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).

 

Facebook Comments

You may be interested

Pic of the Day: Costa Rica’s Isla Nublar (aka Cocos Island)
Pic of the Day
38 views
Pic of the Day
38 views

Pic of the Day: Costa Rica’s Isla Nublar (aka Cocos Island)

Alejandro Zúñiga - April 18, 2019

Isla Nublar, the setting for much of the "Jurassic Park" series, is unfortunately not a real Costa Rican island. Cocos…

Costa Rica holds Maduro regime responsible for diplomat’s safety
Costa Rica
7 views
Costa Rica
7 views

Costa Rica holds Maduro regime responsible for diplomat’s safety

AFP and The Tico Times - April 18, 2019

The Costa Rican Foreign Ministry said on Wednesday that it places responsibility with the Venezuelan government of Nicolás Maduro for…

Venezuela withdraws diplomatic credential from Costa Rican diplomat
Latin America
23 views
Latin America
23 views

Venezuela withdraws diplomatic credential from Costa Rican diplomat

AFP and The Tico Times - April 17, 2019

Venezuela withdrew the diplomatic credential from the Costa Rican chargé d'affaires on Tuesday in retaliation for the country’s acceptance of…

Do NOT follow this link or you will be banned from the site!