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Thursday, June 01, 2006

US$300 Million in Beach Resort

Global Financial Group, a Romanian company, confirmed that it will invest us$100 million in the first stage of a beach resort in Brasilito, on the Costa Rica northwestern Pacific.

The first stage is to include the Hyatt Regency Azulera Resort, with 215 rooms, 100 hotel condominiums, and a golf course.

Construction is to start next July.A second stage will cost us$200 million and will include 800 homes and a shopping center, according to Ronald Zurcher, one of the architects in charge of the project

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