Plans Announced For Azulera Resort & Spa
Global Financial Group, Morristown, NJ, has announced plans to develop Azulera Resort Village, a us$300 million resort community, in Guanacaste.

The company first revealed their plans on May 18 in San José, before an audience of 170 leading Costa Rican government officials and dignitaries, including newly elected President Oscar Arias.

The resort village will overlook Brasilito Bay on the Pacific Coast, 40 miles from the international airport in Liberia. Spanning 557 acres (225 hectares), the community will feature the Hyatt Regency Azulera Resort & Spa, a Greg Norman-designed championship golf course, shops, condominiums, townhouses, villas, and private luxury homes. In addition, there will be a commercial village strip, which will offer residents access to the finest goods and services in a convenient and secure setting.

"To create Azulera Resort Village, we have assembled a dream team of designers, architects and hospitality companies, whose portfolios include some of the world's most celebrated resort destinations and golf courses," said Anil Kothari, president and chief executive officer of New Jersey-based Global Financial Group. "With a collaboration of this caliber, Azulera will be the premier resort community on Costa Rica's Pacific Coast."

Construction is scheduled to begin in July 2006. The project's first phase - the hotel and golf course - is scheduled for completion by the end of 2008.

Hyatt Regency Azulera Will Be Centerpiece of New Resort

The Hyatt Regency Azulera will be the newest resort destination in the Guanacaste province, Costa Rica's most coveted vacation destination. The bio-sensitive luxury resort will sit in a 47-acre tropical forest that stretches from mountain peaks to the rugged Pacific Coast. Nestled within a pristine forest, Hyatt Regency Azulera will provide an elegant, yet unobtrusive retreat, where guests can enjoy the area's dramatic scenery.

"Few locations boast more spectacular landscapes," said Victor Lopez, senior vice president of development, Hyatt Hotels Corporation. "Hyatt is thrilled to be offering guests a unique Costa Rica experience in Hyatt Regency style that includes exquisite facilities and impeccable service in this vacation paradise."