New Andaz-Branded Luxury Residences to Debut at Costa Rica's Acclaimed Peninsula Papagayo

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Managed by Hyatt, a Limited Collection of Seaside Residences Will Introduce Innovative Design and an Inspiring, Immersive Luxury Lifestyle Experience

Andaz Costa Rica Residences at Peninsula Papagayo

Peninsula Papagayo's new collection of Andaz-branded residences bring a fresh interpretation of indoor-outdoor living and uncomplicated luxury to a true mecca for outdoor enthusiasts

Peninsula Papagayo, the premier 1,400-acre club and resort community located in Guanacaste on the North Pacific Coast of Costa Rica, and Hyatt Hotels Corporation today announced they will expand their relationship with the development of an innovative collection of Andaz-branded residences at Peninsula Papagayo.

Situated adjacent to the existing Andaz Costa Rica Resort at Peninsula Papagayo, the just-announced collection of Andaz Costa Rica Residences at Peninsula Papagayo will offer 25 fully turnkey, wholly owned seaside villas featuring reimagined indoor-outdoor living, individual lounge pools, and an unsurpassed array of amenities and experiences throughout the Andaz Costa Rica Resort and across the entire 1,400-acre private peninsula. Sales will commence in late 2020 with prices starting in the low US$1-millions. Most residences are expected to be under US$2 million. Construction completion is anticipated late next year.

"Peninsula Papagayo's new collection of Andaz-branded residences bring a fresh interpretation of indoor-outdoor living and uncomplicated luxury to a true mecca for outdoor enthusiasts,” said Donald McGregor of Miami-based Gencom, the developer and co-owner of Peninsula Papagayo. “We wanted to create a fun getaway that was true to the destination and easy to own."

Two- and three-bedroom floor plans will range from 1,400 to 2,100 square feet of air-conditioned interior area. All plans will feature an expansive outdoor living space and private lounge pool. An exclusive set of fifteen residences incorporate spectacular rooftop terraces and open-air living rooms — conceived as nests to enjoy a bird’s-eye view of the bay and star-filled Costa Rica night skies.

Integrated pedestrian paths will link the Andaz Costa Rica Resort and residences, providing convenient access to an expanded fitness center and spa, outdoor workout station, multiple beaches, pools, restaurants, and nearby Marina Papagayo. In-residence dining, daily housekeeping, valet, dry cleaning, laundry, grocery provisioning and off-site transportation will also be available. One of the many features of ownership will also include an optional rental program managed by Hyatt.

Additional benefits will include a membership to the Club at Peninsula Papagayo. The private owner’s club features exceptional beach, golf, tennis, swimming, and social facilities, together with an inspiring calendar of curated classes and special events. An array of outdoor activities will also be available through Papagayo Explorers, the peninsula’s program of exclusive land, ocean, aerial and cultural immersion adventures led by a team of expert guides, naturalists, and translators. Through Papagayo Explorers, owners and their families will play, connect and explore in nature through adventure and exploration-driven experiences celebrating local culture and the natural world.

The area surrounding the new development is a buffer zone for Santa Rosa National Park, part of the Guanacaste Conservation Area—a UNESCO World Heritage site containing one of the most important beaches for sea turtles in the Pacific, and nearly two-thirds of Costa Rica's biodiversity.

"The new Andaz Costa Rica Residences at Peninsula Papagayo promise boundless adventure and exploration in one of the most beautiful and exhilarating places in the world—with the same sense of freedom and spontaneity Costa Rica is famous for," said Steven Dominguez, vice president, global brands, Hyatt. "Envisioned for those seeking to satiate their curiosity about the world and local culture, Andaz Costa Rica Residences at Peninsula Papagayo represent a singular opportunity for immersive, unscripted living.”

To learn more about Andaz Costa Rica Residences at Peninsula Papagayo, visit http://www.AndazResidences-CR.com, email andazliving@peninsulapapagayo.com or call toll-free (866) 696-2899

The term “Hyatt” is used in this release for convenience to refer to Hyatt Hotels Corporation and/or one or more of its affiliates.

About Peninsula Papagayo
Situated on Costa Rica's north pacific coast in the province of Guanacaste, the private 1,400-acre Peninsula Papagayo is Latin America's ultimate coastal retreat offering an unparalleled closeness to nature and a lifetime of adventure for the entire family in one of the most peaceful and bio-diverse countries in the world. The community includes Four Seasons Resort Costa Rica at Peninsula Papagayo, Andaz Costa Rica Resort at Peninsula Papagayo, Prieta Beach Club, Marina Papagayo, and an exclusive collection of oceanfront homes and villas. Peninsula Papagayo is located 30 minutes from Liberia International Airport, which offers more than 100 weekly flights seasonally from major cities in the U.S., Canada, U.K., and across Central America. For more information, visit the website: https://peninsulapapagayo.com.

About Andaz
Global in scale while local in perspective, the Andaz brand of luxury hotels weaves the sights, sounds, and tastes of each property’s surroundings for a distinctively local experience. Through thoughtful, unscripted service tailored for travelers, Andaz hotels enable guests to go beyond the familiar and satiate their curiosity while immersing them in the spirit of the eclectic culture around them. Twenty-two Andaz hotels are currently open: Andaz 5th Avenue and Andaz Wall Street in New York, Andaz San Diego, Andaz West Hollywood, Andaz Napa, Andaz Scottsdale Resort & Bungalows, Andaz Savannah, Andaz Maui at Wailea Resort, Andaz Munich Schwabinger Tor, Andaz Vienna Am Belvedere, Andaz Ottawa ByWard Market, Andaz Mayakoba Resort Riviera Maya, Andaz Costa Rica Resort at Peninsula Papagayo, Andaz London Liverpool Street, Andaz Amsterdam Prinsengracht, Andaz Singapore, Andaz Delhi, Andaz Xintiandi in Shanghai, Andaz Tokyo Toranomon Hills, Andaz Seoul Gangnam, Andaz Capital Gate Abu Dhabi, and Andaz Dubai The Palm. For more information, please visit andaz.com. Follow @Andaz on Facebook, Twitter and Instagram, and tag photos with #WhenInAndaz.

About Hyatt Hotels Corporation
Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company with a portfolio of 20 premier brands. As of September 30, 2019, the Company's portfolio included more than 875 properties in over 60 countries across six continents. The Company's purpose to care for people so they can be their best informs its business decisions and growth strategy and is intended to attract and retain top colleagues, build relationships with guests and create value for shareholders. The Company's subsidiaries develop, own, operate, manage, franchise, license or provide services to hotels, resorts, branded residences, vacation ownership properties, and fitness and spa locations, including under the Park Hyatt®, Miraval®, Grand Hyatt®, Alila®, Andaz®, The Unbound Collection by Hyatt®, Destination®, Hyatt Regency®, Hyatt®, Hyatt Ziva™, Hyatt Zilara™, Thompson Hotels®, Hyatt Centric®, Caption by Hyatt, Joie de Vivre®, Hyatt House®, Hyatt Place®, tommie™, Hyatt Residence Club® and Exhale® brand names, and operates the World of Hyatt® loyalty program that provides distinct benefits and exclusive experiences to its valued members. For more information, please visit http://www.hyatt.com.

About Gencom
Founded in 1987 by Karim Alibhai, Gencom is one of the nation’s leading domestic and international investment and development firms specializing in hospitality with further emphasis on the luxury, mixed-use sector as well as related operating platform investments. Headquartered in Miami, Gencom is fully integrated and highly diversified, with expertise in virtually every aspect of development, acquisition, financing, asset management and sales of hospitality properties. Gencom has had success not only in developing, purchasing and exiting single assets and hotel portfolios, it also has been successful in creating, purchasing and growing hospitality platform investments, throughout the United States, Caribbean and Europe, including Gencom American Hospitality, Summerfield Suites, Carnival Resorts and Interstate Hotels. Gencom companies’ successful track record has led to significant ventures with prominent institutional investors, prominent family groups and other strategic partners both domestically and internationally. For more information about Gencom, please visit http://www.gencomgrp.com.

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