Playa Conchal Exclusive Beach & Golf Community, Costa Rica, Prepares For Grand Opening Of Phase III

GUANACASTE, Costa Rica - Playa Conchal Resort Exclusive Beach & Golf Community, located on the magnificent Conchal beach on the Northwest coast of Costa Rica, is gearing up for the first stage of the Phase III completion of 40 luxurious Bougainvillea Condominiums.

Meliá Playa Conchal All-Suite Beach & Golf Resort and it's 18-hole, Par-72, Robert Trent Jones II-designed "Lion's Paw" golf course, Phase I and II respectively, were completed in 1997.

On Jan. 16, 2002, construction on the first stage of Phase III of the $800 million project will be complete. New homeowners will begin moving into their condos on Feb. 16. From Feb. 16 to Feb. 23, Stewart Title and Century 21 Playa Conchal will be celebrating the Phase III completion with a ribbon cutting ceremony, golf outing, community breakfast, open house and other special group activities, which will provide homeowners with the opportunity to meet their new neighbors.

"We are looking forward to welcoming these new homeowners to our spectacular community," said Richard Pfeifer, Managing Director of Desarrollos Hoteleros Guanacaste. "When all phases are complete, Playa Conchal Exclusive Beach & Golf Community will be the most select oceanside golf and residential community in Central America."

Phase III consists of six and eightplex Bougainvillea Condominiums and a community clubhouse with swimming pool. The eightplex buildings feature larger units with three or four bedroom units. The sixplex buildings feature two bedrooms and two bathroom units. All models offer a breathtaking view of the Pacific Ocean and will be located along the challenging "Lion's Paw" golf course that surrounds the neighboring Meliá Playa Conchal All-Suite Beach & Golf Resort.

Upon completion of all phases of the gated community, the entire complex will include custom homes, condominiums, three championship golf courses, five deluxe resorts, commercial and recreation centers, a beach club, 24-hour security and many other first-class amenities. Playa Conchal Resort Community is situated 15 minutes from Tamarindo Airport and 45 minutes from the new Liberia International Airport. The capital city of San Jose is 45 minutes by plane.

A team of professionals from Stewart Title and Century 21 Real Estate will handle all sales aspects throughout each phase of the project for the Bougainvillea Condominiums. Stewart Title and Century 21 will also assist with all aspects of property management, legal information, insurance, homeowner's information and interior design.

Playa Conchal Resort Exclusive Beach & Golf Community offers incomparable living where nature, ocean and golf combine as one. This exclusive gated community is nestled in the most prosperous tourist region of Costa Rica, which aims to increase the value of investment for years to come. Further information can be obtained by contacting the Playa Conchal Resort real estate offices at 011-506-654-4734, via e-mail at info@playaconchalresort.com or by visiting www.playaconchalresort.com.

For more information, contact Julie Fernandez at YP&B, (407) 875-1111.

October 1, 2001