Peninsula Papagayo Breaks Ground on Second Andaz Residences Neighborhood in Costa Rica
Peninsula Papagayo has officially broken ground on a new 35-acre residential enclave featuring 35 oceanfront Andaz Residences located in Culebra Bay, Costa Rica. This development is part of the long-term expansion strategy by Mohari Hospitality, which recently acquired full ownership of Peninsula Papagayo. The project aims to provide luxury branded living with seamless integration into the existing resort ecosystem. The residences will offer two-, three-, and four-bedroom floor plans, each featuring private plunge pools and rooftop terraces. Managed by Andaz, the community includes a dedicated owners' clubhouse with fitness, wellness, and co-working amenities. Construction is expected to reach completion by 2029, targeting high-net-worth individuals seeking second homes in a managed luxury environment.
Topics: Costa Rica real estate groundbreaking hospitality investment luxury residential development