Peninsula Papagayo Resort changes hands

Peninsula Papagayo Resort has changed hands. The sale includes the Four Seasons Papagayo, the Marina Papagayo and the 18-hole Arnold Palmer-designed golf course, as well as a beach club, said an announcement.

The purchaser is an affiliate of  Gencom, Miami, Florida, a firm with a specialization in hospitality properties. There was no report of the sale amount.

The project is a 1,400-acre development that has been promoted strongly by the Costa Rican government.

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