Ramada to Open New Jacó Luxury Resort

December 24, 2008

Expecting a bit of uncertainty in 2009, the real estate and construction sectors in Costa Rica are welcoming a large, Ramadarun hotel and condominium venture on the central Pacific coast.

The project, called JacóBay, will consist of two hotel towers and five condominium buildings, the last of which is being built and is about 60 percent finished. After completion, the project will have about 190 condo units and 200 rooms within the hotel complex.

The project broke ground in 2006 and will be managed by the Ramada Plaza Herradura Hotel.

Issa Ladha, president of the Ramada Plaza Herradura, said he is confident this project will survive the economic uncertainty affecting many developments around the country.

“We bring very good news to a market where everybody is folding,” Ladha said. The project has generated about 800 jobs in the area during its peak construction period and about 800 more indirect jobs through contracting posts, said César Zingone, president of Grupo Zeta, the developer of JacóBay.

An additional 200 to 250 jobs will be created in the hotel and condominium management sectors once the hotel and the condos are up and running by next November, Ladha said.

With 45,000 square meters of construction area and an estimated $70 million price tag, JacóBay has so far taken about 20 months to build.

The project will have a “soft opening,” in which 50 of the units already furnished and equipped with 24-hour security service are scheduled to be unveiled on Christmas Eve.

The condominiums will be rented for $30 to $60 per person per night. The hotel rooms at the JacóBay luxury resort would cost $150 per night, said Gustavo Segura, general manager for the Ramada Plaza Herradura Hotel.

–Vanessa I. Garnica

 

You may be interested

Adaptive surfing, part III: Riding the waves with Noah
sports
78 views
sports
78 views

Adaptive surfing, part III: Riding the waves with Noah

Ellen Zoe Golden - May 25, 2018

Part III in a series on adaptive surfing in Costa Rica. Read Part I, about the country's association for disabled…

It’s frog orgy season
Environment and Wildlife
1182 views
Environment and Wildlife
1182 views

It’s frog orgy season

Lindsay Fendt - May 25, 2018

The rainy season is upon us. For many of us that means hiding indoors for the next few months, but for Costa…

Costa Rica’s guilty voters
No Sugar Please
142 views
No Sugar Please
142 views

Costa Rica’s guilty voters

Álvaro Murillo - May 25, 2018

By what I have done, and by what I have left undone. A relative of mine is 70 years old…