Central American Markets Undergo Billion Dollar Development

Residences

NEWPORT BEACH, Calif.–(EMWNews)–The Concord Group’s (www.theconcordgroup.com)

analysis of recent development projects indicates international wealth

is driving the development of luxury resorts and associated

hotel-branded residences in a growing number of Central American nations.

Luxury hotel brands, such as the Ritz-Carlton and Four Seasons, are

increasingly bringing resorts and branded residences to Central American

markets to meet international demand. These residences receive services

and amenities from their associated hotels and may be put into the hotel’s

rental pool to generate income.

While luxury development in Central America has traditionally been

focused in the mature markets of Costa Rica and Mexico, there are

current and planned branded residential developments in emerging markets

such as Panama and Belize.

• Residences are typically part of large-scale, master planned

  communities geared towards luxury second-home buyers.

• Amenities vary by community, but many include: marinas that can

  accommodate mega-yachts, signature golf courses and resort hotels.

Hotel-branded Central American developments have reached $1,000 per

square foot (PSF) as the market matures. Non-branded luxury residences,

which do not receive hotel services and amenities, average $300 to $600

PSF in comparison.

• Major hotel-branded residences in Costa Rica include the Four Seasons

  at Peninsula Papagayo and the St. Regis in Puntarenas.

• Additional hotel brands with current or planned partnerships in

  regional developments include Mandarin Oriental, Ritz-Carlton, Trump

  and Rosewood.

Significant branded residential development is also occurring nearby in

the Caribbean, a region with a strong history as a premier resort

destination.

• Major branded hotel residences in the region include the Ritz-Carlton

  and Trump at Cap Cana in the Dominican Republic and Mandarin Oriental

  at Christophe Harbour in St. Kitts.

Funding for initial phases of master planned developments and branded

residences is increasingly being jumpstarted by sales of limited founder’s

club residence packages.

• In return for providing initial funds at the first stage of a project,

  founder’s club packages may offer initial

  buyers high returns on their investments.

• Packages may include one or more residences, golf club membership,

  marina slips and access to private members-only clubs.

About The Concord Group:

The Concord Group (TCG) is a premiere national real estate

development project.

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