The property is composed by 3 plots of land:
Plot 1 16,370.46 sqm Concession Land
Plot 2 5,171.89 sqm Concession Land
Plot 3 1,974.00 sqm Titled Land (IDA)
Total area 23,516.35 sqm
Development and status
The development calls for a 44-room high-end beach front Boutique Hotel in Playa Santa Teresa. With its Spa and a two theme restaurant.
As of today, the project is already under construction with all its permits approved, it will be ready December 2018.
Below find the list of permits secured:
Setena Approved and up to date
CFIA Approved and up to date
Concessions Approved and notarized
Contrato turistico Fully approved
Declaratoria turistica Approved
SLH Membership approved and up to date
Resort will be built on a 2.2 hectare 20-year government issued land concession, spanning from the main road to the beach. The property features 154 meters of beachfront. The concession is issued by the Costa Rican Institute of Tourism (ICT) and the local Municipality of Cobano. Santa Teresa is located in the southwest tip of the Nicoya Peninsula, on the Pacific Shores of Costa Rica. It is located in the Province of Puntarenas, and the region is developed under a strict regulatory plan. All approved designs meet the existing norms and regulations.
Santa Teresa is an up and coming beach destination with impressive growth in services and popularity. It currently ranks as the #1 destination in Central America as listed in Trip Advisor. Over the last 10 years, the region has solidified its market positioning as a luxury destination for young travelers, with emphasis on surfing, yoga and wellness. While all hotels in the region are small, the area features a healthy combination of houses, villas, condos and B & Bs available for rent by tourists. The region is frequented by Costa Ricans and foreign residents, along with international tourists of all nationalities. It has quickly developed into one of the favorite beach towns in the country, offering a remarkable variety of nightlife and culinary offering.
Santa Teresa is located 45 minutes from the Tambor airport, a local airstrip with daily scheduled arrivals from San Jose, serviced by both Nature Air and Sansa. In addition, the airport receives charter flights from both international airports as well as inter-regional flights. Flying from San Jose to Tambor takes 30 minutes.
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