Ramada resort hotel in Jacó to be started in October
By the A.M. Costa Rica staff
A Ramada hotel in Jacó will be the centerpiece of a project that also will include six 10-story towers holding 38 condos each. The giant project is likely to change the face of the Pacific beach community. The project is just two blocks from the beach. The full name is Ramada Resort & Residences Jacó Beach.Century 21 Playa Jacó said it is marketing the units to investors and occupants in anticipation of the completion of the project in November 2007. Construction is supposed to start in October. The project is being developed by Grupo Zeta of San José, which developed the concept of free zones in Costa Rica and also owns the Megasuper grocery chain. The towers contain two- and three-bedroom units that sell for from $267,800 to $309,600, as well as penthouses that are being marketed pre-construction for $572,900.
Thomas Ghormley H., the Century 21 broker, said discounts are available for investors who purchase entire 38-unit towers. He said the project is ideal for foreign investors and those seeking a second home in a peaceful stable country. Ghormley, in a cover letter to prospective investors, said the hotel will have 72- rooms, five-star amenities and four-star service. Any advance payments, he said, would be held in third-party escrow.Zeta said two adult swimming pools and two pools for youngsters will be part of the project, as well as spa and fitness facilities, a bar-b-que area, a playground and a sun deck. In addition to several condo projects in the Central Valley, Grupo Zeta is a major rice and pork producer with offices in San Jose's Barrio Dent. It also has real estate holdings in El Salvador, Nicaragua and Guatemala.
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