Four Seasons To Build New Resort In Costa Rica

The Timeshare Beat

October 30, 2000

Canadian hotel chain Four Seasons Hotels Inc.(NYSE:FS) (Toronto:FSH.TO) recently announced plans to invest $105 million in a 170-room hotel on the Papagayo Peninsula of Costa Rica's Pacific coast.

Located in the famed province of Guanacaste, the resort will be developed by Ecodesarrollo Papagayo and associates in conjunction with Four Seasons. It will be a part of a larger planned residential resort community encompassing over 2000 acres of the lush peninsula, including prime Pacific Ocean beachfront that climbs to a 320-foot plateau overlooking Virador Bay and Banca Bay. It is a mere 10 miles from the new Liberia International Airport.

Slated to open in late 2002, the Hotel will have 170 guest rooms and suites plus 40 villa units. It will be designed in one- and two-story buildings to form a landscaped hillside village effect overlooking the ocean. In addition, the property will offer two dining venues plus poolside dining, a full-service spa and health club, four tennis courts and a tennis center, fresh-water swimming pools and water sports facilities.

An as yet unnamed leading designer will create a Four Seasons championship golf course, and guest will also have access to two additional courses. A marina and possibly a casino are on the drawing board for the master resort project.

A 40-unit Four Seasons Residence Club will offer another special and luxurious lodging opportunity, with full access to all the Hotel's amenities.

Blessed with tropical beaches, smoking volcanoes and thick rainforest, Costa Rica has become a prime destination for eco-tourists. A small tropical country, Costa Rica is situated between two oceans-- the Pacific and the Atlantic/Caribbean. Though it only occupies about 32,000 square miles, it contains a wide variety of rivers, plains, mountains, valleys, volcanoes, beaches, and a hugely diversified plant and animal population in many nature and wildlife reserves. In fact, Costa Rica has over 12,000 species of plants, over 237 species of mammals, more varieties of butterflies than in all of the continent of Africa and more than 150 species of reptiles and amphibians. There are also more than 1,800 species of orchids native to the country and over 850 species of birds.

Located in northwest Costa Rica, the Papagayo Peninsula is rapidly becoming the tourism center for the country, with a quickly developing infrastructure and some of the nation's most upscale resorts. It boasts fine beaches and excellent facilities, with many options for activities and entertainment.

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