Sites of Revolution Bring Waldorf Astoria Hotels and Residences to Costa Rica – Forbes | NutSocia

15 years ago, the investment firm Revolution Places bought a vacant lot in Papagayo Bay, Costa Rica. Finally, in late 2022, ground was broken for a 190-room Waldorf Astoria hotel and luxury branded residences called Waldorf Astoria Guanacaste. The five-star resort will open in 2025.

What took so long?

“I kept hearing about this spectacular undeveloped property,” recalled Steve Case, chairman and chief executive officer of Revolution, the Washington, DC-based investment firm. The property is located across the bay from Poro Poro Beach Club, the luxury residences of Exclusive Resorts, Revolution’s own members-only vacation club. “We bought it and kept it for fifteen years because we wanted to develop it in the right way,” adds Case, who founded Revolution after leaving the helm of AOL, the technology company he co-founded in 1985 would have.

Investing in unique real estate and hospitality opportunities that promote a healthy lifestyle, Revolution considered a wide variety of potential partners who were eager to develop the property. “But I saw it as a long-term legacy project,” says Case. “It was more important to do it right. So we spent more than a decade finding the right partners who wanted to honor this special place.”

Revolution chose to partner with Cacique Investors LLC and Garnier & Garnier (also the Costa Rican developer of the project), who co-own the hotel. The wait was worth it.

Located on the dramatic Cacique Peninsula perched on the cliffs in the country’s famed Guanacaste Province, the Waldorf Astoria Guanacaste marks a milestone for Hilton’s Waldorf Astoria Hotels & Resorts brand as it marks its first entry into the country. Waldorf Astoria Guanacaste complements its portfolio of more than 30 exclusive properties around the world and builds on the luxury brand’s presence in iconic resorts in the Caribbean and Latin America.

Case says Revolution chose the Waldorf Astoria over other luxury hotel management brands because it shares the same values. “The Waldorf Astoria has historically been an urban model, but it’s expanding its brand globally with a particular focus on resorts,” he explains. “We really like the barefoot luxury model that the resort program uses and thought it would fit in well with what we do at Cacique. Waldorf Resorts are very beautiful but also very comfortable.”

Waldorf Astoria Residences Guanacaste

The resort community offers buyers an unprecedented opportunity to own a private residence with the full services of a five star hotel management company in an ecologically rich and visually stunning oceanfront setting. Waldorf Astoria Residences Guanacaste will offer 19 condominiums and 22 estates. The sale of the residences is offered exclusively through IMI Worldwide Properties.

The condominiums will offer panoramic views of the Pacific Ocean and Papagayo Bay. The two- and three-bedroom apartments will range in size from 1,509 to 2,209 square feet. Two-bedroom units start at $1.62 million, while three-bedroom apartments start at $2.72 million.

Those looking for larger accommodations have 22 properties to choose from. The two-story, four-bedroom properties will be 3,996 square feet, while the two-story and three-story, five-bedroom properties will be just under 5,000 square feet.

Four-bedroom homes will start at $5.31 million, while five-bedroom residences will start at $6.37 million. All residences and estates come turnkey and fully furnished with interiors featuring organic materials, clean lines and local architectural influences that reflect the surrounding natural environment. Condominium and condominium owners have the opportunity to include their property in a vacation rental program managed by Waldorf Astoria. Nine of the properties and one of the private condominiums have already been reserved by buyers.

A focus on sustainability

The seaside development is being built with a focus on sustainability and a connection to nature. Guests and residents will enjoy thoughtful design features that blend with the peninsula’s natural surroundings, including water features throughout the property and a spa built over a naturally occurring stream.

“Sustainability is not yet a mega trend in tourism, but everyone is embracing it and it will continue to gain momentum in the future and people will make it a priority,” says Case. “In general, the resorts of the future will be more geared towards sustainability. And because we’re building this now, we have an opportunity to be one of the market leaders that people around the world will rely on to know how to do it right.”

The site plan for the community prioritizes environmentally conscious practices, including biophilic design that has a connection to nature, thereby preserving the unique natural topography and native species. The development will also implement highly efficient heating, cooling and sewage systems.

Although the estate, including the hotel, residences and grounds, is 25 acres, all amenities and necessities are a short stroll from each of the residences. All of the resort’s vehicles will be electric, providing residents and guests with all transportation on the property.

Resort Amenities

Residents and guests enjoy exclusive amenities and experiences. An expansive holistic wellness center features a state-of-the-art fitness center, exercise studio, outdoor yoga, and lap and thermal pools. The spa will feature eight treatment rooms, as well as three outdoor treatment rooms modeled after a tree house, along with a variety of signature Waldorf Astoria spa treatments. There will also be a beach club.

The Waldorf Astoria Guanacaste offers exceptional culinary excellence with a variety of food and beverage options including a unique restaurant and bar, specialty shop and gelato shop.

Younger guests and residents will enjoy a range of the resort’s family-friendly activities, including a children’s center and teens’ club. For groups and events, the luxury property will offer approximately 10,000 square feet of meeting and event facilities, including indoor and outdoor venues, an event lawn and a ceremonial pavilion for weddings.

location is everything

The Waldorf Astoria Residences Guanacaste is ideally located on the Cacique Peninsula and just a short drive from two neighboring towns with restaurants and shops.

“This is a great launch pad to experience Costa Rica,” says Case. “Guests can visit some of the nearby towns, meet some of the local people and have an authentic Costa Rican experience.”

With the impressive volcanic landscapes of the region, the intimate beach bays and the tropical forests, the resort offers the perfect backdrop for adventure seekers, sun worshipers and nature lovers. Guests can enjoy a variety of water sports due to the resort’s proximity to Playa Penca, a secluded stretch of beach ideal for swimming, water sports, and boating.

Those seeking adventure further afield can enjoy the region’s dynamic tropical rainforest environment with a variety of national parks, hiking trails, caves, volcanoes and waterfalls to explore. “It has the benefit of being in a unique and special place, but also making you feel safe and secure,” says Case. “Which of course is another important factor that people need to consider when traveling globally.”

The province of Guanacaste is also home to one of the world’s rare “Blue Zones,” a term coined by Dan Buettner, a National Graphic Fellow who researched regions of the world where locals are known to live longer and healthier lives.

Waldorf Astoria Residences Guanacaste is 25 minutes’ drive from Daniel Oduber Quirós International Airport (also known as Liberia International Airport), which offers direct flights from more than 20 international destinations in the United States, Canada, Mexico and Europe.

“Anyone who drives to the Cacique Peninsula will fall in love with it,” says Case. “I’ve traveled the world and there’s something magical about this place.”

For more information on Waldorf Astoria Residences Guanacaste follow this link.


Leave a Comment