The Enjoy Group from Costa Rica and the investment fund, Caribbean Property Group (CPG) Real Estate with their headquarters in New York, have just confirmed the acquisition of Marriott Los Sueños, a known hotel chain in Herradura, Puntarenas, as well as the Marriott Costa Rica close to the International Airport Juan Santamaría.
Grupo Cuesta de Moras has invested in the health industry on companies such as Fischel and Cefa, as well as several Real Estate projects as Distrito Cuatro, and Oxigeno (a project in development). Now, they were the major competitor for both hotels.
Operations are still active and will be in the hands of the Marriott chain, from this, there are no changes expected when it comes to the administration and personnel.
This particularly happens because of the efforts Costa Rica is doing to promote the country as an attractive destination for different forms of tourism, including meetings and events, as well as the increase of direct flights and airlines in the country.
The dedicated investment of CPG Real state focus on the Caribbean and Latin America, and it was found in 1998.
They own Dorado beach in the Ritz-Carlton Reserve in Puerto Rico, the Courtyard by Marriott hotels in Costa Rica, Port of Spain, Trinidad & Tobago and the Dominican Republic, the Aruba Marriott Resort and Stellaris Casino, and the Royal Decameron Beach & Golf Resort in Panama, and the Doubletree Resort by Hilton in Puntarenas.
News.co.cr (2017, 30 March 2017). CPG Real Estate and Enjoy Group Acquired Marriott Los Sueños and Marriott Costa Rica – Costa Rica Star News. [Weblog]. Retrieved 5 April 2017, from http://news.co.cr/cpg-real-estate-enjoy-group-acquired-marriott-los-suenos-marriott-belen-costa-rica/58664/