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.