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  • TicoNET Real Estate - Heredia - Santo Domingo - Residential Lots
    Total views 12541 5 Town Santo Domingo Province Heredia Region Central Valley Lot Size 2465 square meters Price 215 000 Status For Sale Financing Please ask Code Las Gemas Description These gorgeous residential lots in Santo Domingo de Heredia feature a friendly atmosphere with privacy quietness and comfort You can buy just a lot or you can choose to have us build your house with the design that fits the standards of your needs and expectations These residential lots also feature fully fenced with perimeter wall a single entrance with 24 hours security panoramic view of Monte Zurqu the Three Marias and the city close to Lincoln High school and International Christian School Location These residential lots are located in Los Angeles of Santo Domingo de Heredia Santo Domingo de Heredia is perfect for those looking for privacy and retirement while having easy access to San Jose Located in the outskirts of the province of Heredia Santo Domingo is located only 15 minutes from San Jose Santo Domingo de Heredia ia a warm colonial town with friendly residents and spectacular scenery in its surroundings Luis Murillo 506 2244 5959 506 2244 3745 Visit my website Login Agent Signup Member Signup

    Original URL path: http://www.ticonet.co.cr/properties/heredia/santo-domingo/residential-lots-48.html (2015-06-03)
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  • TicoNET Real Estate - Puntarenas - Punta Leona - Ocean View Resort Condo
    Leonamar within the exclusive Punta Leona Beach Resort Garabito Puntarenas DISTRIBUTION Living Dining room kitchen with fine cabinetry granite countertops and stainless steel appliances 2 bedrooms 2 full bathrooms large terrace balcony laundry nook basement private parking for 1 car and storage ADDITIONAL CONDO FEATURES Nice Ocean Views Fully Furnished Equipped Air Conditioning Cable TV high speed Internet guest parking excellent natural light and ventilation privacy and security walking distance to white sandy beach access to all Punta Leona Beach Resort amenities They are fully titled and deeded apartments ABOUT THE CONDOMINIUM PUNTA LEONA RESORT Torres Alella is a condominium comprised by 15 apartments three 5 storied buildings featuring elevator swimming pool sun deck guest parking back up electricity generator back up water tank and 24 7 security This compound was completed in 2008 and it is located in the upscale neighborhood Altos de Leonamar within Punta Leona Punta Leona Beach Resort is nested in a 750 acre private rain forest reserve Its beautiful and pristine white sandy beaches proudly enjoy the AAA Blue Flag Award meaning they are the cleanest in Costa Rica Some of the amenities of the resort are Hotel restaurants disco swimming pools tennis court mini golf convenience store boutique infirmary boating facilities property management office Catholic Church ample exotic gardens and trails thru the magnificent rain forest There is a free Shuttle Van around the resort and its beaches every 15 minutes There is 24 7 security and excellent control over the access and the beaches so it is very exclusive private and safe This resort is located only 10 minutes to Los Suenos Marriott Marina Golf Resort and only 90 minutes drive to San Jose The maintenance fee is 180 month and it includes common area maintenance services plus cable TV water bill and

    Original URL path: http://www.ticonet.co.cr/properties/puntarenas/punta-leona/ocean-view-resort-condo-43.html (2015-06-03)
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  • TicoNET Real Estate - Real Estate Information - A Panorama
    some problems for the investor particularly in the area of obtaining liquor licenses telephone connections and import of foreign made equipment the truth is that the cost for required studies applications and so on for qualifying under an incentives program make this an option only for large investors whose scale of project makes it possible to use the incentives to a sufficient degree to cover the costs involved in qualifying This is the reason most bed and breakfasts operate without so much as a municipal license much less a tourism incentives contract Country estates are now being offered usually in hilly areas and often with an ocean view in the northern Guanacaste and southern Lim n regions In order to legally subdivide a larger property into smaller separately titled ranches and avoid all the red tape and investment attendant to an urban subdevelopment these must have a minimum of five hectares surface area It is possible to qualify smaller plots if the Agriculture Ministry Ministerio de Agricultura y Ganaderia will certify that the proposed split size is agriculturally viable The criteria on this varies depending on the region in question In any case in order to offer this type of property it is a marketing must to also offer at least water and roads along with maintenance Once such a development is sold out the owners are usually left to their own devices in terms of maintenance and must form an owner s association for this purpose The same applies to those rural subdevelopments typically near the shore that although composed of smaller urban lots do not have an effective local government supplying municipal services Hotels and villas A more novel approach is the combination of beach hotel including a central area with the usual bar restaurant and recreational facilities The rental units are bungalows with 1 2 bedrooms that serve as hotel units and that are also offered to investors interested in an income property Investors purchase a unit with a management contract from the hotel that provides for maintenance and renting out of the unit for a percentage of the income leaving a net income for the investor plus the right of personal use for a determined number of weeks per year Since these units do not qualify for a separate title of ownership under urbanization regulations nor are they separately titled condominium units one cannot actually purchase a property right per se to the unit The way found around this inconvenience has been to offer long term leases 99 years on the units and register the lease contracts on the property record of the hotel development The leases are made transferable but are obviously not equal to a permanent property title Condo hotels This option offers real estate security and appreciation as well as producing income on a monthly basis with a built in management system The single or duplex units are usually sold to persons wishing to enjoy a month or so in Costa Rica every

    Original URL path: http://www.ticonet.co.cr/real-estate/panorama.html (2015-06-03)
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  • TicoNET Real Estate - Real Estate Information - Estate Planning in Costa Rica
    question Needless to say in practice this procedure abounds with possibilities for confusion and delay as well as greater expense while local assets risk remaining in a legal limbo awaiting the completion of this bureaucratic process This situation can be avoided to a great degree by following my standard advice provide estates in different countries separately such that each group of assets is handled locally with as little complication as possible Before beginning this process you should be aware that Costa Rican civil code already makes provision for the most common cases by establishing an order of heirs First in line are spouses and children who by law and to the exclusion of all others inherit the entire estate The successive orders of inheritance then go on from surviving parents to lesser degrees of kinship and finally to the local Board of Education by default This coupled with the legal principle that an estate is deemed to be accepted by the heirs only to the extent that it has a positive net worth coincides with the most common desires in disposition of estates The problem lie in how to ensure a different earlier or conditional distribution of the estate There are several possibilities in Costa Rica LAST WILL AND TESTAMENT TESTAMENTO IN SPANISH This option can take one of several forms under civil code law such as the following 1 an open will drafted by an attorney in a notarial protocol book with three witness two of whom must speak the language of the devisor person making the will if that language is not Spanish 2 a handwritten and sealed will deposited with and certified by an attorney notary public 3 an open will with six witnesses or with four witnesses when handwritten by the devisor 4 wills given legal status due to emergency situations In practice option 1 is most frequently used because it includes legal advice greater privacy through fewer witnesses and security through registration in the National Archives This of course implies a court probate procedure which can be shortened and handled privately with court permission if all of the heirs are of legal age and of one accord LIVING TRUST FEDEICOMISO IN SPANISH This identical for practical purposes to the Common Law concept whereby assets are placed in the care of one or more trustees who are legally bound t manage the trust assets according to the conditions of the trust agreement once the trustor passes away to profit the beneficiaries Assets can thus be transferred while you are in good health and under conditions that will not vary once you pass away or at the whim of the beneficiaries STOCK HELD CORPORATION SOCIEDAD ANONIMA IN SPANISH Another conventional measure is to transfer a stock held corporation to the control of heirs upon the passing away of the owner s by means of a preassignment of the stock This option however requires extra precautions in Costa Rica Since Bearer Shares are not allowed in Costa Rican

    Original URL path: http://www.ticonet.co.cr/real-estate/estate.html (2015-06-03)
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  • TicoNET Real Estate - Real Estate Information - Transactions and Financing in Costa Rica
    i e a bank finance company In Costa Rica a mortgage can only be created by way of a written instrument which is witnessed and recorded by a Notary Public 129 Unless the mortgage instrument is executed in this prescribed manner it will not be accepted for recordation by the Public Registry See Appendix 12 for sample mortgage instrument A Mortgage Closing Costs In addition to any points which the lender may charge it is customary for the borrower to pay for the costs of drafting and registering the mortgage instrument in the Public Registry A mortgage can be created simultaneously at the time of sale by adding a mortgage clause in the transfer deed Or a separate mortgage instrument can be drafted Both have separate costs involved and the reasons for choosing one method over the other will depend on the particular situation of the borrower A mortgage clause within a transfer deed pays registration fees of 0 25 and approximately 0 53 in documentary stamps of the amount of the mortgage A separate mortgage instrument pays 0 50 in registration fees and approximately 0 53 in documentary stamps The Notary will also charge for drafting the mortgage instrument and that fee can range from 0 625 to 1 25 of the amount of the mortgage depending on the circumstances and complexity which is involved 4 2 Foreclosure Foreclosure is the method by which the mortgage property or proceeds from the sale is applied to the satisfaction of the debt or obligation The most common method of foreclosure is by judicial sale of the mortgaged property In Costa Rica such a procedure is authorized by the Civil Code and requires that all the parties to the mortgage be given proper notice of the foreclosure 130 If the senior mortgage holder purchases the property he will do so free of all encumbrances If the foreclosure property is purchased by a junior lien holder he will take title subject to the senior mortgage 131 4 3 Mortgage Bonds Cedulas Hipotecarias The Costa Rican Civil Code provides an alternative financing tool in the form of negotiable bonds which are guaranteed by a mortgage on real property 132 In order to issue these mortgage bonds the property must not be encumbered by other mortgages The manner in which this works is that an owner of real property decides to issue bonds with a given value The owner drafts a written instrument which is witnessed and recorded by a Notary Public in the Public Registry After recordation the Public Registry issues the mortgage bonds to the owner of the property The owner does not become personally liable for the bonds Instead the bonds are backed by a mortgage on the property As needed the issuer of the bonds can sell them for cash or exchange them In practice this system is not as popular as a conventional mortgage and is seldom used INCLUDE CEDULA HIPOTECARIA 5 Landlord Tenant The laws governing the rights and duties of landlord and tenant are found in provisions the Civil Code and its procedures and the law of leaseholds of 1939 and its subsequent reformations 5 1 The Leasehold A leasehold is an estate in land This means that the tenant who occupies a property acquires a present possessory interest in that property and certain rights and liabilities flow from this property relationship between the landlord and the tenant These rights and duties are governed by the Civil Code and the Tenancy Law Ley General de Arrendamientos Urbanos y Suburbanos No 7527 See Appendix 13 for sample residential lease 5 2 The Tenancy Law The law which has governed Landlord Tenant relations in Costa Rica since 1939 was repealed by the Costa Rican Legislature on August 14 1995 The new Tenancy Law Ley General de Arrendamientos Urbanos y Suburbanos No 7527 borrows extensively from Landlord Tenant legislation in Chile Mexico and Uruguay The law applies to written and verbal contracts which relate to real property used for residential or commercial purposes Those contracts that are not encompassed by the Tenancy Law must be resolved pursuant to the Civil Code provisions The new law is divided into 12 chapters as follows 1 Objectives and the Rental Contract Chapters I IV As stated by the Legislature the purpose of the law is to harmonize the right of each individual to decent and adequate housing with the right of freedom of contract and economic development With that in mind it should be pointed out that any agreement which contravenes the clauses of the Tenancy Law are deemed invalid As to the content of the rental contract the law specifies that the written agreement must contain as a minimum the following information a Name personal data of the contracting parties b Legal description of the property c Detailed description of the property and its condition d Furniture or items which are to be included in the rental contract e The specific use for the property i e residential commercial f Price and method and place of payment g The rental term h Legal domicile for Service of Process i date of the contract 2 Landlord Duties Chapter V The landlord has a duty to deliver to the Tenant the premises in habitable condition for their peaceful and quiet enjoyment Failure to comply with these duties may result in a constructive eviction entitling the Tenant to damages In the case of emergency repairs the law gives the Landlord 10 days from the date of notice to effectuate emergency repairs Failure to do so entitles the Tenant to withhold a portion of the rent to cover the cost of the repairs Art 35 3 Tenant Duties Chapter VI 1 Duty to pay rent The Tenant has a duty to pay rent on the date specified in the contract 2 Use of the Property The Tenant may not alter the intended use of the property without the written consent of the Landlord Art 45 Failure to comply with this provisions gives rise to a cause for eviction 3 Duty to conserve the condition of the premises A Tenant has a duty to maintain the premises in good condition and return it in the condition it was received Art 47 The Tenant will be liable to the Landlord for any deterioration or damage caused to the property that is the result of the Tenants negligent or intentional act The new law gives the Landlord the right to inspect the premises during reasonable hours once a month Art 51 4 The Price and Term of the Rental Contract Chapters VII VIII 1 Duty to Pay Rent The Landlord and the Tenant may freely establish the price of the rent It is the Tenants responsibility to pay the rent on the agreed upon date and at the agreed upon place If no place is specified for the payment of the rent then the law will presume that it is at the leased premises 2 Rental Increase In residential leases the law establishes a formula for rental increases in Colones that may not exceed 15 per year If the inflation rate for a particular year exceeds 15 then the government will set the maximum rate allowed for that year If the residential lease contract is in U S dollars the law does not allow an annual increase for the lease term For non residential leases the parties are free to set the period form and amount of the rental increase 3 The Duration of the Lease The duration of the rental contract may not be for a period of less than 3 years This means that if a Landlord signs a one year lease and the Tenant refuses to vacate at the end of the year he has the right to automatically renew whether the Landlord approves or not until completing the three years authorized by the Tenancy Law Art 70 In order to terminate the Lease contract the Landlord must give the Tenant a 3 month written notice Failure to do so will result in an automatic renewal of the 3 year lease term 5 Transfer Assignments and Subleases Chapter IX 1 Transfer If the leased premises are sold or transferred the rental contract goes along with it Art 75 2 Assignments and Subleases The Tenant is not authorized to Assign or Sublease the leased premises unless there is a n express authorization from the Landlord Art 78 If the Tenant does not comply with these provisions the law will presume that he has abandoned the premises which may result in a rescission of the contract 6 Rules Governing Low Income Housing Chapter X The law contains several provisions which are only applicable to residential properties that have been approved by the Mortgage Housing Bank Banco Hipotecario de la Vivienda as low income housing 7 Termination of the Rental Contract Chapter XI 1 Causes for Termination Pursuant to the Tenancy Law a rental contract may terminate if a The contract is deemed null pursuant to Articles 9 10 14 23 and 24 of the law b Rescission of the contract pursuant to Article 30 and 38 of the law c Eviction pursuant to Article 27 and 28 of the law d Loss or destruction of the leased premises e Expiration of the lease term f Expropriation of the property 2 Termination for Cause attributable to the Tenant The Landlord may request the termination of the contract if the Tenant a Does to pay the rent as agreed b Fails to preserve the condition of the leased premises c Does not abide by Condominium by laws d Changes the intended use of the leased premises e Fails to comply with the Landlords request for an inspection of the premises f Damages the leased premises g Abuses the scope of the lease pursuant to Article 78 79 81 85 of the law 3 Termination for Causes Attributable to the Tenant The Tenant may request that the contract be terminated if the Landlord a Does not deliver the premises in a habitable condition b Fails to maintain the property or complete agreed upon repairs c Alters the premises or engages in construction without the authorization of the Tenant d Interferes with the peaceful and quiet enjoyment of the leased premises e Fails to pay for agreed upon Utility services 8 Eviction and Rental Increase Procedures Chapter XII Legal actions for eviction of a tenant or for a rental increase must be filed in the Municipal Court Alcaldia where the leased property is located The action proceeds pursuant to the Summary Procedure proceso sumario set forth in Article 432 of the Costa Rican Code of Civil Procedure Codigo Procesal Civil 5 2 Procedures to Remove a Tenant A The Complaint in Summary Procedure The Costa Rican Code of Civil Procedure specifies that tenant eviction cases may proceed pursuant to the summary procedure set forth in the Code 137 The purpose of summary procedure is to expedite the judicial process Summary procedure is available if the grounds for removal of the tenant is based upon 1 Failure of the tenant to pay rent 2 termination of the rental contract and or other grounds which are established by law 138 The eviction process pursuant to the summary procedure is initiated by filing a complaint with the court and serving the tenant with a summons The complaint must indicate the names of the parties the factual and legal basis for the complaint and the legal description of the property 139 The tenant has five 5 days in which to respond to the complaint for eviction by filing an answer setting forth any of their defenses 140 If the tenant files an answer and formally opposes the complaint for eviction the court will allow three 3 days for the taking of evidence At the close of this evidentiary period the court will analyze the evidence and issue its final judgment within ten 10 days 141 If the tenant fails to respond and or oppose the complaint for eviction then the court will enter a default judgment and no further action will be required by the landlord 142 B The Writ Of Possession and Damages Once the court issues a Final Judgment it issues a Writ of Possession which commands the police to restore possession of the premises to the owner If need be the police is authorized to place the personal property of the tenant in storage at his expense 143 Once the tenant is removed and the eviction complete the landlord is entitled to file with the court a separate motion requesting damages incurred as a result of the eviction action 144 6 Condominium Law The word condominium means control over certain property owned jointly with one or more other person The main characteristic of the condominium is that the condominium purchaser acquires ownership title in the unit together with an undivided tenancy in the common interest with other unit owners in the common areas In Costa Rica the rules and regulations pertaining to condominiums is known as the the Law of Horizontal Property Ley de Propiedad Horizontal 145 6 1 Creating the Condominium The condominium is created by recording a declaration in the Public Registry See Appendix 14 for requirements to establish a condominium The declaration will contain among other things a legal description of the underlying land a description of the building structures that will comprise the project a legal description for each unit and a description of the common areas 146 The declaration will also assign to each unit a percentage which is determined by dividing the initial value of the unit by the value of the whole project 147 This percentage is then used to determine the unit owner s percentage interest in the common areas 148 to calculate each owner s liability for maintenance of the common areas and improvements 149 to determine the weight of each unit owner s vote for matters related to the condominium 150 The condominium law also requires that the declaration contain the By Laws which govern the administration of the condominium 151 This determination is necessary since the law requires that the administration of the condominium building be entrusted to an administrator 152 6 2 The Unit and Common Areas The common areas make up all of the condominium project except the inside of each individual unit Common areas include the ground on which the condominium buildings are located entry ways parking areas gardens and all other parts of the property that are necessary for the existence maintenance and safety of the structure 153 A Rights and Duties of Unit Owners The condominium law allows a unit owner to freely transfer mortgage encumber and or contract out their ownership interest in the condominium 154 Unit owners are required to use their property in accordance with the restrictions included in the condominium declaration document In addition the condominium law expressly prohibits any acts by unit owners which will interfere with the quiet use and enjoyment of the property by other unit owners or which threatens the health safety and welfare of the building The exterior decoration and facade of the units must be uniform and cannot be varied 155 The unit owners are required to proportionately contribute to the expenses incurred by the condominium to administer maintain and operate the common areas The condominium law specifically states that the unit owners are responsible for following common expenses i Any tax liability that affects the property ii insurance premiums iii expenses relative to the administration maintenance and cleaning of the building and the common areas iv costs of utilities incurred in operating common areas v authorized repairs and improvements made to the building or the common areas vi expenses incurred by the administrator vii other expenses which have been authorized by the owner s association viii the cost of acquiring common goods 156 6 3 Managing the Condominium and the Owner s Association A Administration and Management of the Condominium The condominium law requires that the condominium be managed by an administrator This administrator is appointed pursuant to the By Laws for the condominium which was filed with the declaration The law requires that the By Laws provide for i the method for appointment and termination of a building administrator ii specify the method of assessment of unit owners iii governance of the owner s association iv use and limitations of the common areas and v it must name the administrator for the first period 157 The condominium administrator has a duty to care for the administration and maintenance of the building 158 This includes collecting all assessment fees and maintaining financial statements relative to the income and expenditures of the association 159 B The Owner s Association The purpose of an owner s association is to promote and enforce uniformity within the condominium and to allow the unit owner s to pool their resources for the benefit of the association Each owner is a member of the owner s association All regulations governing the meetings and voting of the owner s association must be set forth in the By Laws previously discussed The law requires that the owner s association meet at least once a year A quorum of the owner s association requires that 2 3 of the value of the building be present The number of votes to which each owner is entitled is equal to the percentage of the total value of the building and the value of the owner s property Any resolutions adopted by the owners association must pass by majority vote present at the meeting 160 A meeting of the owners association may be convened by the building administrator or by unit owners if they represent at least 1 3 the value of the building 161 At the meeting the building administrator must deliver the annual report and financial statements to the association At this meeting the annual budget is

    Original URL path: http://www.ticonet.co.cr/real-estate/transactions.html (2015-06-03)
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  • Starwood Hotels Opens First All-Inclusive Resort in Costa Rica
    pool The Westin Resort Spa Playa Conchal is adjacent to the championship Robert Trent Jones II golf facility and is easily accessible from the international airport in Liberia Guanacaste Inspiring wellness with its signature Westin The Spa the resort features beautiful gardens luxurious suites thatch roofed bungalows as well as breathtaking vistas Guests will enjoy a variety of outdoor recreation and nightly entertainment and several restaurants serving both local and international cuisine Costa Rica is an increasingly popular destination for tourists and leisure travelers and a terrific location for our first all inclusive Westin Resort said Osvaldo Librizzi President of Starwood Hotels Resorts Latin America Recent growth in the all inclusive luxury resort market in Mexico and Central America coupled with increasing demand from our SPG members for vacation packages have created fertile conditions for our entry in the all inclusive market Westin currently has six hotels in Mexico and one in Guatemala and will be opening four more in Latin America during the next two years including The Westin Lima Hotel Convention Center Peru The Westin Guadalajara Mexico and two in Panama The Westin Panama and The Westin Playa Bonita We are especially proud to be associated with Starwood in the management of The Westin Resort Spa Playa Conchal said Helmuth Sauter Director of Reserva Conchal The conversion of this scenic and restful retreat allows us to maintain our commitment of bringing outstanding all inclusive service to our guests while introducing the Westin brand s signature services and amenities to one of Costa Rica s most desirable destinations The soothing Westin Sensory Welcome creates an oasis of calm as guests enter the resort with its subtle White Tea by Westin fragrance gentle music botanicals and mood lighting The brand s world renowned 10 layer Heavenly BedTM is designed to provide guests with a deep undisturbed night s sleep that energizes body and brain The Westin Heavenly Bath experience transforms guests shower or bath time into an intensely rejuvenating spa like experience An ideal venue for weddings social galas and business functions The Westin Resort Spa Playa Conchal features 6 500 square feet of meeting and banquet facilities as well as a WestinWORKOUT gym enabling guests to maintain their exercise program and stay in the best possible shape physically and mentally The Resort was selected by Condé Nast Traveler Magazine as one of the Top 25 Foreign Golf Resort in 2010 Westin Hotels Resorts like all brands within Starwood s robust portfolio is proud to offer the Starwood Preferred Guest program which made headlines when it launched in 1999 with a breakthrough policy of no blackout dates on Free Night Awards SPG offers members the ability to redeem awards at more resorts more luxury properties more European hotels and more golf properties than any other hotel program About Westin Hotels Resorts Westin Hotels Resorts makes the healthiest choices irresistibly appealing so guests leave feeling better than when they arrived With over 170 hotels and resorts in over 36 countries and

    Original URL path: http://www.ticonet.co.cr/costa-rica/readings/110511.html (2015-06-03)
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  • Paradisus Resorts Announce the Opening of a New Luxury Eco Resort in Papagayo Bay, Guanacaste, Costa Rica
    to the region will continue the brand s successful development of Guanacaste as a luxury destination Located on the Northern Province of Guanacaste Paradisus Papagayo Bay is being developed on 21 hectares of dramatic landscape complying with all five star resort specifications The 381 room eco luxury resort s design cascades to the beach below on one of the world s most stunning bays Featuring breathtaking views from virtually any location on the property its five restaurants and five bars will provide guests with multiple settings in which to enjoy food and beverage while admiring the region s natural beauty The resort will boast many of Paradisus brand assets including a YHI Spa and Health Club the renowned adults only Royal Service level of accommodations and the Family Concierge program In addition to amenities that cater to the leisure guest Paradisus Papagayo Bay will also feature 19 000 square feet of meeting facilities with the business traveler in mind SunVesta and DIA are thrilled to be partnering with Paradisus Resorts on this project where we will combine high end luxury with a sustainable eco friendly development concept resulting in a world class eco luxury resort with the highest service standards commented Josef Mettler President and CEO of the SunVesta Group We believe in investing in prime locations and working with the best companies to achieve the best ecological and financial results and this project couldn t be a better example of our credo We are proud to be a part of SunVesta and Paradisus Resorts extraordinary project at Papagayo Bay commented Jose Manuel Aguero President of DIA As SunVesta s Costa Rican partner our excellent local network will contribute to this development s great success SunVesta has enlisted the services of WingField Corporation Inc as master developer of Paradisus Papagayo Bay This is a truly exceptional project WingField President Henk Habers said It is destined to be one of Central America s premier resorts WingField was instrumental in the negotiations leading to the transaction realization in its capacity of advisor to SunVesta We are looking forward to the commencement of this project and to future cooperation with SunVesta and Sol Melia said Dean Johnson Chairman and CEO of WingField Paradisus Resorts known for exuding sophistication and luxury prides itself on the no hassle premium service upscale vacation experience In addition to Paradisus existing five properties in the Americas expansion plans include the opening of two resorts in Playa del Carmen Mexico and the development of a property in Salvador de Bahia Brazil in the next three years Paradisus is projected to double its portfolio of properties by 2013 About Sol Melia Sol Melia was founded in 1956 in Palma de Mallorca Spain and is one of the world s largest resort hotel chains as well as Spain s leading hotel chain in both the business and leisure markets It currently provides more than 300 hotels in 26 countries on 4 continents under its brands Gran Melia http www gran melia

    Original URL path: http://www.ticonet.co.cr/costa-rica/readings/110504.html (2015-06-03)
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  • In a Costa Rica Town, the Surf's Up—And So Is Tourism
    by spending two hours thrashing against the face of the waves The four men are the only ones in the water until a couple local surfers join in p Swindell takes photos of his clients so they can show them to their families back home and post them on Facebook A couple of European women tourists sun on the beach and occasionally stare out at the surfers It is a pristine scene It s sort of an escape from the pressures of home life and U S What can be better than a jungle beach paradise Pelham says later Five days here are worth three months back home p Nearby Camaronal is a small beach town called Playa Guiones but known as Nosara Beach by nearly everyone The small community is made up of American expatriates who began arriving 30 years ago and local Costa Ricans or Ticos The economic recession that hit the U S and reverberated throughout the world was felt harshly in this tight knit community The last two years there was a pronounced drop in the surfers eco tourists and yoga students who normally account for most of the visitors here This season seems better than last season and the season before was real bad Swindell says Last year it was good for two months then it just died Swindell 35 is a photographer who left his cozy IT job in Florida three years ago in order to follow his dream and surf in one of the top spots on earth After going through his life savings he now takes photos of tourists and locals surfing For the visitors the pictures serve as souvenirs For the locals they secure bragging rights on Facebook and at local hang outs American Bram Shook 40 has lived in Nosara for over a decade ever since visiting on vacation and deciding to stay I wanted to get out of the suit and get out of the rat race he says A successful realtor here for Century 21 he reports that business boomed between 2002 and 2007 then dropped precipitously What happened up there with economy it happened down here he says Everyone was left with their jaws open because it just happened so quickly The drop was devastating says Shook who is also a community leader founding the town s largest private school Del Mar Academy with his Costa Rican wife However this year has shown an upswing In January a World Economic Forum report said Costa Rica was the 5th most popular country for Americans to visit in the Western hemisphere Has surf tourism played a role in this upward growth Without a doubt says Shook Surfing is a billion dollar industry and growing The Americans that come down here think they are Spiccolli from Fast Times but they are also executives and professionals who come down with their families They surf The wives are here with kids as they play in the sand Over the winter Playa Guiones

    Original URL path: http://www.ticonet.co.cr/costa-rica/readings/110418.html (2015-06-03)
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