Tuesday, November 20, 2007

Billion Dollar Projects on Thier Way


The beach of Coconuts (Playas del Coco) has seen some big projects and investors in town over the past few months from the founder of AOL to Costa Rica’s leading on-line luxury travel agency.

Stephen Case the co-founder of AOL and his company Revolution Places bought $800 million worth of land (650 acres) in the Northern Guancaste area of Costa Rica just slightly north of Costa Rica. His idea ios to build 5 5 star luxury Eco-hotels on this land with such names as One and Only Resorts, Miraval, Exclusive Resort and an 18 hole Tom Doak Golf Course. The land itself has some beautiful calm beaches with pristine sand and lined with beautiful tropical palm trees. This purchase has placed a spotlight on Plays Del Coco as there is talk of a Marina within the next 2 years which would mean that Playas del Coco could be the new Marriott Los Suenos Resort and Marina of the North.

The other big entrant this year is Costa Rican Vacations with their massive 1000 meter squared home in the Hollywood hills above Playas del Coco. The Costa Rica Villa was the idea of Co-owners Tony Silva and Casey Halloran who wanted to take everything that they had seen that has worked in hotels and villas over the companies 8 years and put it into a fabulous luxury 7 bedroom villa. Casy Halloran says ‘This is a step in the right direction as there really is not enough luxury in Costa Rica and this villa will deliver everything that Costa Rica is lacking plus give the guests the ultimate vacation experience’. The villa is due to be completed in March 08 and will start to rent in April 08, please visit the website www.mycostaricavilla.com .

This investment by some of Costa Rica’s biggest players has meant that land prices have rocketed and the area is starting to have a fabulous face lift that is needed. On a recent viusit to Playas del Coco a tourist exclaimed that this beach town still has a core Costa Rican feel to it that towns like Jaco and Tamarindo lost a long time ago.

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