Marriott International, Inc. (Nasdaq: MAR) announced today a signed agreement with Solana PA, S.R.L. to debut the iconic St. Regis Hotels & Resorts brand in Costa Rica. The development of this visionary project, which will span 20 hectares on the Gulf of Papagayo in the Guanacaste region, is expected to begin in July of this year, with a planned opening in early 2027.
Today, Hilton (NYSE: HLT) announced the signing of the first Waldorf Astoria Hotels & Resorts property in Costa Rica, the new-build Waldorf Astoria Guanacaste, currently under construction and expected to open in 2025. Exceptionally located on a peninsula with unobstructed ocean views, Waldorf Astoria Guanacaste will offer 190 guest rooms and 25 Waldorf Astoria branded residences in the tropical paradise of Guanacaste known for its dramatic scenery, lush forests and beautiful beaches. The property will focus on sustainable luxury with an emphasis on architecture that blends into the surroundings, native flora and fauna, and offerings that connect guests with the natural environment. All resort vehicles utilized on the property will be electric.