Costa Elena - Cornerstones of a New Destination - Progress Newsletter #1

Bay Villa Artistic Illustration

Cornerstones of a New Destination August 2019

· A message from our Founding Partner · Ground Breaking at Las Mareas Estates · Inspirato Benefits at Las Mareas Estates

A SIGNIFICANT MILESTONE A message from our Founder

GROUND BREAKING AT LAS MAREAS ESTATES A Construction Progress Update

Costa Elena is a visionary master-planned community, where no efforts have been spared! After investing $230MM in the land, planning, permits, water rights, infrastructure, and community outreach, we proudly announce the groundbreaking of our very first beach residential community, Las Mareas Estates at Playa El Jobo.

Las Mareas Estates, an enclave of 20 perfectly land planned properties, is a contemporary collection of ocean-view turnkey villas and homesites. Prominent for its privacy, unique beauty, and dramatic ocean vistas, El Jobo Beach and Salinas Bay are the perfect setting for our first residential community.

Along with the successful and impressive 447 room Dreams Las Mareas Resort & Spa, opened almost five years ago, Las Mareas Estates is the cornerstone of a long-term development vision designed with mastery, patience and perseverance.

“ We welcome early investors to Costa

June 18, 2019, marks the beginning of the Las

After our successful development of the extraordinary Dreams Resort & Spa, we are excited, as construction will now really begin to accelerate in the new phases of development at Las Mareas in Costa Elena.

your Bay Villas and benefiting from years of unparalleled vacation experiences as well as potential returns on your investment.

We invite those in search of ground-floor investment opportunities, to consider our last available homesites and Bay Villas. Paired in an innovative partnership with worldrenowned Inspirato, our preferred property manager, and the future exclusive Boutique Mr. Carlos Pellas - Founder Hotel, this is a once-in-a-lifetime opportunity to join us for a legacy investment.

Welcome and congratulations to those of you who have already invested in Costa Elena. We Welcome to Costa Elena! have great news and will keep you updated on our construction progress, as well as Mr. Carlos Pellas - Founder future amenities in the resort. By summer 2020, some of you will already be enjoying

Elena, a forward thinking resort community in Costa Rica, backed by Pellas Development, the most recognized developer in the region.

Mareas Estates site preparation, followed by infrastructure work, mass grading, terraces and pouring of foundations on our Villas.

El Jobo Beach & Dreams Las Mareas Resort & Spa

�

Infrastructure work at Las Mareas Estates Bay Villas site

HOMEOWNERSHIP IN LAS MAREAS ESTATES COMES WITH INSPIRATO BENEFITS Costa Elena appointed INSPIRATO as its preferred property manager for Las Mareas.

Villa #18 - Bahia Salinas and Bolanos Island view

A leading luxury hospitality company with unparalleled expertise in residential travel, INSPIRATO manages an exclusive collection of more than 350 luxury vacation homes around the world to ensure consistency and exceptional service levels no matter the destination. INSPIRATO-ONLY travel experiences also take members behind the scenes of world-renowned events and oncein-a-lifetime expeditions.

INSPIRATO has been operating vacation rental properties in Costa Rica with great success and continued growth since 2013, a performance that speaks to the popularity of the destination with their sophisticated, luxury traveler membership base.

Villa #20 - Bahia Salinas

OWNERS IN LAS MAREAS ESTATES WILL ENJOY Bay Villa Entrance - Artistic representation

We anticipate delivering the first Bay Villas by summer 2020. Around that same time, we will also see construction in the homesites, as our pioneers are already designing the beach houses of their dreams.

Villa #21 - Bahia Salinas

A complimentary Family Membership offering access to INSPIRATO’S luxury residences, hotels and one-of-a-kind travel experiences worldwide.

Optional inclusion of your Costa Elena residence into INSPIRATO’S exclusive, world class rental program.

The most of every vacation experience, whether staying in your home in Costa Elena or traveling to another INSPIRATO destination.

“ We have created an enclave of only 20 ocean view residential properties that will be one

of our most exclusive communities in Costa Elena, in the same area where 4 years ago we inaugurated our succesfful Dreams Las Mareas Resort. I am confident that investing in Las Mareas Estates will reward early investors with important valuations, considering the limited inventory and the fact that we are offering these unique properties below market prices of luxury resort communities in Costa Rica.

With visitors’ growth above 8% a year and an international airport wih over 20 daily flights from the USA and Europe, Guanacaste, as a tourism and investment destination, is still a market with great opportunities.

”

-Mr. Carlos Pellas, Costa Elena Founder.

realestate@costaelena.com www.costaelena.com +506 2205 3872 +506 2205 7100 | @costaelenacr