Grand Caribbean Resort Planned for Limón

March 31, 2006

Construction on a $40 million, five-star Grand Caribbean resort in the eastern province of Limón is slated to begin in 2008 – the first large-scale tourism project built in the area.

The resort, which will include a marina, 250-room hotel, 27-hole golf course and clubhouse, as well as at least 200 condominiums and villas, is proposed by ECI Ltd., the same company building the $55 million Gran Pacífica resort now under construction in Nicaragua, according to the weekly El Financiero.

U.S. citizen Mike Cobb, president of ECI Ltd., bought the 1,200-hectare property for Grand Caribbean – 16 kilometers north of the port city of Limón, next to the MatinaRiver mouth – last month. The land previously belonged to Warren Stetson, heir of the Stetson hat fortune.

ECI has not yet begun the process of obtaining the necessary building permits, El Financiero reported. Cobb said he plans to invest significant funds in environmental protections at both the Costa Rican and Nicaraguan projects.

Two Costa Rican companies, Gálvez & Volio Asociados and Zürcher Arquitectos S.A., are participating in the design and construction of the Nicaraguan project and may work on the Limón site as well, accordingly to the weekly.

Cobb told The Nica Times last month that he thinks of his development efforts in Nicaragua as “a mission from God,” since the resort will “change the way that Americans think of Nicaragua” and create sustainable jobs. The businessman, 31, is a Pennsylvania native and the founder of Belize’s first private mortgage bank.

A major U.S. hotel chain has agreed to manage the hotel, an hour southwest of the city of Managua, once it’s built. Though the name of that chain has not been officially released, Cobb said a Marriott executive has met with investors (NT, Feb. 3).

 

You may be interested

Costa Rica at a glance: top news from the past week
The Alvarado Administration
100 views
The Alvarado Administration
100 views

Costa Rica at a glance: top news from the past week

The Tico Times - May 21, 2018

Newly inaugurated Costa Rican President Carlos Alvarado is closing in on two weeks on the job. Here are some of…

PHOTOS: International Museum Day in Costa Rica
Arts & Culture
115 views
Arts & Culture
115 views

PHOTOS: International Museum Day in Costa Rica

Mitzi Stark - May 21, 2018

May 18 is International Museum Day, and Costa Rica celebrated with 31 mini-museums all in one at the Casa del…

Costa Rica, Panama refuse to acknowledge Venezuelan election results
Latin America
149 views
Latin America
149 views

Costa Rica, Panama refuse to acknowledge Venezuelan election results

AFP - May 21, 2018

Costa Rica and Panama were two of 14 countries in the Americas to announce they would not acknowledge the results…