Hacienda Pinilla owner will keep control of Guanacaste project

Agroganadera Pinilla, S.A., the owner of Hacienda Pinilla Beach Resort and Residential Community in Guanacaste has announced the appointment of Bree McClure Pattillo as its new president.

Ms. Pattillo succeeds H.G. “Pat” Pattillo as the new president of the company. Ms. Pattillo brings nearly two decades of experience to the project, as well as a shared passion passed to her from her grandfather and a lifetime spent on the property and with the people that call Hacienda Pinilla home, said the firm. Ms. Pattillo is a director and officer of Pattillo Construction Corp. and several real estate holding companies in the United States, and received an MBA from the Citadel.

Last August, the owner of Hacienda Pinilla initiated a comprehensive review of succession planning options for the project in order to ensure a continuation of founder H.G. Pattillo’s vision and to ensure that the work of the charitable foundations he founded in Guanacaste continued over the long term, the firm said.

The firm has announced an auction of the property for November that was put forward until this month. The combined estimated sale prices were about $2 billion.

Discussions with interested investors and management companies continued through early May.  After careful consideration of all offers and options, Agroganadera said it determined that retention of ownership control and an aggressive reinvestment in the project, along with improvements to resort operations, would result in the optimal outcomes for current ownership, property owners, partners, the foundations and staff.

“I am excited about stepping into the role as steward of Hacienda Pinilla and its affiliated foundations,” said Ms. Pattillo in a release. “While we were presented with a number of opportunities to sell all or portions of the property, we ultimately determined that retaining control and reinvesting in the property was the best course of action. We are also far along in negotiations for sale of key development parcels within the project, and the selection of resort management and sales and marketing companies. We anticipate making further announcements shortly. We have the flexibility and resources to take a course of action that reflects our long term commitment to the project.

“My initial and primary focus will be on improving resort operations, marketing exposure and property sales within the project with new and increased investments in local and global marketing, sales team management and training as well as staffing,” Ms. Pattillo continued.

“The goal of these efforts is singular … a full and uncompromising restoration of momentum to the property and realization of the comprehensive vision of Hacienda Pinilla.”

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