JLL’s Hotels & Hospitality Group has announced the $111-million sale of Tabacón Thermal Resort & Spa, a 570-acre luxury wellness property located in the La Fortuna region of Costa Rica. Pursuit Attractions and Hospitality, Inc. acquired the asset, which includes the 105-room Tabacón Hotel and the Tabacón Hot Springs, Costa Rica’s largest network of naturally flowing thermal mineral springs.
JLL represented the seller in the transaction. The advisory team included Andrew Dickey, senior managing director; Maciej Polek, senior director; and Derek Hayden, vice president.
“Tabacón represented a once-in-a-generation opportunity to acquire a truly irreplaceable asset with significant upside potential,” said Dickey. “With Costa Rica’s exceptional tourism growth, expanding international airlift and the property’s unencumbered management status, new ownership will have maximum flexibility to execute their vision while benefiting from the country’s continued appeal as a global wellness and eco-tourism destination.”
The resort is located at the base of the Arenal volcano and includes accommodations ranging from 376-square-foot Orchid Rooms to 2,530-square-foot Two-Bedroom Arenal Suites, all with views of the rainforest or volcano. Guestrooms and suites are appointed with local handicrafts and furnishings created by Costa Rican artisans.
The resort also includes a network of thermal pools and waterfalls, a world-class open-air spa, and Choyin Rio Termal, a separately branded thermal experience that opened recently.
JLL noted that its Hotels & Hospitality Group has completed $83 billion in transactions globally over the past five years. The firm’s 370 professionals in over 20 countries have also completed more than 7,350 advisory, valuation and asset management assignments.
