Peninsula Papagayo has also announced the second phase of its Andaz Residences, following the success of the first phase that was launched in 2023. The new community will be situated close to the Andaz Peninsula Papagayo Resort and will comprise 35 carefully selected residences, which will be offered in two, three, and four-bedroom configurations. This luxury project will offer superior amenities and quality, ensuring that residents enjoy the best possible life while also contributing to the overall hospitality development of the Wood River Valley.
Pre-sales from existing owners have already been secured before the official launch, demonstrating the level of interest in this luxury residential project and the continued popularity of the Andaz brand. The new range of Andaz Residences is also expected to further establish Peninsula Papagayo as one of the most popular luxury locations in Costa Rica.
Modernizing Residences While Embracing the Region’s Natural Beauty
The renovation and expansion of Andaz Residences will modernize the property while thoughtfully incorporating design elements that reflect the natural beauty of Costa Rica’s Wood River Valley. The residences will blend architecture with the surrounding landscapes, creating an environment where nature and luxury coexist. Expansive indoor-outdoor living spaces, private plunge pools, and private rooftop terraces will offer panoramic views of Culebra Bay, making each home a private oasis in a prime coastal location.
This development is part of a broader effort to increase the luxury hospitality sector in the region, as Peninsula Papagayo continues to invest in upscale real estate and tourism. The Andaz Residences will offer privacy, luxury, and a seamless connection to the resort’s amenities, while still offering an independent living experience for owners seeking seclusion in an area renowned for its beauty and exclusivity.
Growth in Costa Rica’s Hospitality and Luxury Real Estate Market
The addition of this second oceanfront collection of Andaz Residences marks a pivotal moment in the continued growth of Costa Rica’s hospitality and luxury real estate market. As the country’s tourism sector flourishes, high-net-worth individuals are increasingly seeking exceptional properties that combine privacy, luxury, and natural beauty. This new development directly aligns with the broader trend of expanding luxury tourism, especially in Costa Rica’s Pacific Coast region.
With Peninsula Papagayo’s growth as a premier resort destination, the introduction of the Andaz Residences further enhances the region’s hospitality offering. The residences will be serviced and managed by the Andaz Peninsula Papagayo, elevating the quality of hospitality in the area and contributing to the growth of high-end tourism in Costa Rica.
Enhancing the Resort’s Offering and Boosting Local Hospitality Growth
The introduction of luxury residences at Peninsula Papagayo is more than just a real estate project; it represents an important step in enhancing the overall hospitality experience for guests and residents alike. The development of a gated residential enclave with private owners’ clubhouse and access to exclusive amenities, such as fitness and wellness areas, a resort-style pool, and co-working lounges, will elevate the luxury living experience in the region.
The growth of Peninsula Papagayo contributes to local hospitality growth by attracting more international travelers, investors, and real estate buyers to Costa Rica. The increase in luxury real estate developments like the Andaz Residences helps meet the demand for high-end accommodations and services, further bolstering the local economy and providing job opportunities in sectors like tourism, construction, and real estate services.
Creating a Strong Foundation for Sustainable Hospitality Growth
Peninsula Papagayo is not just focused on short-term growth but is laying the foundation for sustainable hospitality growth in Costa Rica. The addition of the Andaz Residences and new club memberships provides exclusive access to resort-style amenities, including the Arnold Palmer Signature golf course, Papagayo Park (a 20+ acre sports and wellness hub), and the members-only Clubhouse at Prieta Beach. These amenities are expected to further enhance the tourism experience in the region, attracting affluent visitors who seek a balance between relaxation, adventure, and recreation.
This kind of development also enhances the broader tourism ecosystem, where luxury hotels, resorts, and vacation homes contribute to the region’s tourism infrastructure. The introduction of these exclusive properties also allows for more multigenerational travel and longer stays, encouraging repeat visits to the region and helping to maintain a robust tourism market in the future.
A New Era of Hospitality Leadership in Costa Rica
The arrival of Markus Laahanen as the General Manager of Andaz Peninsula Papagayo Resort signals a new chapter in the resort’s leadership. With more than two decades of experience in managing luxury resorts and mixed-use projects across the globe, Laahanen brings a wealth of knowledge to lead the resort’s continued growth. His expertise in high-end hospitality and development will help position Peninsula Papagayo as a leader in Costa Rica’s hospitality growth, attracting both global tourists and high-net-worth individuals seeking luxury and exclusivity.
Peninsula Papagayo Leads Costa Rica’s Luxury Hospitality Growth
The second phase of Andaz Residences at Peninsula Papagayo is a major milestone in the development of the hospitality industry in Costa Rica. As a luxury real estate project, it will contribute to the influx of high-end investors and visitors to the region, thus developing the local economy and further establishing the region as a top destination. With its unique blend of luxury lifestyle, natural beauty, and amenities, Peninsula Papagayo is set to continue dominating the luxury tourism and hospitality industry in Costa Rica.
Image Source: Peninsula Papagayo
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