Costa Rica's Peninsula Papagayo Completes Port

Marina Village to Include Hotel, Residences, Restaurants, Boutique Shops and Local Artisans

. January 13, 2009

GUANACASTE, Costa Rica, January 12, 2009 - Peninsula Papagayo, the most successful luxury resort brand in Central America today, has opened Phase I of Marina Papagayo - Costa Rica's first luxury port. Phase I includes 180 slips capable of accommodating private watercraft ranging from sport fishing boats to mega-yachts. Upon completion, Marina Papagayo will rival the globe's most desirable ports of call.

Situated below the hurricane belt and naturally sheltered from easterly trades along Central America's fashionable cruising coastline, Marina Papagayo will serve as both a pleasure stop and strategic harbor. This natural amphitheater location provides a year-round safe haven on calm, protected waters - a place to anchor one's spirit for a few exhilarating days or a lifetime.

"As a pivotal mooring location for yachts and vessels cruising from the Caribbean, the Mediterranean and all points of the Pacific, Marina Papagayo will be a key international port and Costa Rica's most elegant and impressive marina facility," said Alan Kelso, CEO, Ecodesarrollo Papagayo, master developer of Peninsula Papagayo and Marina Papagayo. "Nearly 3,000 years ago, this country's inhabitants saw this area as an ideal seafaring environment, and it still is. Marina Papagayo and our Marina Village will be Costa Rica's first and most exclusive luxury destination for yachting enthusiasts and homebuyers, and the showpiece of Peninsula Papagayo's resort community."

Marina Papagayo features include:

---|Ultra-wide docks with generous slips and fairways

---|Dockside Marina Concierge

---|On-site immigrations and customs operations

---|Boat storage, high speed diesel fueling and service areas

---|Access to electricity, water, telephone, WIFI and CATV at each slip

Papagayo's oceanfront Marina Village will exude the spirit of Costa Rica within a cozy European ambiance similar to Portofino, Italy. The vibrant village will be everything a full-fledged Latin American village-by-the-sea should be - alive with global sophistication and day-to-night festivities. Indigenous wood and stone will create an organic palette that blends into the hillside jungle. The village master plan also calls for luxury hillside residences, a hotel, boutique shops and restaurants in a pedestrian-friendly atmosphere.

Whether a centerpiece at the edge of the ocean or a pied-a-terre notched into the lush hillside, secluded hideaway residences will offer an intimate connection to Costa Rican waters with a patchwork of architectural styles reminiscent of ancient cities by the sea. At completion, Marina Papagayo will have approximately 500 homes. For a limited time, ownership amenities include access to Peninsula Papagayo's private Arnold Palmer Signature Golf Course and the newly opened Prieta Beach Club & Spa, featuring a beachside spa, workout facilities, multiple pools, bars and restaurants in a dramatic open-air setting.

Brandy Marine, International LLC, a Florida firm with over 30 years of experience in designing, managing and operating marina facilities worldwide, is overseeing Marina Papagayo operations.

For information on Marina Papagayo Yacht Club Membership, contact Diana Michel, Director of Marketing, Brandy Marine International, at 941-806-0860 or via E-mail, [email protected].

For more information on residential ownership opportunities at Marina Papagayo, contact Ron Barnes, Director of Sales & Marketing, U.S. toll-free, 888-863-0301, via E-mail, [email protected] or visit www.marinapapagayo.com

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