The SunVesta project Papagayo Bay Resort & Luxury Villas will result in a whole host of benefits for Costa Rica, the province of Guanacaste and the Papagayo Golf Region. The Papagayo project is the largest foreign private investment in Costa Rica with a substantial equity contribution from its sponsors. The project is committed to the highest possible standards of environmental compatibility and social responsibility. It is regarded as the benchmark for the further development of sustainable tourism in the region. The local government supports the project.
The sustainable hotel design limits construction to a maximum of 30 percent of the site and ensures the protection of the existing forests and wild animals. For better visual integration, we will plant the roofs with greenery, install underground car parks and restrict the height of the buildings. Furthermore, great importance will be attached to low water consumption, with water-saving landscaping, recycling of service water and prudent use of drinking water are self-evident. The swimming pools will be predominantly filled with sea water. Waste water will be processed on site in our own treatment plant in order to be used again.
From the initiation of the project through to its completion, SunVesta will have employed more than 30 companies in Costa Rica with over 1,000 staff. Since the beginning of the project, we have involved eleven Costa Rican planning companies with 80 employees in the project. All of the planners, architects, engineers and construction companies are Costa Rican, with the exception of the interior designers and outfitters. After it opens, the hotel will directly or indirectly create jobs for over 1,000 people, around 600 of which will work in the resort.
Thanks to the resort, some 25,000 additional guests in the upper income category will travel to this area and thus contribute to the development of the wider tourism infrastructure.
The local infrastructure will also benefit from the project. SunVesta has already contributed to the development of the water supply system for villages in the region. Private investors arranged for the construction of an additional aqueduct, doubling the capacity of the local water supply system from 20 to 40 litres per second. The total investment volume was USD 680’000, including a donation from SunVesta in the amount of USD 200’000.