MIAMI, Dec. 7, 2017 /PRNewswire/ -- New ownership led by
Gencom, a leading Miami-based
international luxury hospitality and residential real estate
investment and development firm, today announced that Four Seasons
Hotels and Resorts, the world's leading luxury hospitality company,
will assume management of a new collection of environmentally
designed private villas and estate homes set to commence
construction in February 2018.
Construction completion is targeted for mid-Q4 2019.
The exclusive enclave of 20 wholly owned properties will be
known as Four Seasons Private Residences Prieta Bay at Peninsula
Papagayo, situated on 17 acres of prime oceanfront real
estate adjacent to the famed Four Seasons Resort Costa Rica. A
private path will connect the new neighborhood to Four Seasons, a
member-only beach club and two nearby beaches.
A special founders release will be offered for sale in January
under a priority reservation program. Prices are expected to start
in the mid-$3MMs. Ownership is planning a public release later in
2018.
"Four Seasons is admired worldwide for their service
culture and delivering experiences of exceptional quality. The
combination of next generation residential design and construction
with legendary Four Seasons service and amenities will create an
extraordinary lifestyle unlike any other," said Karim Alibhai, founder and principal of
Miami-based Gencom. "The amazing
experiences that are Four Seasons hallmarks will become part of
daily life on Prieta Bay."
"Four Seasons Private Residences Prieta Bay at Peninsula
Papagayo will offer the best in sophisticated environmental design
and luxurious finishes," says Paul H.
White, Senior Vice President and Co-Head of
Residential at Four Seasons Hotels and Resorts. "This is
a unique opportunity to extend our presence in Costa Rica and offer discerning collectors the
finest Four Seasons residential experience in one of the world's
most sought after eco-adventure playgrounds."
Innovative organic design by renowned Costa Rican architect
Ronald Zürcher takes inspiration from repeating patterns found in
flora, fauna and pre-Columbian seals discovered on site.
Each private residence appears to grow out of the landscape,
inviting the outdoors in. Gorgeous glass walls and thoughtfully
designed windows and pocket doors meld interior and exterior
spaces, making the most of spectacular views and providing an
unparalleled closeness to nature. Casual furnishings and clean
lines lend a modern aesthetic. The result is elegant simplicity
with an international sensibility that holds its inhabitants in
nature's profound embrace.
High-energy efficiency and high-quality indoor environments are
integral to Zürcher's progressive, performance-based design
approach—saving energy, water and resources. With 99% of
Costa Rica's electricity currently
coming from renewable sources, each residence will run on clean
energy. Green roofs and local materials are infused into the
architecture with a local sensibility.
In addition to Four Seasons service and amenities, each
Prieta Bay residence will include
membership in the coveted Peninsula Papagayo Club—Costa Rica's
exclusive private club featuring exceptional beach, golf, tennis
and social facilities and an array of outdoor programs and
activities for members and their families.
For more information on Four Seasons Private Residences Prieta
Bay at Peninsula Papagayo, visit www.peninsulapapagayo.com, email
prietabay@peninsulapapagayo.com, or visit us on Facebook and
Instagram.
ABOUT GENCOM
Founded in 1987 by Karim Alibhai,
Gencom is a U.S.-based investment firm that owns and operates
prized real estate around the world, with an emphasis on luxury
hotels, resorts and residential properties. Iconic properties
include Four Seasons Resort Costa Rica at Peninsula Papagayo, The
Ritz-Carlton Key Biscayne, Miami
in Fla., The Ritz-Carlton, Bachelor Gulch in Colorado and Rosewood Tucker's Point in
Bermuda. Headquartered in
Miami, Gencom is fully integrated,
with expertise in virtually every aspect of development,
acquisition, financing, asset management and the sale of
hospitality properties. Gencom has had success developing,
purchasing and exiting single assets and hotel portfolios, as well
as in creating, purchasing and growing hospitality platform
investments throughout the United
States, Caribbean and
Europe. For more information about
Gencom, please visit http://www.gencomgrp.com.
ABOUT FOUR SEASONS
Founded in 1960, Four Seasons Hotels and Resorts is dedicated to
perfecting the travel experience through continual innovation and
the highest standards of hospitality. Currently operating 106
hotels and resorts and 38 residential properties in major city
centers and resort destinations in 44 countries, and with more than
50 projects under planning or development, Four Seasons
consistently ranks among the world's best hotels and most
prestigious brands in reader polls, traveler reviews and industry
awards. For more information and reservations, visit
fourseasons.com. For the latest news, visit press.fourseasons.com
and follow @FourSeasonsPR on Twitter.
MEDIA CONTACT:
Murphy O'Brien Public Relations
310.586.7177
peninsulapapagayo@murphyobrien.com
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SOURCE Gencom; Four Seasons