Hotel Paradisus Papagayo Bay
Hotel construction just began, May 2014:
SunVesta Holding AG, a Swiss private equity development and investments in real estate began construction of its new flagship real estate development in the Bay of Papagayo, Costa Rica on the Pacific, and will open in the last quarter of 2014.
The new building, named Paradisus Papagayo Bay Resort & Luxury Villas is done in cooperation with Paradisus Resorts operated by Meliá Hotels International. The new complex is part of the expansion of the brand, which included the opening of three Paradisus properties in Mexico: Paradisus Cancun in December 2012, and two resorts in Playa del Carmen, Paradisus La Perla and Paradisus La Esmeralda, in November 2011.
