Casino City Caribe – Mar Caribe Beach Resort, a planned beachfront resort development is offered for sale or for equity investment, located in the central Caribbean Coast of Costa Rica. Properties are titled in fee-simple, Zoned, Approved for Tourism & for foreign investments, MINAE & Sustainability agency permitted, Master Plans Approved; Licenses & Operating Permits are issued for Casinos and Bars. Properties are in undeveloped pre-construction stage and are structured for easy Sale / Investment through corporate ownership.
Casino City Caribe Resort is composed of seven independent but contiguous properties. These projects provide synergy and complement each-other to form a stand-alone self-sustained beachfront resort Community. Properties/projects are offered for sale each as an individual entity or combined as a package of several or as the whole package of seven projects. Seven approved projects include 3 hotels (264 bed rooms), Marina (50 slips), Casinos (3 anchor & 7 boutique), waterfront apartments (219 units), vacation/ second homes/Lots (191 homes/Lots), Commercial center, Conference Center (575 people), Wellness center/SPA, Business Center, Discotheque/Entertainment Complex and secondary support uses. The project area is known for eco-tourism, cultural diversity, festivals, quiet beaches, long beach walks, fishing & boating, plantations, tropical flora and fauna.
Properties for sale are approximately 45 acres of net building sites, titled to the waterfront to the 50 meter inalienable zone, nestled in 100 acres of private reserve. Resort property fronts about 200 meters on the ocean with the rear on the Canal front and extends from the ocean to the canal about 1100 meters.
Properties are owned by corporations structured for easy transfer for sale or for equity investment. Corporations, each as a single project corporation are Costa Rica registered private corporations, formed in 1993 with the full power of attorney vested in the corporation President.
The total package of seven approved projects, with properties and Approval, Licenses, Permits obtained to-date are offered at US$37. M (“As Is” terms).
Equity or Joint venture offers will be reviewed for their terms. Any or all investment will be asset based only and will require initial cash for payouts.
Financial projections are made with conservative data and at a moderate rate of market absorption using the government supplied & available statistics.
CASINO CITY CARIBE– MAR CARIBE BEACH RESORT Caribbean Coast, Costa Rica To describe a visionary planned project with entitlements & Licenses:
Central Caribbean Coast of Limon in Costa Rica is a major growth area with all the MEGA projects in start-up stage in addition to the demand for Tourism infrastructure. Our planned all entitled properties / projects are on the Moin peninsula, Limon, Costa Rica and can meet some of these market demands. Our proposed UNIQUE all permitted development in Costa Rica would be of interest to an acquisition entity, strategic investment partner or for a developer investor. Caribbean coast is a major growth area with impending mega projects creating demand for homes and entertainment. We are attaching project information on our planned mixed-use, multi-project Casino Residential Resort development that includes three Casino Hotel projects with three Casino Licenses along with Two Waterfront Condo apartment’s project and Two Home Lots Subdivision projects.
Our unique projects with entitlements are available separately or as a bundle of several development properties. Casino licenses are purchased and are included in the sale. Vision for the project is a Casino Residential Resort like a "Mini Las Vegas" with the attributes of a full service all-inclusive destination resort like a "Club Med". This will be an added anchor project for tourists, local as well as for all Costa Rica population. It is close to the existing Limon International airport as well as well positioned for the proposed local airport in Matina. Because of its waterfront location on both sides’ water taxis can be an efficient transportation mode for the workers and executives involved in the mega projects.
It is located in the area designated for MEGA infrastructure projects of over US$5.2 Billion. It is an unique opportunity as a whole package as it is the only permitted major project in the area to meet the demands of accommodations, homes and entertainment for the projected employment of over 5000 local and expats over ten years and during construction stage 1500 over next three years. Each of the seven development properties including three Casino Hotel properties are a separate entity by way of corporate ownership. The properties are all titled, master plan approved and entitlements issued. The properties are at present in green-field status (Ground-Up development) with approvals and permits; and preliminary design (Ante-Project) in place. Next step for a developer is to go for detailed design, construction permit and into construction.
Hotel, Casino, Marina management, Brands, Flags are open to their choice to the Buyer / Acquisition party.
Caribbean coast has two cruise-ship terminals with over 200 sailings a year, especially during Nov to May dry summer weather period when 2 or more cruise-ships arrive a day with a privilege of 3 day lay-over in Limon.
These guests usually travel to accommodations, facilities and attractions located outside of the city area to as far as San Jose as there are no quality tourism infrastructure close to these terminals. Our projects provide quality accommodations close to the terminals for these 3 day layover guests.
Our projects are attractive to Limon residents which include a large number of Asian – Chinese population who are known as gaming enthusiasts and who travel to San Jose as there are no quality Casino operations in the area. Our projects with three Casino licenses can meet these gaming demands for the local Asian – Chinese populations, tourists, cruise-ship guests, our hotel guests and resident population of the planned resort.
Properties are TITLED to the 50 meter inalienable zone (this size property with master plan approvals and licenses are rare on the market in Costa Rica).
Each individual project is priced from US$100 per sq. meter for Homes titled Lots (subdivisions) to US$200 to US$375. Per sq. meter for Casino Resort Hotel Marina Conference center properties. All properties sale prices include the titled land all work done to-date plus permits and licenses for the specific project.
The total project properties as one deal are priced at US$200. Per sq. meter (US$37 M for 18 + Ha).
The subject properties / projects are a "ground up development" and are in the Pre-development / green-field (Bosque-Natural) stage.
Our preference is to sell one or more properties. We will be glad to answer any queries you may have or for any clarifications required.
For more information on request.