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Thunderbird
Resorts Announces Casino-Resort
Project
Thunderbird Resorts, Inc.
announced the completion of the
acquisition of land for a new
casino-resort project in Costa
Rica.
The "Thunderbird Resort - Tres
Rios" project encompasses
approximately 11 hectares of
scenic land located in the
"under-served" eastern suburbs
of San José.
The development theme for the
entire project is consistent
with the natural beauty of the
area. The property is one of the
only available locations zoned
for tourism development and has
excellent access by way of Costa
Rica's main East-West highway.
Across this highway from the
project site is a new highly
successful "super mall" called
"TerraMall".
The Thunderbird resorts Tres
Rios project will target the
eastern San José population of
approximately 500,000 middle and
upper-class residents who reside
in La Union and throughout the
province of Cartago.
The Cartago area is one of the
important tourist destinations
for Costa Rica's more than 1.5
million annual visitors, who
spend over us$1.5 billion
annually.
Currently none of these markets
are served by a resort hotel,
convention center or casino
product.
Thunderbird Tres Rios will be
anchored by a luxury resort
hotel, a Las Vegas style casino,
a world-class convention center,
a world-class spa and health
club, commercial real estate and
a private residential community.
The Tres Rios development
conforms with Thunderbird's
mission to become the leading
recreational property developer
and operator in each of its
markets, whose resorts are
anchored by casinos.
Thunderbird Resorts’ subsidiary,
Thunderbird de Costa Rica, has
focused intensely on Costa Rica
since late 2003. The market
stability, talented work force
and large tourism sector have
made Costa Rica a bright spot
for foreign investment in Latin
America.
Thunderbird de Costa Rica has
rapidly increased its market
share and is currently operating
four casinos in the San José
area, including Thunderbird’s
flagship casino, Fiesta Casino
Costa Rica at the Garden Court
Hotel which opened for business
in March of 2005.
The other Thunderbird de Costa
Rica casinos are the Fiesta
Casino, at the Presidente Hotel;
Gran Hotel and Casino; and the
Fiesta Casino Heredia.
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