Peninsula Papagayo
Peninsula Papagayo is a 1,400-acre private luxury resort and residential community in Guanacaste, Costa Rica, owned by Mohari Hospitality and Gencom, operating Four Seasons, Andaz, and Ritz-Carlton Reserve branded resorts, a marina, and a private club, with real estate branded residences and custom estate sites sold to ultra-high-net-worth buyers.
- Company typePrivate
- Founded2004
- HeadquartersLiberia, Costa Rica
- Headcount101–250
- GTM typeB2C
- OfferingServices
What Peninsula Papagayo does
Peninsula Papagayo is a 1,400-acre private luxury resort and residential community on Costa Rica's north Pacific coast in Guanacaste province, adjacent to the UNESCO-recognized Área de Conservación Guanacaste. It is owned and master-developed by Mohari Hospitality and Gencom Group (which acquired the assets in 2016) through the Costa Rican entity Ecodesarrollo Papagayo Limitada. The community operates three flagship branded resorts: Four Seasons Resort Peninsula Papagayo (182 rooms post-renovation), Andaz Peninsula Papagayo Resort (Hyatt-affiliated), and Nekajui, a Ritz-Carlton Reserve (107 rooms plus 36 branded private residences, opened February 2025 as the first Ritz-Carlton Reserve in Central/South America). Supporting infrastructure includes Marina Papagayo (180 fully serviced berths for vessels up to 250 feet LOA), The Club at Peninsula Papagayo (a private owners-only membership capped at 300-350), and the Papagayo Park amenity hub (a $26 million, 23-acre facility opened December 2025).
The company's revenue model is a hybrid of real estate development and recurring hospitality operations. Real estate sales constitute the primary one-time revenue stream, with branded residences (Andaz Residences Phase II from under $4M; East Enclave from mid-$7M to mid-$9M), custom estate sites ($3.4M-$7.5M), and turnkey construction services (Papagayo Builders, SARCO Architects). Recurring streams include Golf Membership fees ($150,000 refundable deposit, $30,000 non-refundable eligibility fee, $35,000 annual dues), marina berth rentals, property management services from subsidiary Papagayo Estates Management, and resort operations revenue derived from ownership stakes and management agreements with the three hotel brands. Pricing across all products is quote-based, with club membership and brand licensing as the gating mechanisms that lock owners into a broader ecosystem.
Distribution is primarily direct-to-consumer via residential advisors and US toll-free lines, supplemented by the global marketing channels of Hyatt and Marriott/Ritz-Carlton for branded residences. Customer concentration is intentionally narrow, targeting ultra-high-net-worth individuals and families seeking second or multi-generational homes in a private resort setting. Differentiation rests on the 1,400-acre protected setting, three-brand hotel ecosystem, capped club membership, and a 2025 ESG track record (ISO 50001 certification, 51% water footprint reduction, 4,500+ coral fragments planted via the Creciendo Juntos program).
Peninsula Papagayo firmographics
Firmographics- Name
- Peninsula Papagayo
- Legal name
- Ecodesarrollo Papagayo Limitada
- Website
- https://peninsulapapagayo.com
- Company type
- Private
- Founded year
- 2004
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Peninsula Papagayo is a 1,400-acre private luxury resort and residential community in Guanacaste, Costa Rica, owned by Mohari Hospitality and Gencom, operating Four Seasons, Andaz, and Ritz-Carlton Reserve branded resorts, a marina, and a private club, with real estate branded residences and custom estate sites sold to ultra-high-net-worth buyers.
- Ownership category
- akta.pro rank
Peninsula Papagayo industry classification
Industry- Product category
- Luxury Resort Community and Residential Real Estate
- NAICS
- Marinas (713930), Rental and Leasing Services (532)
- SIC
- Hotels, Rooming Houses, Camps & Other Lodging Places (7000), Real Estate (6500), Real Estate Dealers (For Their Own Account) (6532)
- akta.pro primary industry
- Beachfront & Island Luxury Resorts (THAGACAA)
- akta.pro secondary industries
- Luxury Villa Resorts & Branded Villa Communities (THAMAEAI), Resort/Second-Home Community Association Management (BPAJAHAI), Coastal & Island Eco-Resorts (THAAAHAG)
Keywords
Where Peninsula Papagayo is headquartered
LocationHeadquarters
- HQ city
- Liberia
- HQ country
- Costa Rica
- HQ region
- Latin America
Offices2 records
Markets served
Peninsula Papagayo business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Personnel, Infrastructure, Marketing or Sales, Supply Chain, Technology or R&D
Revenue model
- Real Estate Sales: The primary revenue driver is the sale of luxury residential properties including custom estate sites, branded residences (Andaz, Ritz-Carlton), and enclave homes. Properties are sold through direct developer sales with pricing ranging from under $4 million to $9+ million for turnkey residences.
- Club Membership: Golf Memberships are capped at 350 members with a $150,000 refundable deposit, $30,000 non-refundable eligibility fee, and $35,000 annual dues. Membership provides access to all club facilities, resort amenities, and priority booking privileges.
- Marina Services: Marina Papagayo operates 180 fully serviced berths for yachts up to 250 feet LOA. Revenue is generated through berthing fees, fuel bunkering, concierge services, and marina village retail operations.
- Property Management Services: Papagayo Estates Management provides comprehensive property management including maintenance, housekeeping, concierge, and rental management services. Management fees include oversight and coordination; execution of select services is billed separately.
- Resort Operations: Through ownership stakes and management agreements, the company generates revenue from resort operations including Four Seasons, Andaz, and Nekajui Ritz-Carlton Reserve, including food and beverage, spa, and recreational activities.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Pay-as-you-go | Andaz Residences Phase II - Flats |
| One time/ perpetual license | Pay-as-you-go | Andaz Residences Phase II - Townhomes |
| One time/ perpetual license | Pay-as-you-go | East Enclave Residences |
| One time/ perpetual license | Pay-as-you-go | Manzanillo Bay Custom Estate Sites |
| One time/ perpetual license | Pay-as-you-go | The Preserve Custom Estate Sites |
| Subscription | Annual | Golf Membership |
| Subscription | Monthly | Marina Berth Rental |
Go-to-market motion2 records
Distribution channels6 records
Marketing channels7 records
Peninsula Papagayo product offering
Product offeringCore offering
Peninsula Papagayo develops and operates a 1,400-acre private resort community on Costa Rica's Guanacaste coast, selling luxury residential real estate (custom estate sites, branded residences, and enclave homes) alongside operating three branded resorts (Four Seasons, Andaz, Nekajui Ritz-Carlton Reserve), a full-service 180-berth marina, an owners-only private club with capped membership, and bespoke property management services for owners.
Product overview
Peninsula Papagayo is a 1,400-acre private resort community on Costa Rica's Guanacaste coast comprising multiple resort brands (Four Seasons, Andaz, and Nekajui Ritz-Carlton Reserve), a full-service marina, private club, and diverse real estate offerings including branded residences, enclaves by Ronald Zürcher, and custom estate sites. The community offers golf, racquet sports, beach clubs, adventure activities, and property management services. A sustainability program (Creciendo Juntos) supports local communities through sustainable agriculture training.
Differentiator
Problem solved
Functional benefit
Brands
- Marina Papagayo: Full-service deep sea port with 180 berths for vessels up to 250 feet LOA
- The Club at Peninsula Papagayo
- Creciendo Juntos
- Papagayo Park
- Papagayo Estates Management
- Papagayo Explorers
- Papagayo Builders
Products and services
- Four Seasons Resort Peninsula Papagayo Luxury resort featuring 182 re-imagined guest rooms, suites and villas with four culinary concepts and an enhanced signature pool area. Operated on the peninsula under a management agreement with Four Seasons.
- Andaz Peninsula Papagayo Resort Boutique luxury resort offering locally-inspired experiences with contemporary design and authentic Costa Rican hospitality, operated by Hyatt under license.
- Nekajui, a Ritz-Carlton Reserve Ultra-luxury Ritz-Carlton Reserve resort featuring 107 ocean-facing rooms, treetop tents, and 36 branded private residences, operated under license with Marriott/Ritz-Carlton.
- Marina Papagayo Full-service deep sea port with 180 fully serviced berths for yachts up to 250 feet LOA, offering mooring assistance, 24/7 monitoring, yacht assist, fuel bunkering, and dockside concierge service.
- The Club at Peninsula Papagayo Private owners-only membership program providing access to golf, racquet sports, beach facilities, dining, and resort amenities across the peninsula. Capped at 350 memberships with a $150,000 refundable deposit, $30,000 non-refundable eligibility fee, and $35,000 annual dues.
- Papagayo Park Community sports, wellness, and recreation hub featuring multi-sport hardcourts, playgrounds, aquatic environments, yoga shala, pump track, and nature-meets-movement activities, available to residents and guests.
- East Enclave at Nacascolo Bay
Quantifiable outcome
- 51% reduction in golf course water footprint
- +6 more outcomes
Companies that use Peninsula Papagayo
Customer profileNamed customers8 records
Segments5 records
Ideal customer profiles4 records
Peninsula Papagayo technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Peninsula Papagayo partnerships and signals
Strategic signalPartnerships
14 partnerships are on record, tiered flagship, core and minor.
- Hyatt Hotels CorporationflagshipHyatt licenses the Andaz brand for branded residences and operates the Andaz Peninsula Papagayo Resort. An affiliate of Hyatt Hotels Corporation has licensed Ecodesarrollo Papagayo to offer and sell Residences using the Andaz name and trademarks. Neither Hyatt nor its affiliates has any ownership interest in the project.
- Predock (Architectural Firm)coreAntoine Predock is the architect of record for the second phase of Andaz Residences, designing residences that reflect a deep dialogue with nature with expansive indoor-outdoor living, private plunge pools, and generous rooftop terraces. The design features passive design strategies and materials shaped by breezes, light, and hillside contours.
- Ronald Zürcher (Architect)coreRenowned Costa Rican architect Ronald Zürcher designed The Enclaves at Nacascolo Bay (West and East Enclaves), drawing inspiration from the Chorotega's sacred metate artifacts. His designs feature distinctive curved rooflines and offer 30% more interior space with twice the outdoor living areas compared to his earlier Four Seasons Private Villas.
- The Athens GroupcoreThe Athens Group served as joint venture partner with Mohari Hospitality and Gencom in developing Nekajui, a Ritz-Carlton Reserve resort featuring 107 rooms and 36 branded private residences on a dramatic oceanfront bluff.
- Ritz-Carlton (Marriott)flagshipRitz-Carlton, a luxury brand under Marriott International, operates Nekajui as the first Ritz-Carlton Reserve property in Central and South America (only the eighth globally). The brand licensing arrangement brings world-class hospitality standards and global distribution to the ultra-luxury resort.
- SARCO ArchitectscoreSARCO Architects provides turnkey and design-build services for Peninsula Papagayo homeowners, offering integrated architecture, interior design, landscape architecture, and construction management. Their award-winning projects (Casa Paraiso 354) have won multiple International Property Awards and showcase design excellence.
- Papagayo BuildersminorPapagayo Builders is a value-added service from the master developer providing turnkey construction options for homeowners who want to build on their lots but need assistance refining their vision and executing the project.
- Culebra Reef Gardens AllianceminorCulebra Reef Gardens Alliance partnered with Peninsula Papagayo to expand a joint coral restoration program including coral snorkeling, coral planting, coral gardening, and coral adoption. The program has planted over 4,500 coral fragments onto 47 coral nurseries with 83% survival rate.
- Center for Research in Marine Sciences and Limnology (CIMAR)minorCIMAR at the University of Costa Rica, led by Dr. Juan Jose Alvarado, provides scientific expertise for Peninsula Papagayo's coral restoration project in Culebra Bay, employing a science-based approach to coral regeneration.
- Creciendo JuntoscoreCreciendo Juntos (Growing Together) is a community sustainability initiative that invests in the health, education, and opportunity of communities connected to Peninsula Papagayo. Programs include Home Gardens training for local families, biodiversity conservation, and educational support. The organization has trained over 138 families in sustainable agriculture and received national recognition from the Costa Rican government.
- Ministry of Agriculture and Livestock (MAG)coreCosta Rica's Ministry of Agriculture and Livestock partnered with Creciendo Juntos to develop the Home Gardens initiative, providing expertise and resources for training local families in sustainable farming techniques including drip irrigation and fertigation.
- Ernie Els / The Els GroupcoreFour-time major champion and World Golf Hall of Famer Ernie Els serves as global brand ambassador for Peninsula Papagayo and hosts the annual Invitational Member-Guest Charity Golf Tournament. His design company, Ernie Els Design, created the Ocean Course, an Arnold Palmer Signature design. Ernie Els has hosted multiple tournaments to raise funds for Creciendo Juntos.
- Mohari HospitalityflagshipMohari Hospitality, along with Gencom, acquired Peninsula Papagayo's assets in 2016 and continues as a strategic partner shaping the destination's mission. The company serves as master developer alongside Gencom, driving development of luxury resort and residential projects including Nekajui Ritz-Carlton Reserve and Andaz Residences.
- Gencom GroupflagshipGencom Group, along with Mohari Hospitality, acquired Peninsula Papagayo's assets in 2016 and has since developed the 1,400-acre private club and resort community into a premier luxury destination featuring Four Seasons, Andaz, and Ritz-Carlton Reserve properties.
Scale indicators15 records
Recent moves9 records
Expansion highlights4 records
Peninsula Papagayo competitors and assessment
Company assessmentDirect peers
- Four Seasons Resort Hualalai: Luxury resort on Hawaii's Big Island featuring branded residential estates and a members-only club within a master-planned community. Comparable to Peninsula Papagayo's Four Seasons component in combining ultra-luxury hospitality, branded residences, and exclusive membership club for UHNW individuals.
- One&Only Mandarina: Ultra-luxury resort and residential community on Mexico's Riviera Nayarit featuring branded residences and resort villas. Comparable as a recently developed nature-immersed luxury resort community with branded real estate, similar buyer profile, and similar go-to-market via parent brand distribution.
- Mayakoba: Multi-brand luxury resort community in Riviera Maya, Mexico operated by Rosewood, Fairmont, Andaz, and Banyan Tree with private residences, golf, and nature preserves. Directly comparable to Peninsula Papagayo in scale, multi-brand hotel strategy, and integrated residential/sustainability offering for affluent buyers.
- Rosewood Mayakoba: Ultra-luxury resort within Mayakoba featuring lagoon-side villas and branded residences in the Riviera Maya. Directly comparable as a flagship luxury property offering branded residences in a nature-immersed setting with similar HNW positioning to Nekajui and the Andaz Residences at Peninsula Papagayo.
- One&Only Palmilla: Iconic ultra-luxury resort in Los Cabos, Mexico with branded residential offerings. Comparable as a long-established luxury resort combining Five-Star hospitality, branded residences, and resort-anchored club amenity access targeting similar HNW buyer profiles as Peninsula Papagayo.
- Casa de Campo Resort & Villas: Caribbean's premier luxury resort community in the Dominican Republic featuring villas, hotel, marina, golf, and country club. Comparable to Peninsula Papagayo as a multi-decade master-planned luxury destination combining real estate, marina, hotel, and private club for HNW owners.
- Amanvari: Ultra-luxury Aman resort on Mexico's Costa Alegre with branded Aman residences in a nature-immersed coastal setting. Comparable to Peninsula Papagayo's Nekajui in ultra-luxury positioning, branded residences model, and emphasis on experiential wellness and nature-based design for UHNW clientele.
- Punta Mita: Master-planned luxury resort community on Mexico's Pacific coast featuring Four Seasons and St. Regis hotels plus branded private residences. Closely comparable to Peninsula Papagayo in combining multi-brand hotel anchoring, gated residential real estate, and club membership economics for HNW buyers.
Broad incumbents
- Auberge Resorts Collection: Portfolio of luxury hotels, resorts, and residences across North America and Latin America including properties like Esperanza Los Cabos and Chileno Bay. Comparable as a broader competitor operating multiple luxury resorts with branded residences; offers overlapping capabilities but as part of a wider portfolio rather than a single destination.
Regional players
- Hacienda Pinilla: Master-planned luxury resort and residential community in Guanacaste, Costa Rica, sharing Peninsula Papagayo's Pacific coast setting. Comparable as a regional competitor targeting similar HNW buyers with beachfront residential lots, golf, and resort amenities in the same province.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
Peninsula Papagayo social profiles
Digital presencePeninsula Papagayo compliance and trust
Trust signalCompliance3 records
Peninsula Papagayo financial estimates
Financial estimateRevenue estimate
Valuation estimate
Peninsula Papagayo leadership team
Management profileNumber of profiles
Profiles2 records
Peninsula Papagayo subsidiaries and ownership
Company hierarchySubsidiaries1 record
Peninsula Papagayo funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Peninsula Papagayo M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Peninsula Papagayo
What does Peninsula Papagayo do?
Peninsula Papagayo develops and operates a 1,400-acre private resort community on Costa Rica's Guanacaste coast, selling luxury residential real estate (custom estate sites, branded residences, and enclave homes) alongside operating three branded resorts (Four Seasons, Andaz, Nekajui Ritz-Carlton Reserve), a full-service 180-berth marina, an owners-only private club with capped membership, and bespoke property management services for owners.
Is Peninsula Papagayo a public or private company?
Peninsula Papagayo is a private company. It is classified as corporate owned and is currently operating.
When was Peninsula Papagayo founded?
Peninsula Papagayo was founded in 2004. It employs 101 to 250 people.
Where is Peninsula Papagayo based?
Peninsula Papagayo is headquartered in Liberia, Costa Rica, in the Latin America region.
How does Peninsula Papagayo make money?
Five revenue lines are on record. Real Estate Sales are the primary driver. The others are club Membership, marina Services, property Management Services and resort Operations.
Who are Peninsula Papagayo's main competitors?
Direct peers on record are Four Seasons Resort Hualalai, One&Only Mandarina, Mayakoba, Rosewood Mayakoba, One&Only Palmilla, Casa de Campo Resort & Villas, Amanvari and Punta Mita. Auberge Resorts Collection is listed as a broad incumbent. Hacienda Pinilla is listed as a regional player.
Does Peninsula Papagayo have an API?
No public API is recorded for Peninsula Papagayo.
What industry is Peninsula Papagayo in?
Peninsula Papagayo's product category is Luxury Resort Community and Residential Real Estate. Its primary akta.pro industry code is THAGACAA, Beachfront & Island Luxury Resorts, with a secondary code of THAMAEAI, Luxury Villa Resorts & Branded Villa Communities. Its NAICS code is 713930 and its SIC code is 7000.