Development Pipeline Scheduled for 2028

Andaz Residences Peninsula Papagayo

Costa Rica's Peninsula Papagayo to Unveil Second Oceanfront Andaz Residences Neighborhood near Andaz Peninsula Papagayo

Peninsula Papagayo today announced plans for a second oceanfront collection of Andaz Residences, following the debut of its initial phase in 2023. The new neighborhood near Andaz Peninsula Papagayo will feature 35 thoughtfully curated residences in two-, three-, and four-bedroom floor plans with elevated amenities and finishes. Early commitments from existing owners have already been secured ahead of the public release, a reflection of the neighborhood's resonance and the Andaz brand's appeal.

This collection of Andaz Residences is developed by Mohari Hospitality and Gencom, and designed by Predock, renowned for seamlessly integrating surrounding landscapes and local cultural heritage. The gated residential enclave is envisioned to celebrate the interplay between architecture and nature, offering expansive indoor-outdoor living spaces and private plunge pools. Most homes will feature private rooftop terraces that blur the distinction between indoors and out, framing sweeping, uninterrupted views of Culebra Bay. Each home will be serviced and managed by Andaz Peninsula Papagayo.

With the addition of a standalone oceanfront neighborhood, this new chapter of Andaz living offers heightened privacy and independence while maintaining effortless connection and proximity to the Andaz Peninsula Papagayo Resort, and amenities and lifestyle of Peninsula Papagayo. A private owners' clubhouse will include ocean-view terraces, a resort-style pool, fitness and wellness areas, co-working lounges, and an upper-level retreat serving light fare and refreshments.

Owners may participate in an optional rental program and club membership, providing exclusive access to the members-only Clubhouse at Prieta Beach, the Arnold Palmer Signature golf course, and Papagayo Park, a 20+ acre sports and wellness hub, which opened earlier this month.

The announcement follows a series of enhancements at Andaz Peninsula Papagayo Resort, including reimagined guestrooms and suites to better serve multigenerational families and extended-stay guests, a new Beauty Bar at Onda Spa and Wellness, expanded movement and martial arts programming at the Dojo, an enhanced live music schedule at Chao Pescao, and the launch of Gaio, a trattoria-style restaurant. Work is also underway on a significant expansion of Casa de Playa, the peninsula's oceanfront beach house retreat, which will introduce a new family pool area, expanded sunbed capacity, all-weather dining, an oceanfront bar, upgraded cabana service, and enhanced recreation amenities.

The new Andaz neighborhood coincides with the arrival of the new resort General Manager, Markus Laahanen. A Finnish Portuguese hotelier, Laahanen brings more than two decades of experience in luxury resorts and mixed-use projects across Europe, the Caribbean, Mexico, and the Maldives, including senior roles at Nizuc Resort and Spa in Cancún, Camiral Golf and Wellness in Spain, and Costa Navarino in Greece.

The new Andaz Residences at Peninsula Papagayo are priced from under $4 million. Details at peninsulapapagayo.com/luxury-real-estate/andaz-residences/.

The term "Hyatt" is used in this release for convenience to refer to Hyatt Hotels Corporation and/or one or more of its affiliates.

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Global in scale while local in perspective, the Andaz brand of luxury hotels weaves the sights, sounds, and tastes of each property’s surroundings for a distinctively local experience. Through thoughtful, unscripted service tailored for travelers, Andaz hotels enable guests to go beyond the familiar and satiate their curiosity while immersing them in the spirit of the eclectic culture around them.

Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company guided by its purpose – to care for people so they can be their best. As of June 30, 2024, the Company’s portfolio included more than 1,350 hotels and all-inclusive properties in 78 countries across six continents. The Company's offering includes brands in the Timeless Collection, including Park Hyatt®, Grand Hyatt®, Hyatt Regency®, Hyatt®, Hyatt...

Mohari Hospitality, founded in 2017 by entrepreneurial investor Mark Scheinberg, is a global investment company that engages in a broad range of real estate investment activities, with emphasis on luxury hospitality in prime urban and resort markets. Mohari’s investments include equity and debt in both development and operating assets and Mohari invests both independently and with partners.