Ramada To Build Central Pacific Resort
It has already been a big year for multimillion-dollar hotel plans in Costa Rica, and now the international Ramada hotel chain has thrown its hat into the ring with the announcement of its $45 million Ramada Resort and Residences Jacó Beach, with construction scheduled to begin on the Central Pacific coast later this month.
The project includes a four-star, 72-room resort and 228 apartments, according to a statement from Costa Rican company Grupo Zeta, for whom the project represents its first investment in the tourism sector.
It’s also the first time Ramada has lent its name to a residencial complex, according to Grupo Zeta Real Estate Marketing Manager Alvaro Valverde.
The first phase of construction, scheduled to begin in October, will include the hotel – which will feature two pools, wireless Internet, air-conditioning, a conference room, a spa and fitness center, a bar and restaurant, and a business center – as well as two 10-story towers with 38 apartments each.
Four more towers will be raised during the second phase of construction, with all construction complete within four years, the statement said.
The residences will be affiliated with Resort Condominiums International (RCI), an international timeshare network.
Through RCI, purchasers of Ramada apartments in Jacó will be able to exchange a stay there for a stay in other resorts around the world, according to a point system. Owners will also be able to rent out their apartments when not in use.
Grupo Zeta expects $80 million in sales during the first years of operation, with 150 jobs created by the first phase of construction.
You may be interested
The Tico Times Weekly Digest: March 18, 2019Alexander Villegas - March 18, 2019
OIJ joins the investigation into two police officers, the 737 Max is banned from Costa Rican airspace and some awesome…
Volunteer firefighters mobilize to protect Nosara from wildfiresAlejandro Zúñiga - March 18, 2019
Fueled by strong winds and unusually dry conditions, wildfires near Nosara, Guanacaste have forced a community of volunteer firefighters to…
Costa Ricans star as FC Cincinnati wins first MLS matchAlejandro Zúñiga - March 17, 2019
The match may have been played in Ohio, but all eyes were on Costa Rica’s stars as FC Cincinnati defeated…