December 14, 2017

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Costa Rica's Acclaimed Peninsula Papagayo Announces Plans To Develop Next Generation Of Environmentally Designed Luxury Oceanfront Villas Managed By Four Seasons Hotels And Resorts

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MIAMI, Dec. 7, 2017 /PRNewswire/ — New ownership led by Gencom, a leading Miami-based international luxury hospitality and residential real estate investment and development firm, today announced that Four Seasons Hotels and Resorts, the world’s leading luxury hospitality company, will assume management of a new collection of environmentally designed private villas and estate homes set to commence construction in February 2018. Construction completion is targeted for mid-Q4 2019.

Four Seasons Private Residences Prieta Bay at Peninsula Papagayo. Photo credit: Ecodesarrollo Papagayo, LTDA

The exclusive enclave of 20 wholly owned properties will be known as Four Seasons Private Residences Prieta Bay at Peninsula Papagayo, situated on 17 acres of prime oceanfront real estate adjacent to the famed Four Seasons Resort Costa Rica. A private path will connect the new neighborhood to Four Seasons, a member-only beach club and two nearby beaches.

A special founders release will be offered for sale in January under a priority reservation program. Prices are expected to start in the mid-$3MMs. Ownership is planning a public release later in 2018.

“Four Seasons is admired worldwide for their service culture and delivering experiences of exceptional quality. The combination of next generation residential design and construction with legendary Four Seasons service and amenities will create an extraordinary lifestyle unlike any other,” said Karim Alibhai, founder and principal of Miami-based Gencom. “The amazing experiences that are Four Seasons hallmarks will become part of daily life on Prieta Bay.”

“Four Seasons Private Residences Prieta Bay at Peninsula Papagayo will offer the best in sophisticated environmental design and luxurious finishes,” says Paul H. White, Senior Vice President and Co-Head of Residential at Four Seasons Hotels and Resorts.  “This is a unique opportunity to extend our presence in Costa Rica and offer discerning collectors the finest Four Seasons residential experience in one of the world’s most sought after eco-adventure playgrounds.”

Innovative organic design by renowned Costa Rican architect Ronald Zürcher takes inspiration from repeating patterns found in flora, fauna and pre-Columbian seals discovered on site.

Each private residence appears to grow out of the landscape, inviting the outdoors in. Gorgeous glass walls and thoughtfully designed windows and pocket doors meld interior and exterior spaces, making the most of spectacular views and providing an unparalleled closeness to nature. Casual furnishings and clean lines lend a modern aesthetic. The

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