
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The development boom experienced by this tourism province in Costa Rica before the financial crisis has been replaced by “deceleration and prudence”.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”.
December 2008
Affiliates of Global Hyatt Corporation and Aldesa Inmobiliaria have announced the signing of a management agreement for Park Hyatt Monte
del Barco in Guanacaste, Costa Rica, due to open in 2012.
The 140-room resort will be located in the bay of Culebra, within the province of Guanacaste on the Pacific coast of Costa Rica, where Aldesa together with US-based resort designing company Winding Road, are developing Monte del Barco, a premier luxury lifestyle estate.
January 2010
In Costa Rica, investment funds grew 16% in 2009, in spite of losing almost 10% of their investors.
During the past financial crisis, the Costa Rican market turned out to be more stable than international markets, making it a relatively safer place for storing capital. Because of this, assets managed by investment funds grew to $2.48 billion.
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