• Costa Rica Coffee Guide

Grand Caribbean Resort Planned for Limón

March 31, 2006

Construction on a $40 million, five-star Grand Caribbean resort in the eastern province of Limón is slated to begin in 2008 – the first large-scale tourism project built in the area.

The resort, which will include a marina, 250-room hotel, 27-hole golf course and clubhouse, as well as at least 200 condominiums and villas, is proposed by ECI Ltd., the same company building the $55 million Gran Pacífica resort now under construction in Nicaragua, according to the weekly El Financiero.

U.S. citizen Mike Cobb, president of ECI Ltd., bought the 1,200-hectare property for Grand Caribbean – 16 kilometers north of the port city of Limón, next to the MatinaRiver mouth – last month. The land previously belonged to Warren Stetson, heir of the Stetson hat fortune.

ECI has not yet begun the process of obtaining the necessary building permits, El Financiero reported. Cobb said he plans to invest significant funds in environmental protections at both the Costa Rican and Nicaraguan projects.

Two Costa Rican companies, Gálvez & Volio Asociados and Zürcher Arquitectos S.A., are participating in the design and construction of the Nicaraguan project and may work on the Limón site as well, accordingly to the weekly.

Cobb told The Nica Times last month that he thinks of his development efforts in Nicaragua as “a mission from God,” since the resort will “change the way that Americans think of Nicaragua” and create sustainable jobs. The businessman, 31, is a Pennsylvania native and the founder of Belize’s first private mortgage bank.

A major U.S. hotel chain has agreed to manage the hotel, an hour southwest of the city of Managua, once it’s built. Though the name of that chain has not been officially released, Cobb said a Marriott executive has met with investors (NT, Feb. 3).

 

You may be interested

Costa Rica creates commission to address gender unemployment gap
Costa Rica
2552 views
Costa Rica
2552 views

Costa Rica creates commission to address gender unemployment gap

Alejandro Zúñiga - March 9, 2021

In context of International Women's Day, Costa Rican leaders on Monday signed a decree to create a commission to address…

Vaccinated people don’t have to self-isolate after Covid contact
Costa Rica
16423 views
Costa Rica
16423 views

Vaccinated people don’t have to self-isolate after Covid contact

Alejandro Zúñiga - March 8, 2021

People who are fully vaccinated against Covid-19 won’t have to isolate if they are a close contact to someone who…

Starting in April, Manuel Antonio NP will be open on Mondays
Costa Rica
2182 views
Costa Rica
2182 views

Starting in April, Manuel Antonio NP will be open on Mondays

Alejandro Zúñiga - March 8, 2021

Costa Rica’s most popular national park is switching up its hours.  Starting April 1, Manuel Antonio National Park will remain…