Investment Opportunities

Exquisite housing development of 20 houses and 24 lofts, that gathers the concepts of tropical nature, comfort and modern architecture.  It is located in Escazú just minutes away to all the area amenities. 

1000 m2 of natural paths, biometric access to the houses with fingerprint reader, clubhouse with pool, extensive entertainment area for children, business center with wireless network, fax, photocopier, scanner and phone system IP.  All the wiring of the project is underground and up to 4 telephone lines can be installed in all houses. 

Three models are available- 237 m2 - 240 m2 - 247 m2 (construction).  You combine 2-floor with 3 rooms + service and 3 complete baths + visitors bath.  Flats of bamboo and Spanish porcelain,  custom wood kitchen cabinets by Euromobilia, granite or quartz countertops, sliding doors (natural aluminum and azure glass).  The houses are pre-wired for home theater.  All the rooms include walk-in closet, and the master bedroom  is completed by a private bath.  Extensive terraces and gardens. 

Prices start at $299,000 

Lofts of 155 m2 with 2 rooms and 2 complete baths.  Flats of bamboo and Spanish porcelain,  custom wood kitchen cabinets by Euromobilia, granite or quartz countertops, sliding doors (natural aluminum and azure glass).  Extensive terrace and impressive views of the Central Valley. 

Prices start at $210,000

The whole project is designed under the strictest American quality standards which will assure there are no problems  with the new insurance companies entering Costa Rica as the market opens to competition.

Do not let this magnificent opportunity pass - The highest quality at an accessible price in the best zone of the city. 

CONTACT US NOW FOR MORE INFORMATION. 

This Private 28 + “Beachfront Residence” Hideaway Resort, is simply breathtaking. The exclusivity of Palo Seco, known as “Paradise Island," with its one entrance, the maximum of Resort Security and seven kilometers of deserted coconut palm lined beach, is unparalleled.

Palm trees, wildlife, 200 species of exotic birds, monkeys, inland sport fishing and ocean breezes abound as the seemingly endless cinnamon sand beach opens before you, just as you are among the first to be introduced to this exclusive hideaway. Cocomar is the first Resort of its kind on the central coast, just over two hours from the Juan Santamaria Airport, setting an incredibly high standard for the future of Paradise Island and for the enjoyment of a Private Few …

To further enhance the opportunity of this pristine hideaway, CocoMar is pleased to announce the collaboration of the Ramada Resorts International Hotel Group with CocoMar for the hotel operations of these Oceanside jewels.

Costa Rica has had an estimated annual appreciation of land value over the past five years of 35% on average, making Costa Rica Real Estate a worldwide investment phenomenon…

Combine these two winning facts with the tranquility of the Pura Vida lifestyle that Costa Rica and specifically Palo Seco, Paradise Island offers, and there is a very compelling reason to enjoy the ownership benefits of The Ramada CocoMar Beach Resort.

OVERVIEW:

The Ramada Cocomar Beach Resort has been designed as an exclusive hideaway and the first resort of its kind on the Central Coast. Located just over two hours from the Juan Santamaria Airport, this project sets an incredibly high standard for the future of Isla Palo Seco.

This condo hotel resort is currently planned to have eight traditional tropical style villas housing 34 condos with “lock-offs," which will equate to 72 hotel keys. These condo suites will total four, three bedroom and thirty, two bedroom in the current plans. Each villa will contain four to six luxuriously furnished and fully equipped condominiums. The resort will operate and manage the condo/hotel units for the owners and will subsequently split the proceeds in a 60/40 manner. The project spans 110 meters of beachfront on over 12,000 square meters of land. Phase 1 of the project consists of three villas totaling 14 condos, 11 of which are pre-sold.

The offering price would include all current plans, a fully paid construction contract, ownership of all of the land mentioned, including all accounts receivable. The resort makes for a great investment as it allows the purchaser to recoup the initial investment from the selling of the condominiums, while still owning the resort and international flag hotel operations, which will produce a reliable cash flow - a true turnkey investment. If desired, the original condo buyers could be bought out and the Resort 100% corporately owned and expanded. The Resort owners would entertain a possible Joint Venture Partnership as an alterative to a complete buy out.

CURRENT DEVELOPMENT:

The first two villas are on course to open in May of 2009, while the remainder of Phase 1 is scheduled to complete in December, 2009. The entire construction of Phase 2 could be completed in approximately 14 months.

Star Rating:
Four star ****

Planned Development:
The current layout plan totals 72 keys
1 Villa of six two bedroom condominiums = 12 keys
5 Villas of 4 two bedroom condominiums each = 40 keys
2 Villas of 4 condominiums 2/3 bedroom = 20 keys

Management:
There is a 5-year renewable contract with RCI, one of the best management companies in the world.

Maintenance Fee:
The Monthly Maintenance Fee is $250 for a 2 Bedroom condominium and $300 for a 3 bedroom. There is also an estimated $8,900.00 per month in maintenance fees, once the project is completed.

Daily Rate:
The daily rack rate for 2 bedroom unit is $275 a night; $375 for a three bedroom and the daily rate for a single (studio) will be $125 per night.

Revenue Split:
Rental revenue is calculated as gross nightly rental revenue, less operating expenses, travel agent commissions, applicable taxes, credit card charges and franchise royalty fees to the chain and flag hotel provider. The net room rental revenue will be distributed on a quarterly basis, 40% to the management company and 60% to the condominium owner. Revenue statements will be sent to owners of the condominium within 30 days after each quarter ending March 31st, June 30th, September 30th and December 31st.

Project Rental Income:
To look at how much a simple monthly rental income model could produce, once the hotel is operational, let us make the following assumptions.
• A 70% Occupancy rate
• A 60% Expense to Rental Income ratio (listed as Operations Expense).
• Unit rentals as Studios only (returns are better when rented as 2 bedrooms).
Studio Daily Rate: $125.00
Occupancy: 70%
Average Daily Rate: $87.50
Operating Expenses (60 %) ($52.50)
After Expenses: $35.00
Percentage of Profits to Resort: 40%
Per Room Daily Profit to Resort: $14.00
Per Room Monthly Profit to Resort: $434.00
Keys: 72
Total Monthly Rental Profit to Resort: $31,248.00 (Studio)

Condominium Specifications:
Two Bedrooms: 190 m2 (2045f2)
Three Bedrooms: 210 m2 (2,260f2}

Fully furnished using a Bali, Hawaiian tropical theme, and dressed with all weather wicker furniture. Recessed lighting in living room and master bedroom. Light dimmers are provided in all areas. Kitchens are furnished with oak cupboards, granite counter tops and a breakfast bar. Master bathrooms have double bowl sinks with marble counter tops. Remote-controlled air conditioning, open bay windows, TV, fully equipped wet bar with optional ice maker, dependable safe, cable, high speed Internet and multiple phone outlets. Each bedroom boasts its own private terrace and is designed to offer privacy from the other bedrooms. Even though this is an ocean-front resort, it will also provide its guests with two swimming pools.

Economic Overview:
Costa Rica is one of the most successful economies in Latin America. A stable socio-political and economic environment, combined with a highly educated labor force, has attracted a large number of multinational firms to invest directly in the country. Real Gross Domestic Product (GDP) has increased 4.1% during the past two years, mainly driven by manufacturing, tourism and the service sectors, such as transportation, telecommunications and agriculture.

Tourism:
Tourism has been the main source of growth in Costa Rica for the past 20 years. Leading brands, such as Four Seasons, St Regis, Crown Plaza, Hyatt and Marriott, have chosen Costa Rica for its great potential to attract foreign investment. The country receives between1.8 to 2 million tourists annually, which generate $1.6 billions in earnings. One of the strong reasons Ramada Cocomar Beach Resort makes sense is because of the dramatic increase in tourism compared to the amount of hotel rooms available to them.

Location:
Ramada Cocomar Beach Resort is located on an Island, one side facing the sea and the other backed with a fresh water estuary. This estuary, as well as the area surrounding it, are teaming with wild life and are considered as a Garden of Eden within Costa Rica. The resort is located 5 km from a town of 20,000 people with grocery and necessary items and a medical clinic and 20 minutes from a small airport and fully equipped hospital. It is just over two hours from San Jose, 30 minutes from the town of Jaco, which is the fastest growing resort town in the country, and 25 minutes from Manual Antonio Park, the number one tourist destination in the country.

Maritime Zone:
This project is a concession land within the Maritime Zone, which means that it is renewed every 20 years. It is a lease hold and any land, excluding towns and cities, is generally considered Maritime Zone within Costa Rica.

Environmental Standards:
The Ramada Cocomar Beach Resort will operate beyond the country’s environmental standards by using a complete sewage treatment plant, waste recycling, chemical and salt-free swimming pools, as well as using organic cleaning products. Environmental building products have been chosen when available, including its red tile roofing that is fabricated from the recycled plastic bags used on the banana plantations throughout the country of Costa Rica. The Resort will include an abundance of beautiful tropical gardens, thus recreating a natural environment for the local birds, monkeys and animals on the island. Local organic foods and drinks will be offered to its concerned owners and clientele. Although air conditioning is available in all suites, the Resort is engineered to maximize the naturally cooling Pacific Ocean breezes, aided by adjustable speed tropical ceiling fans, both rendering a pleasurable and comfortable environment.

Be part of the future of Costa Rica!

PRICE: $3,500,000