Premium "Shovel-Ready" Opportunity Papagayo, Guanacaste, Costa Rica

RANCHO MANZANILLO PAPAGAYO PENINSULA, COSTA RICA

Welcome to the most alluring and lucrative beach region in Costa Rica...

PAPAGAYO PENINSULA

SUMMARY

Newmark is proud to present a unique development opportunity.

Rancho Manzanillo Property This premium 632 acres / 256 Ha beachfront property is located in the best performing area of Papagayo, in the tourist acclaimed province of Guanacaste, Costa Rica.

Reported sales in the area surpassed +$200M for the year ending in 2021.

Guanacaste is famous for its astonishing beaches, unique year-round weather, successful hotels and resorts, and the warmth of its people.

Second-homes market and the hospitality industry have been the main beneficiaries of the region’s special touristic demand. Now, Guanacaste is home to many world-class hotels that invested heavily such as the Four Seasons (which reported the best opening in the chain’s history), Ritz Carlton, Andaz by Hyatt, Secrets, W by Marriot, RIU, Mangroove, Planet Hollywood, and other well-respected brands.

Our listing, Rancho Manzanillo, presents a rare “shovel-ready” opportunity as it is one of the very last properties available for development in this highly-demanded area.

LOCATION The site is located on Papagayo Peninsula, Guanacaste, along the North Pacific coast of the country. This area is designated as a “Special Tourist Zone” targeted for high-end tourism developments.

Sunny Guanacaste Province has established itself as a memorable destination for its breathtaking beaches, which are often considered among the best in the world.

Along the shoreline of the region one can find a variety of local businesses and some of the best hotels and resorts in the world that have invested, trusted and profited from Guanacaste’s charm.

Rancho Manzanillo’s location is second to none as it is just 29 minutes away from the Guanacaste International Airport, and 5 minutes away from the Papagayo Marina - the only 200+slip deep-water marina in Latin America.

LOCATION

The property is recognized for being in one of the calmest beaches of the country as it is located in Culebra Bay - known for not having waves.

As mentioned before, Rancho Manzanillo is surrounded by outstanding and successful hotel and second-homes projects such as the Four Seasons Hotel, Andaz Hotel, Planet Hollywood

Planet Hollywood Hotel

Hotel, and Secrets Papagayo.

Andaz Hotel

Flight times to Guanacaste Airport

Rancho Manzanillo

• Liberia-Miami: 3 hours • Liberia-Houston: 3.5 hours • Liberia-Los Angeles: 6 hours • Liberia-New York: 5 hours • Liberia-Atlanta: 4 hours • Liberia-México City: 3.5 hours • Liberia-Toronto: 5.5 hours • Liberia-Europe: 10 hours • Liberia-Vancouver: 7.3 hours

Four Seasons Hotel

Secrets Papagayo Hotel Guanacaste Airport

“REMARKABLE DESTINATION”

THE PROPERTY

A rare “shovel-ready” opportunity in one of the most exclusive destinations of the world.

The property is composed of 632 acres / 256 Ha of premium beachfront land.

It’s important to highlight that the site has many feasibility advancements, such as: • Market Study by HVS • Legal details reviewed by Ernst & Young Law • Water availability with substantial infrastructure in place • Regarding to the very important water availability issue, the property has permitted water wells that allow for the totality of the project, including -but not limited to- human consumption, irrigation, pools, commercial uses, tourism and recreation uses.

• Preliminary Master Plan done by HKS Architects, Singletary Golf Services, and Lionheart Land & Golf Rancho Manzanillo delivers a truly unique feeling of luxury, relaxation, and intimacy with the natural environment.

THE PROPERTY

Rancho Manzanillo has the ideal characteristics to plan and design any envisioned project.

01

04 02

08

Town Center & Community Farm 1. Main Access 2. Community Farm 3. Event Lawn 4. Community Access 5. Stables + Equestrian 6. Soccer Field for Sporting + Markets 7. Community Plaza • Retail • Grocery • Bank • Arts + Crafts 8. Community Housing 9. Car Parking 10. Future Development Parcels Nature Based Amenities 11. Lookout 12. Zip Line Station 13. Natural Trail with Lookouts + Suspension Bridges 14. Zip Line Tour Center Resort Core & Community Amenities 15. Community Park 16. Amphitheater / Park 17. Water Park 18. Central Park 19. Tennis Center

20. Recreation Center • Gym • Swim Club • Bowling • Multi-functional Space • Co-Working 21. Event Building 22. Juice Bar / Cafe + Terrace 23. Adventure Center • Bike + Electric Vehicle Rentals • Nature + Archaeological Education Displays • Trail Head • Adventure Bookings • Tour Pick Up 24. Nature Play Grounds 25. Central Parking Back of House & Operations Center 26. Receiving Area 27. Service + Administration

Hotel Site 1 28. Standard Rooms (5 Storey) 29. Forest View Rooms (2 Storey)

Keys 250 50

Hotel Site 2 30. Hotel Arrival + Retail Village 31. Serviced Villas 32. Hotel Rooms 33. (14) Tree Houses 34. 46. (14) Villas • (4) Two Bedroom Villas • (10) Three Bedroom Villas • (1) Presidential Villa 35. (2) Guest Room Buildings 36. (5) Tree Houses 37. Beach Club / Bar 38. Cliff Top Restaurant/ Bar with Meeting Space

Keys

Hotel Site 3 39. Event Plaza 40. Arrival 41. Standard Rooms (6 Storey) 42. Service 43. Pool Rooms (5 Storey) 44. Staff Housing 45. Beach Parking 46. Mangroove (3 Storey) 47. Beach Village • Level 1. Restaurants + Retail • Level 2. Restaurants + Entertainment • Level 3. Ocean Front Suites • Beach Front Swimming Pool 48. Tents Connected by Elevated Trails 49. Tented Camp Arrival + Guest Services 50. Health and Wellness Center • Spa • Treatment Rooms • Boutique • Multi-functional Spaces • Yoga

Keys

19 70 28 8 30 2 16 10

160

Room Count Key Hotel Site 1 Standard Rooms Forest View Rooms Total

06

07

08

03

05

09 10

250 50 300

10

12

11

Hotel Site 2 Hotel Rooms Villas Tree Houses Serviced Villas Total Hotel Site 3 Pool Rooms Standard Rooms Mangroove Ocean Front Suites Tents Total

Total

13

86 40 38 19 183

13 14 10 10

10

500 160 150 20 42 872

15

11

26

10

1,355

10

16

500

27 17

150

21

18

22

28

20

42

20

10 23 25

24

39

29

19

10

49 41

40

10

50 31

43

30

48 31

42

33

44

32

46 47 45

36

37

35

34

38

N W

E S

THE PROPERTY Hotel Site 1 Standard Rooms (5 Storey) Forest View Rooms (2 Storey) Hotel Site 2 Hotel Rooms (5 Storey) Villas (Two + Three Bedroom Villas + Presidential Villa) Tree House Rooms Serviced Villas Beach Club / Bar Cliff Top Restaurant / Bar Hotel Site 3 Pool Rooms (5 Storey) Standard Rooms (6 Storey) Mangroove (3 Storey) Staff Housing Beach Parking Tents (Connected By Elevated Trails) Tented Camp Arrival + Guest Services Health and Wellness Center • Spa • Treatment Rooms • Boutique • Multi-functional Spaces • Yoga Beach Village • Level 1. Restaurants + Retail • Level 2. Restaurants + Entertainment • Level 3. Ocean Front Suites • Beach Front Swimming Pool

Rancho Manzanillo has the ideal characteristics to plan and design any envisioned project.

Units

15 19 19

Keys 250 50 Total 300

m² 38,500 m² 5,720 m²

86 40 38 19

4,500 m² 8,380 m² 3,230 m² 3,000 m² 1,050 m² 1,345 m²

Total 183 500 160 150

42

42

45,000 m² 40,200 m² 15,750 m² 1,680 m² 450 m² 650 m²

01

20

Total 872

3,800 m² 3,800 m² 3,800 m² 2,500 m²

03 02

N W

E S

Rancho Manzanillo has the ideal characteristics to plan and design any envisioned project.

THE PROPERTY Room Count Key per Fee & Concession Land Hotel Site 1 Standard Rooms Forest View Rooms Total

Fee 250 50 300

Concession 0 0 0

Total 250 50 300

Hotel Site 2 Villas Hotel Rooms Tree Houses Serviced Villas Total

Fee 0 70 28 11 109

Concession 40 16 10 8 74

Total 40 86 38 19 183

Hotel Site 3 Pool Rooms Standard Rooms Mangroove Rooms Ocean Front Suites Tents Total

Fee 500 160 0 0 24 684

Concession 0 0 150 20 18 188

Total 500 160 150 20 42 872

1,093

262

1,355

Totals

RM (Fee)

RM (Fee) RM (Fee)

RM (Fee)

RM (Fee)

CH Concession RM (Fee)

RM Azul Concession

N W

E S

OFFER

Total area: 632 acres / 256 Ha Asking price: $25,000,000 ($9.62/m²)

GENERAL OVERVIEW Costa Rica It is a small country (a little smaller than lake Michigan, with a total area of just 19,730 mi²) that covers just 0.03% of the planet’s surface but has 4,232,283 miles of stunning coastlines and is home to 5% of the world’s biodiversity.

More than 25% of the country is under conservation and natural protection territory policies, which assures a long-standing legacy for future generations.

It benefits from a remarkable location right in the middle of the Americas; the country is hugged by the Pacific and the Atlantic oceans and boarders Panama and Nicaragua. This gives the area unique connectivity to the world, and flight lengths are comfortable from North America, South America and Europe.

GENERAL OVERVIEW Tourism Tourism has become the most important economy sector in the country as it provides 8.2% of the country’s total Gross Domestic Product, both directly and indirectly. According to the National Tourism Chamber (ICT), since 1984 the number of visitors has increased 1,000% and is expected to continue growing at an average growth-rate of 6% per year.

The average length of stay for tourists is an impressive 11.3 nights per visit. Data compilation shows that 73% of the tourists arrive to the country for “sun and beach” activities. Other important categories include Eco-tourism (65%), Adventure (55.9%), Wellness (36.4%), Culture (30.3%), and Sports and Recreation (22.7%).

50% of all visitors to Costa Rica visit the Guanacaste region.

GENERAL OVERVIEW Guanacaste Sunny Guanacaste Province has established itself as a memorable destination for its breathtaking beaches, which are often considered among the best in the world. Along the shoreline of the region one can find a variety of local businesses and some of the best hotels and resorts in the world that have invested, trusted and profited from Guanacaste´s charm.

Guanacaste enjoys beautiful year-round tropical weather. This Province is known for its two seasons referred to as ‘dry’ and ‘green’. The average low temperature is 72°F with sunshine present year-round. The perfect time to visit Guanacaste is year-round.

Guanacaste also has one of the highest life expectancies in the world. The Nicoya Peninsula, where Rancho Manzanillo is located, is one of the only five Blue Zones or “longevity oasis” world-wide.

GENERAL OVERVIEW Hospitality and Residential Markets The region’s usual hotel occupancy rate is estimated from 60% to 70% year-round, and many hotels have occupancy rates above 80% year-round.

The region has recovered from the COVID-19 downturn, specially in luxury product. A clear example of this recovery and sustained success, is Eco-Desarrollo’s success during the year 2021.

The project reported more than $200,000,000 in sales of branded residences (which are estimated to have a premium of 2x-3x versus non-branded product).

GENERAL OVERVIEW Among the most popular and successful hotels in the region are: In Rancho Manzanillo’s micro area:

Outside Rancho Manzanillo’s micro area:

• Four Seasons Papagayo*

• W by Marriot Reserva Conchal

• Andaz by Hyatt

• Westin Golf Resort and Spa Reserva Conchal

• Planet Hollywood

• JW Marriot Hacienda Pinilla

• One & Only

• Hotel Riu and Riu Palace

• Punta Cacique (Waldorf Astoria)

• El Mangroove Autograph Collection

• Ritz Carlton Reserve • Six Senses * Reported to have the best opening in the brands history in 2004 and remains a top performer

FUN FACTS ABOUT COSTA RICA THAT MAY BE HARD TO BELIEVE

18% of the world’s

Costa Rica hosts one of

Costa Rica has been able

Costa Rica also has one of

butterflies (more than

the few places in the world

to produce 99% of its

the highest life expectancies

300 species!) can be

(Refugio de Vida Silvestre

electrical consumption

in the world, and the Nicoya

found in Costa Rica. Also,

Ostional in Guanacaste)

from renewable sources.

Peninsula, where Rancho

15% of all hummingbird

where more than 300,000

The country’s goal is to

Manzanillo is located, is one

species can be found in

turtles arrive to lay their

become completely

of the only five Blue Zones or

the country.

eggs at the same time.

carbon neutral.

“longevity oasis” world-wide.

FUN FACTS ABOUT COSTA RICA THAT MAY BE HARD TO BELIEVE

The Global Happiness Council, which compiles data after

The touristic area of Guanacaste

surveying citizens on their subjective wellbeing in order to

hosts an UNESCO World

produce a comprehensive annual list of the happiest

Heritage site: The Guanacaste

countries in the world, has consistently rated Costa Rica in

Conservation Area. This area is

the top since its inception and currently ranks Costa Rica #5

home to two-thirds of all species

in the world in the Personal Happiness Index Ranking and

found in the country due to its

the Health and Well-Being Index Ranking (#12 world-wide).

vast variety of ecosystems

People living in the country have a higher ‘wellbeing’ score

occurring in this compact

than the citizens of most first world countries.

region.

CONTACT Carlos R. Robles Mananging Director & Market Leader Newmark Central America

Pedro Sánchez Associate Director Newmark Central America

carlos.robles@nmrk.com Tel: (506) 8375.9138

pedro.sanchez@nmrk.com Tel: (506) 8915.3342

Newmark Central America Tel: (506) 4000.5171

Santa Ana City Place, Building B San José, Costa Rica