Four Seasons Plans More Hotels in Costa Rica's Northwest Coast
On the heels of our story the other day about Steve Case's proposed $800 million resort complex in Costa Rica, the Tico Times' website reported today that the Four Seasons is planning to open more hotels on Papagayo Peninsula in Guanacaste Province.
The announcement came at a press conference yesterday at the Costa Rican Presidential Palace in San Jose. In attendance were Saudi Arabian Prince Alwaleed Bin Talal Alsaud, a major stakeholder in the Four Seasons, and Costa Rican President Oscar Arias.
No details beyond that, including any word on the status of any environmental impact studies. Case's project has not yet received approved from Costa Rican's Environmental Ministry. That approval is needed for the project to begin.
The Four Seasons opened the Four Seasons Costa Rica at Peninsula Papagayo in 2004. Brad Pitt, Angelina Jolie and family stayed there last Christmastime.
The area seems primed for hotel development. As many as 30 other hotel concerns, including Ritz-Carlton, are canvassing the area. Last month Mandarin Oriental announced it was building a 536-acre resort and residences complex in Guanacaste province.
Case doesn't want Costa Rica to end up like Waikiki. But his Revolution Places is not operating in a vacuum. Memo to Case: This ain't no beta test rehearsal.
· Steve Case Unveils $800 Million Green Resort Without Greenlight From Costa Rica [HotelChatter]