Real Estate

Donation of Hotel Pad San Jose , Costa Rica.
1. Donation of hotel pad, initially consisting of 8500 square meters,
but can go up depending on the size and type of hotel to be built

2. The land of the hotel pad would be segregated and would be an
individual property title in the registry of Costa Rica within
condominium law, Zoning and registry information of the property comes
attached to this offer

3.Owner is open to negotiate (not donate) additional land for the
development of a convention center

4. Owner agrees to do a joint master plan with the hotel developer,
including and not limited to architectural design and selection of
construction companies and so on

5. Infrastructure costs for hotel and casino shall be shared and shall
be calculated by % of use (parking, roads, water treatment plant,
etc)

6. The hotel developer must pay the broker (NAI Costa Rica) a $300k
flat fee commission over the land donated .

7. The hotel developer must deposit $500,000 amount in a trust managed
by Chicago Title Latin-America to guarantee the realization of the
hotel in order to get the property out of the market

8. Owner expects the hotel developer to start construction ASAP and
finalize the project by a defined reasonable time line considering
possible delays in Costa Rica

9. The hotel developer is aware that The owners core business is
entertainment and will build a casino that has to be attached to the
hotel

10. Owner plans to develop in addition to the casino an area of retail
and class A office buildings, could also have convention space,
depends on master plan and market study.

Ronald Umana.
Real Estate Consultant

www.naicostarica.com

BLOG: http://ublog.naiglobal.com/naicostarica/

+506-2228-7760 (0ffice)
+506-8730-4313 (cell)
+506-2228-7753 (fax)
Skype : rumanacr
referralkey.com/Rumana
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