The Offering is approximately 43 acres of land in the coastal mountains south of Quepos near Manuel Antonio National Park, with unrivalled sea views and proximity to Playa La Vaca Beach. This development presents the opportunity to build the first globally-recognized hotel brand in one of the most famous and beautiful beach destinations in Costa Rica. The site is adjacent to government-owned land surrounding Playa La Vaca Beach, protecting the site’s sea views and beach access. Plans have been approved for a 97- room hotel and 54 residences, and the entitlements allow for closer to 200 units of equivalent size. The destination has a competitive set of boutique hotels that command a strong rate, particularly for villa and bungalow room types, and unaccommodated demand for upper upscale hotel product. Manuel Antonio is a strong ecotourism destination, and the site offers nature trails for hiking and water activities at nearby Playa La Vaca Beach. Costa Rica offers favourable foreign investment conditions, given the U.S.-Central American Free Trade Agreement, and has become a leading sustainable tourism destination.