SunVesta Swiss Holding Group began construction of a luxury resort in the Gulf of Papagayo, in the northwestern province of Guanacaste, which plans to begin operations in late 2014.
The new project, called Paradisus Papagayo Bay Resort & Luxury Villas, will have 382 deluxe rooms, nine restaurants, eight bars and a beach club. It also will have facilities for business meetings.
The project replaces the Paradisus Playa Conchal hotel and is being built in cooperation with Paradisus Resorts, the flagship brand of Meliá Hotels International.
Total construction of Paradisus Papagayo Bay will cover 21 hectares and “meets all required specifications to qualify as five-star hotel,” the company stated in a press release.