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JTL Capital acquires large, ocean-front property in Costa Rica

April 30, 2005

Dallas-based JTL Capital announced today that it has closed on the acquisition of 921 acres fronting the Pacific Ocean in Northwest Costa Rica. 

Purchased in partnership with Dallas-based Oakridge Investments, the Matapalo Beach site is centrally positioned along the country's famed Gold Coast in the Guanacaste Province.  The 921-acre site enjoys a beautiful, sun-splashed beach surrounded by gently sloping plains leading to rugged cliffs that offer breathtaking views of the ocean.

The site is comprised of two contiguous parcels divided by a small road.  The 192-acre beach-front parcel is nearly flat, with 1,640 lineal feet of beach frontage.  The 729-acre "back" parcel extends away from the beach, first gently sloping and then rising more steeply until reaching 350-foot-high cliffs.

The JTL/Oakridge partnership plans to develop a hotel/resort with ancillary facilities on the beach-front parcel, while reserving the "back" parcel for development of low-density residential centered on a world-class golf course and other amenities.  Several international hotel operators and developers have already shown serious interest to develop or acquire the beach-front property.  Following the quick success of the new Four Season's on Peninsula Papagayo, Costa Rica is rapidly becoming the most sought-after luxury resort and second home residential destination in the Western Hemisphere.

For more information visit www.jtlcapital.com.

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