Peninsula Papagayo Breaks Ground on Second Oceanfront Residences Neighborhood

CULEBRA, Costa Rica, Oct. 21, 2026 /CourierPR/ -- Peninsula Papagayo, a premier coastal retreat spanning 1,400 acres of breathtaking landscapes in Guanacaste, Costa Rica, has announced the groundbreaking of a second neighborhood of 35 oceanfront Andaz Residences on the North Pacific coast's Culebra Bay. This development marks the next step in the long-term vision of Mohari Hospitality, a global investor focused on the development of luxury hospitality assets, which acquired the remaining stake in Peninsula Papagayo earlier this year to become its sole owner.

Mohari Hospitality, established in 2017 by Mark Scheinberg, has a portfolio that includes a range of luxury assets at Peninsula Papagayo in Costa Rica, including Four Seasons Resort Peninsula Papagayo, Andaz Peninsula Papagayo Resort, Nekajui Peninsula Papagayo, A Ritz-Carlton Reserve, the Clubhouse at Prieta Beach, the Arnold Palmer Signature Ocean Course, Marina Papagayo, and an exclusive collection of oceanfront homes and villas. The community features a seamless blend of adventure, nature, and sustainability in one of the world's most biodiverse destinations.

The new Andaz Residences are designed to meet all Costa Rican government site coverage and density requirements, allowing construction to proceed without delay. The 35-acre oceanfront Andaz Residences set a new standard for luxury branded living in Costa Rica, bordering the protected forests of the Área de Conservación Guanacaste. The neighborhood is designed as a private residential neighborhood, adjacent to the Andaz hotel and offering seamless access to the full Peninsula Papagayo ecosystem, which includes the Arnold Palmer Signature Ocean Course, the members-only Clubhouse at Prieta Beach, and Papagayo Park, a 20-acre sports and wellness hub.

The residences are designed for second home living, offering two-, three-, and four-bedroom floor plans, each with a private plunge pool and most with rooftop terraces framing sweeping views of Culebra Bay. At the heart of the community, the private owners' clubhouse overlooks the bay and sets the tone for the experience within, including a resort-style pool, fitness and wellness areas, terraces designed for gathering, a flexible lounge, and an upper-level café. Day-to-day life is managed by Andaz Peninsula Papagayo Resort, with a dedicated staff offering 24-hour concierge, valet parking, priority reservations, in-residence dining, housekeeping, and an optional rental program available through Andaz.

Designed by Predock, the acclaimed Albuquerque-based architecture and planning studio, the residences are shaped by their setting. Forms rise from the land's natural terraces, with cantilevers that echo the curve of the coastline. Materials are raw yet refined: textured stucco, matte glass, and wood-shake roofing, with passive design principles built in from the ground up so that sustainability is woven into the architecture rather than added as an afterthought.

The second neighborhood of Andaz Residences is priced from under $4 million, representing an exceptional opportunity for an oceanfront, fully serviced home at Costa Rica's most exclusive address. The residences are priced to meet all Costa Rican government site coverage and density requirements, allowing construction to proceed without delay.

Peninsula Papagayo, located on Costa Rica's North Pacific coast in Guanacaste, is easily accessible via more than 100 seasonal weekly flights from major cities in North America and Europe. The community features Four Seasons Resort Peninsula Papagayo, Andaz Peninsula Papagayo Resort, Nekajui Peninsula Papagayo, A Ritz-Carlton Reserve, the Clubhouse at Prieta Beach, the Arnold Palmer Signature Ocean Course, Marina Papagayo, and an exclusive collection of oceanfront homes and villas. Committed to environmental stewardship, Peninsula Papagayo champions sustainable development, conservation, and community initiatives to preserve Costa Rica's rich natural and cultural heritage.

As of June 30, 2026, Hyatt Hotels Corporation's portfolio included more than 1,500 hotels and all-inclusive properties in 83 countries across six continents. The Company's offering includes brands in the Luxury Portfolio, such as Park Hyatt, Alila, Miraval, Impression by Secrets, and The Unbound Collection by Hyatt; the Lifestyle Portfolio, including Andaz, Thompson Hotels, The Standard, Dream Hotels, The StandardX, Breathless Resorts & Spas, JdV by Hyatt, Bunkhouse Hotels, and Me and All Hotels; the Inclusive Collection, including Zoëtry Wellness & Spa Resorts, Hyatt Ziva, Hyatt Zilara, Secrets Resorts & Spas, Dreams Resorts & Spas, Hyatt Vivid Hotels & Resorts, Bahia Principe Hotels & Resorts, Alua Hotels & Resorts, and Sunscape Resorts & Spas; the Classics Portfolio, including Grand Hyatt, Hyatt Regency, Destination by Hyatt, Hyatt Centric, Hyatt Vacation Club, and Hyatt; and the Essentials Portfolio, including Caption by Hyatt, Unscripted by Hyatt, Hyatt Place, Hyatt House, Hyatt Studios, Hyatt Select, and UrCove. Subsidiaries of the Company operate the World of Hyatt loyalty program, ALG Vacations, Mr & Mrs Smith, Unlimited Vacation Club, Amstar DMC destination management services, and Trisept Solutions technology services.

Peninsula Papagayo, a fully serviced residential sanctuary on Culebra Bay, with completion expected in 2029, has announced the groundbreaking of a second neighborhood of 35 oceanfront Andaz Residences on the North Pacific coast's Culebra Bay.