Where and how large is Costa Rica?
Costa Rica is in Central America, bounded on the north by Nicaragua, on the east by the Caribbean Sea, on the southeast by Panama, and on the southwest and west by the Pacific Ocean. The uninhabited and densely wooded tropical Cocos Island, about 480 km (about 300 miles) to the southwest in the Pacific Ocean, is under Costa Rican sovereignty. The total area of Costa Rica is 51,060 square kilometers (19,714 square miles). The country’s capital is San José.
Why is Costa Rica one of the hottest investment spots in the Western Hemisphere?
Costa Rica is a Central American success story: Although still a largely agricultural country, it has expanded its economy to include strong technology and tourism sectors. The standard of living is relatively high. Land ownership is widespread.
Costa Rica stands out as one of the most delightful countries in the world. With tropical rain forests, beautiful sand beaches, and the friendliest people you will ever find, more and more travelers and investors are turning to this tropical destination.
Costa Rica is the safest country in Central America where family values and respect are forthright. Because of this peaceful and prosperous atmosphere, many people compare it to the United States of 30 years ago when life was unhurried, unspoiled, and uncrowded.
Costa Rica is one of the best places on earth to live because of the excellent quality of life.
According to a survey in the “Robb Report” of potential foreign investment/retirement areas, Costa Rica surpasses all countries including: Mexico, Panama, the Caribbean Islands, Puerto Rico, Portugal, Australia, and Greece. It’s not surprising that there are more Americans, Canadians, and Europeans living in Costa Rica than any other country in Latin America.
Costa Rica has also become a magnet for foreign investment, yet real estate prices are still far below other comparable locations in the tropics
In short, this beautiful country has the warmth and flavor of Mexico - without the anti-Americanism; the physical beauty of Guatemala – without a large military presence; the sophistication of Brazil – without the abject poverty or violent crime; and more winter sunshine than Florida or Hawaii with less people to share it. The future is clear. As we move to a global world, Costa Rica stands out as one of the most delightful destinations in the world.
What advantages does investing in Costa Rica have over other foreign countries?
According to the Costa Rican Investment Board (CINDE), the Costa Rica Sound Investment Environment consists of:
No limitations on foreign ownership of property and for conducting business.
The Constitution grants foreigners and nationals equal rights and obligations.
No restrictions on capital or fund repatriation and transfers.
Intellectual property laws are in accordance with WTO standards.
Agreements with several countries for Investment promotion and protection.
What is The Sanctuary?
The Sanctuary Resort & Spa is an exclusive, oceanfront paradise of elegantly appointed residences on 80 unspoiled acres of natural tropical forests and lush gardens. From elegant single-family homes to spacious, luxury condominiums to beachside resort villas and private suites, it is an exclusive and private oasis along this lush and beautiful coastline approximately 45 minutes south of Tamarindo. The Sanctuary was conceived by the developers of Las Brisas Del Mar Oceanfront community in Playa Junquillal and is being developed with the same standard of excellence in design and construction as distinguished Las Brisas as a premier resort destination. These standards will be furthered at The Sanctuary in an incomparably beautiful oceanfront community and resort.
The Sanctuary is approximately 20 acres within this master development and consists of:
15 one- and two-bedroom luxury hotel accommodations
a full-service spa facility
two restaurants
two pools with swim-up bar
a luxury 6,000 square foot beachfront residence
an administrative/registration building
a mini-market facility, employee housing
two commercial zones (as yet undeveloped)
a casino/gaming permit (in process).
The two 7-story condominium towers will contain 20 regular units (10 per tower) of approximately 1,700 square feet per unit, 2 penthouse units (1 per tower) of 3,500 square feet per unit and covered parking for all units. The estimated completion date for the two towers is the first quarter of 2007.
The Sanctuary Resort & Spa is being developed with attention to every detail for the visitor or traveler wishing a unique, relaxing and pampered experience. With over one mile of distinctive blue coral sand beachfront, the list of available aquatic and recreational activities is nearly endless. Or just kick back on the beach or by the pool with your favorite book and tropical drink! Here is just a sample of the options and features that await you:
Swimming and surfing
Scuba diving and snorkeling
World-renowned deep sea fishing
Sea kayaking
Horseback riding
Oceanfront infinity pool with connected children’s pool
Pool bar with “in-water” service
Formal dining featuring an international cuisine at The Blue Dolphin Restaurant
Casual dining and libations poolside at Bogey’s Hideaway complete with a wood burning grill
Full-service Spa complete with sauna, jacuzzi and staffed with trained health and massage therapists.
Rafting
Recreation Center including ping pong, foozball
Internet access
Laundry facilities
Mini mart
Children’s playground
Ecological tours
Bird watching
Hammocks
Residence amenities:
Refrigerator/Microwave
Satellite TV/ DVD Player
Two Balconies with Ocean Views
The Investment Structure
The Resort
Majestic Sunset Playa Azul S.A., a Costa Rican corporation, will own the resort. The purchase is valued at $6.25 Million with JD Partners retaining a controlling interest of 60% of the 10,000 shares. The remaining 40% (4,000 shares) is being offered to investors in subscription packages – each package is $100,000 and contains 160 shares.
The resort is projected to generate net income of nearly 10% ($ 623,197) for 2006 based upon a conservative occupancy estimate of just over 50% for the year on average. (A copy of the 2006 pro forma is available upon request). This projection does not include any significant improvements or additions to the existing facilities or operation, although a number of opportunities exist for enhancements to the resort that could have substantial positive impact on its financial performance in future years. (See “Opportunities” below.)
The Condominium Towers
JD Partners is purchasing the final two condominium towers containing 20 regular units and 2 penthouse units for resale at an average per unit price of $367,000 and $899,000, respectively. The principals are considering a variety of options for the resale of these units including individual/group investors and fractional and/or timeshare sale. There exists a significant financing opportunity for any of these investment/ownership scenarios and the principals are currently examining a number of alternative funding sources before finalizing the resale strategy. (See also “Opportunities” below.)
Opportunities
The master development took over six years to gain the necessary approvals and concessions. The resort is physically complete and has been operational for nearly two years. Nearly one third of the condominium units are complete or soon to be delivered with the tower phases (Phases 4-7) ready to break ground this spring. Approximately 25% of the custom home sites are either completed or under construction.
Both the Resort and the final two condominium towers represent a number of significant future opportunities for those vested in either or both.
For further information contact: Tammy Burnell 661-220-0784
Email: thesanctuaryinfo@yahoo.com
Website: www.TheSanctuaryResort.com
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