COSTA RICA—Carlton Group of New York says it'shospitality division has been engaged to sell a rare, fullyentitled, shovel ready, master planned development along thePacific Coast in Costa Rica.

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The large development, which already has infrastructure andsewage in place, is situated on the southwest coast, with oceanviews from most of the vantage points on the property. The localehas natural features that include hills, ridges, waterfalls andmountains, with altitudes up to approximately 2000 feet. The siteis 20 minutes south of Marina Pez Vela, a worldclass, fully operational service marina resort with 300 boatslips.

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The property abuts over 125 acres of primary forest which hasbeen set aside as a nature preserve. The rainforest has a hugevariety of flora and fauna. There are trees reaching over 125 feetin height, while others, estimated to be over 100 years old, haveover a 40 foot circumference. The wildlife includes deer, sloth,monkeys, toucans, parrots and a variety of butterflies and colorfulfrogs. The developer has put in miles of hiking and horse trails,and more are planned. The goal is to give residents an unparalleledopportunity to enjoy nature firsthand within the comfort andsecurity of their own development.

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“This is a rare opportunity to purchase a fully entitleddevelopment site with all infrastructure in place in one of thehottest areas in Central America” said MichaelCampbell a Partner with Carlton Group. “Thisdevelopment site is shovel ready and ready to go”.

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Recently completed high profile transactions completed byCarlton include the sale and recapitalization of The ShoreClub, the $815 million construction and mezzaninefinancing of the Edition hotel in Times Square, the $525 millionstructured finance of the Park Lane Hotel and the€250 million recapitalization of the Four SeasonsHotel in Milan, Italy.

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David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.