Revolution Places bring Waldorf Astoria Hotel and Residences to Costa Rica

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Fifteen years ago, investment company Revolution Places bought a piece of undeveloped land on Papagayo Bay in Costa Rica. In late 2022, it finally broke ground for what will become a 190-room Waldorf Astoria hotel with luxury brand homes, dubbed Waldorf Astoria Guanacaste. The five-star resort will open in 2025.

What took so long?

“I kept hearing about this spectacular undeveloped lot,” remembers Steve Case, chairman and CEO of the Washington, D.C.-based investment firm Revolution. The property is located across the bay from Poro Poro Beach Club, the luxury residences owned by Exclusive Resorts, the vacation club owned by Revolution and open to members only. “We bought it and kept it for 15 years because we wanted to develop it the right way,” adds Case, who launched Revolution after leaving the helm of AOL, the technology company he co-founded in 1985.

Revolution, which invests in unique real estate and hospitality opportunities that encourage healthy lifestyles, considered many different potential partners eager to develop the lot. “But I thought of it as a long-term legacy project,” says Case. “It was more important to do it right. So we spent more than a decade finding the right partners to honor this special place.”

Revolution chose to partner with Cacique Investors LLC and Garnier & Garnier (also the project’s Costa Rican developer), who co-own the hotel. It was worth the wait.

Located on the dramatic clifftop peninsula of Cacique in the country’s celebrated province of Guanacaste, Waldorf Astoria Guanacaste marks a milestone for Hilton’s Waldorf Astoria Hotels & Resorts brand as it represents the first entry into the country. Waldorf Astoria Guanacaste joins its portfolio of more than 30 exclusive properties around the world, building on the luxury brand’s presence at iconic resorts in the Caribbean and Latin America.

Revolution chose Waldorf Astoria over other luxury hotel management brands because it shares the same values, says Case. “The Waldorf Astoria has traditionally been an urban model, but it is expanding its brand globally with a particular focus on resorts,” he explains. “We really like the barefoot luxury model that the resort program uses and thought it would fit well with what we do at Cacique. Waldorf Resorts are very beautiful, but also very comfortable.”

Waldorf Astoria Residences Guanacaste

The resort’s residential community offers buyers an unparalleled opportunity to own a private home with the full services offered by a five-star hotel management company in an ecologically rich and visually stunning oceanfront setting. Waldorf Astoria Residences Guanacaste offers 19 condominium residences and 22 estate residences. The sale of the properties is offered exclusively through IMI Worldwide Properties.

Condominiums have panoramic views of the Pacific Ocean and Papagayo Bay. Two and three bedroom homes will range in size from 1,509 to 2,209 square feet. Two-bedroom units start at $1.62 million, while three-bedroom homes cost $2.72 million and up.

Those looking for larger accommodations can choose from 22 estates. Four-bedroom, two-story estates will measure 3,996 square feet, while five-bedroom, two-story, three-story estates will measure just under 5,000 square feet.

Four-bedroom estates are priced at $5.31 million and up, while five-bedroom homes start at $6.37 million. All homes and estates are turnkey and fully furnished with interiors featuring organic materials, clean lines and local architectural influences, reflecting the surrounding natural environment. Condominium and estate owners have the option of placing their property in a vacation rental program operated by Waldorf Astoria. Nine of the estate homes and one of the private condominium homes have already been reserved by buyers.

A focus on sustainability

The oceanfront development is being built with a focus on sustainability and a connection to nature. Guests and residents will enjoy thoughtful design features that blend into the peninsula’s natural environment, including water features throughout the property and a spa built over a naturally occurring creek.

“Sustainability is not yet a mega trend in tourism, but it is something that everyone is embracing and it will gain momentum in the future and people will prioritize it,” says Case. “In general, the resorts of the future will be more at the forefront of sustainability design. And as we’re building this now, we have an opportunity to be one of the leaders that people around the world will look to when it comes to how to get it right.”

The community site plan prioritizes environmentally responsible practices, including biophilic design, which connects with nature, preserving the unique natural topography and native species. The development will also implement highly efficient heating, cooling and waste water systems.

Although the property, including the hotel, residences and estates, is 25 acres, all amenities and necessities are a short walk from each of the residences. All resort vehicles will be electric, providing residents and guests with all their on-site transportation.

Resort Amenities

Residents and guests will enjoy exclusive amenities and experiences. A sprawling holistic wellness center offers a state-of-the-art fitness center, exercise studio, outdoor yoga, and lap and thermal pools. The spa will feature eight treatment rooms, plus three outdoor treatment rooms that mimic a tree house, along with a variety of signature Waldorf Astoria Spa treatments. There will also be a beach club.

Waldorf Astoria Guanacaste offers exceptional culinary excellence with a selection of different food and beverage options, including a signature restaurant and bar, specialty food store, and gelato shop.

Younger guests and residents will enjoy the resort’s range of family-friendly activities, including a children’s center and teen club. For groups and events, the luxury property offers approximately 10,000 square feet of meeting and event facilities, including indoor and outdoor venues, an event lawn, and a ceremonial pavilion for weddings.

Location is everything

Ideally located on the Cacique Peninsula, Waldorf Astoria Residences Guanacaste is a short drive from two neighboring towns with restaurants and shops.

“This is a great launching pad to experience Costa Rica,” says Case. “Guests can visit some of the nearby towns, meet some local people, and have an authentic Costa Rican experience.”

The resort also provides the perfect backdrop for adventurers, sunbathers and nature lovers with the area’s impressive volcanic landscapes, intimate beach coves and tropical forests. The resort’s proximity to Playa Penca, a secluded stretch of beach ideally suited for swimming, water sports and boating, allows guests to enjoy a wide variety of water sports.

Those seeking adventure further afield can enjoy the region’s dynamic tropical rainforest environment with a variety of national parks, trails, caves, volcanoes and waterfalls to explore. “It has the benefit of making you feel like you’re in a unique and special place, but also safe,” says Case. “Which is, of course, another important factor that people take into account when they travel globally.”

Guanacaste Province is also home to one of the world’s rare “Blue Zones,” a term coined by Dan Buettner, a National Graphic Fellow, who researched regions of the world where locals are known to live longer, healthier lives .

Waldorf Astoria Residences Guanacaste is a 25-minute drive from Daniel Oduber Quirós International Airport (also known as Liberia International Airport), which offers direct flights from over 20 international destinations in the US, Canada, Mexico and Europe.

“Anyone who goes to the Cacique Peninsula will fall in love with it,” says Case. “I’ve traveled the world and there’s something magical about this place.”

For more information about Waldorf Astoria Residences Guanacaste, visit this link.

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