Another resort is expected to be constructed in the Gulf of Papagayo by Monte del Barco, a subsidiary of the Investment Fund of Real Estate Development of the same name, which is managed by Aldesa.

$100 million will be invested in this complex, and it will be part of the Rosewood Hotels and Resorts chain. It will have 130 rooms.

The company will proceed with the architectural design with the firm HKS, based in Dallas, as well as take steps with them to raise the capital necessary for the construction project.

“Through the signing of this agreement and its future financing, the company seeks to revive the Monte del Barco project, while positioning it as a worldwide luxury destination,” said Javier Chavez, Chairman of Aldesa.