Bahia Papagayo is located 20 minutes from the Liberia Airport in the

northern province of Guanacaste in the coveted region called Polo Turístico

Golfo Bahía Papagayo.

The 321 acres are situated in Playa Panama overlooking Culebra Bay.

There is no region in the world (neither city nor resort) where such a

concentration of branded luxury hotel & residences resorts — open,

announced and anticipated — can be found in one place:

• Four Seasons

• Ritz-Carlton

• Andaz (Hyatt)

• Exclusive Resorts

• St. Regis Hotel

• Waldorf Astoria

• One & Only

• Six Senses

• Destination Land (Zapotal Golf & Beach Club)

Costa Rica is the number one destination in the world for eco-tourism

vacations, and for luxury residential investment (due to safety, natural

beauty, literacy, ease of accessibility, culture and friendliness and laid-back

lifestyle, and Guanacaste is the fastest growing Province in the Country for

luxury resort destinations due in part to its proximity to Guanacaste

International Airport. Bahia Papagayo is only 20 minutes away and the

closest beachfront resort to any International Airport in Costa Rica.

Bahia Papagayo is a joint venture, envisioned by two of the most respected

and experienced Costa Rican families and their companies: the Enjoy

Group, owned by the Pacheco family and Grupo Laguna, owned by the

Teran family.

The Enjoy Group brings expertise in Hospitality and Gastronomy with 7

hotels and more than 19 restaurants throughout the country, while Grupo

Laguna provides development and construction expertise with over 70

projects and 53 years of building/design experience. Together they form a

formidable team with vision and know-how in creating a world-class

destination!

La Laguna is a business group of companies that together provide a

complete solution for the real estate market, seeking excellence in urban

development.

We are leaders and pioneers in Costa Rica's real estate industry, providing

housing solutions characterized by innovation, harmony and quality.

For more than 50 years La Laguna has developed more than 500 000 000

square meters in Costa Rica in commercial, residential and mixed

developments.

Enjoy Group www.enjoygroup.net

Grupo Laguna www.grupolaguna.cr

First phase sales launched in September of 2024 for 72 condo residences

and 32 Villas. El Mangroove Autograph Collection hotel also forms part of

Phase 1 has 3 remaining built and branded Residences available.

Phase 1 construction is anticipated to start in Q2 2025 when we achieve 50%

of sales of Villas and Condos.

Phase 1 is anticipated to be completed in Q3 - Q4 of 2026. This includes the

first 32 Villas and 72 condos.

There are currently 19 phases planned over 7 years however actual sales

velocity will dictate the timing with which new phases are released.

We presently anticipate approximately a total of 650 residences, including

lots, single-family homes, townhomes, and condominiums.

Villas: 15% down, 15% 90 days later or Land clearing/ 15% construction start,

10% at roof completion, 45% at closing/occupancy.

Condos: 10% down, 10% 90 days later/Land clearing, 10% construction start,

15% at ceiling completion, 55% closing/occupancy.

Condo HOA fees vary from $360 to $575/month depending on the size of the

home.

Villa HOA fees vary from $680-950 / month depending on the size of the lot.

Details on what is included are available on:

www.bahiapapagayo.com/broker-toolkit/

Owners are permitted two small pets, either dogs or cats.

Not allowed: Poison dart frogs, snakes, and iguanas.

If Owners elect to rent their unit, their renters cannot bring pets.

Yes, there are no rental restrictions. Owners can select the platform of their

choice, be it Airbnb, VRBO or with a local Property Management/Rental

company. Additionally, the Developer, via the Enjoy Group, will be officially

offering a Rental program, and details will be available 6 months in advance

of completion.

Yes, the project will be fitted with fiber optic cable; however, residential

owners will be free to choose the cable TV and internet package of their

choice for their unit from all national providers. In Costa Rica, we have more

than 4 supplier options available.

We are 100% permitted for the complete project for fresh potable water by

The national water system A y A.

FF&E: Furnishings, Fixtures and Equipment are in accordance to Supplier’s

warranty & guarantee. All Appliances will have one year guarantee &

warranty provided by the Brand.

Construction: Per Costa Rican law a year warranty is offered on all

Construction. An additional 5-year warranty is offered by the College of

Engineers and Architects for the Technical Director (of Engineers) who has

overseen the construction of the residence for any negligence.

The Papagayo concession was created by the Costa Rican government in

the early 80’s, as it recognized the pure uniqueness of the area. The

Concession provides protections for purchasers unseen anywhere else in

the country. Please refer to our detailed Concession Document fact sheet at

bahiapapagyo.com/broker-toolkit

Yes, the same rights.

A vibrant town center will become the ‘hub’ of the Papagayo area and will

feature coffee shops, gourmet market, grocery store, professional offices,

bank, artisan boutiques offering local crafts, ice cream shop, skatepark,

athletic fields and pickleball/tennis/basketball courts, and many Food &

Beverage options range from grab-and-go to fine dining.

Additionally, a co-work space for professionals visiting the area, an outdoor

An event center as well as a Museum that honors the indigenous Chorotega

People of the area will be found in The Village.