Luxury hotel chains, including Marriott, are increasingly investing in branded residences that offer ownership opportunities alongside high-end amenities such as spas and fine dining. Marriott has established a strong presence in this sector, with over 140 residences worldwide and numerous upcoming projects. The company is witnessing a growing demand for standalone residential models, providing unique living experiences tailored to different markets. Properties like the Ritz-Carlton Reserve in Costa Rica exemplify the ultra-luxury offerings available, emphasizing privacy and natural beauty.
As we continue to grow and see demand for our standalone residential model, we have had the opportunity to grow in markets that are best-suited for a branded residential building.
One property that recently opened its doors that I am particularly excited about is Nekajui, a Ritz-Carlton Reserve. With just 36 private residences, it offers an ultra-luxury retreat nestled in the unspoiled natural beauty of Costa Rica's Peninsula Papagayo.
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