COSTA RICA—Carlton Group of New York says it’s hospitality division has been engaged to sell a rare, fully entitled, shovel ready, master planned development along the Pacific Coast in Costa Rica.
The large development, which already has infrastructure and sewage in place, is situated on the southwest coast, with ocean views from most of the vantage points on the property. The locale has natural features that include hills, ridges, waterfalls and mountains, with altitudes up to approximately 2000 feet. The site is 20 minutes south of Marina Pez Vela, a world class, fully operational service marina resort with 300 boat slips.
The property abuts over 125 acres of primary forest which has been set aside as a nature preserve. The rainforest has a huge variety of flora and fauna. There are trees reaching over 125 feet in height, while others, estimated to be over 100 years old, have over a 40 foot circumference. The wildlife includes deer, sloth, monkeys, toucans, parrots and a variety of butterflies and colorful frogs. The developer has put in miles of hiking and horse trails, and more are planned. The goal is to give residents an unparalleled opportunity to enjoy nature firsthand within the comfort and security of their own development.
“This is a rare opportunity to purchase a fully entitled development site with all infrastructure in place in one of the hottest areas in Central America” said Michael Campbell a Partner with Carlton Group. “This development site is shovel ready and ready to go”.
Recently completed high profile transactions completed by Carlton include the sale and recapitalization of The Shore Club, the $815 million construction and mezzanine financing of the Edition hotel in Times Square, the $525 million structured finance of the Park Lane Hotel and the €250 million recapitalization of the Four Seasons Hotel in Milan, Italy.