Pursuit Expands Global Portfolio with Acquisition of Tabacón Thermal Resort & Spa in Costa Rica
"We are thrilled to expand into the Costa Rica market with the acquisition of a premier tourism experience that aligns perfectly with Pursuit's strategic vision," said David Barry, President and CEO of Pursuit. "Tabacón Thermal Resort & Spa exemplifies the immersive, place-based experience we aim to deliver—rooted in natural wonder, cultural richness, and a strong commitment to sustainability. This acquisition provides immediate scale and unlocks compelling opportunities for long-term growth in a high-demand destination.'
A Destination Defined by Natural Wonder and Wellness
Located in the heart of Costa Rica's iconic Arenal region, Tabacón spans 570 acres of rainforest and offers unparalleled access to the country's largest network of naturally flowing hot springs. Set against a lush backdrop, the resort's winding rivers, cascading waterfalls and thoughtfully designed pools deliver a tranquil, immersive wellness experience.
Alongside the hot springs attraction is Tabacón's five-star eco-luxury resort featuring 105 elegantly appointed rooms, an internationally renowned spa and signature culinary experiences. The acquisition also includes the nearby Choyín Río Termal hot springs attraction designed for broader access to the thermal river.
Tabacón holds a five-star rating from the Costa Rican Tourism Institute and has achieved the highest sustainability certification, the Elite Level, under the Costa Rica Sustainability in Tourism Program.
'As we welcome Pursuit to Costa Rica, we are proud to become part of a global brand who like us, provide exceptional and authentic hospitality experiences in stunning and iconic destinations,' said Andrey Gomez, General Manager, Tabacón Thermal Resort & Spa. 'Together, we will continue to foster our deep support for the local community while building a successful future together that showcases Costa Rica's stunning landscapes, rich hospitality and important commitment to sustainable tourism.'
Strategic Growth in Iconic, Perennial Market
Costa Rica represents a counter-seasonal complement to Pursuit's existing North American operations, offering year-round demand and aligning with the company's strategy to grow in iconic locations with enduring demand. The acquisition of Tabacón marks Pursuit's entry into its fourth country of operation, reinforcing its position as a global leader in attractions and hospitality. The experience's sought after location, combined with the country's international appeal, will enable thoughtful growth as Pursuit looks to expand its signature collections.
'We view this as a foundational investment—one that will anchor what we expect will become a broader Costa Rica collection and further elevate our global portfolio of unforgettable experiences,' said Barry. 'As we continue to execute on our Refresh, Build, Buy strategy, we remain focused on delivering exceptional guest experiences in the world's most iconic places while driving meaningful, sustainable growth.'
Advisors
BofA Securities, Inc. served as financial advisor to Pursuit and Arias Law served as legal counsel.
Additional Information for Investors
Pursuit has provided a presentation containing supplemental information related to this transaction on Pursuit's website under Investors/Events & Presentations.
About Tabacón Thermal Resort & Spa
Tabacón Thermal Resort & Spa is an award-winning, year-round eco-friendly luxury retreat located at the base of the majestic Arenal Volcano in northern Costa Rica. Well-regarded for its commitment to sustainability and authentic Costa Rican hospitality, Tabacón offers guests a unique wellness experience with its naturally flowing hot springs, world-class spa, and access to thrilling adventures in the Arenal region. For more information visit tabacon.com.
Images can be accessed here. Photo credit: Tabacón Thermal Resort & Spa by Pursuit
About Pursuit
Pursuit Attractions and Hospitality, Inc. (NYSE: PRSU), is an attractions and hospitality company that owns and operates a collection of inspiring and unforgettable experiences in iconic destinations in the United States, Canada, Iceland, and Costa Rica. Pursuit's elevated hospitality experiences include 17 world-class point-of-interest attractions and 29 distinctive lodges, along with integrated restaurants, retail and transportation that enable visitors to discover and connect with stunning national parks and renowned global travel locations. For more information visit pursuit.com.
Forward-Looking Statements
This press release contains a number of forward-looking statements. Words, and variations of words, such as 'will,' 'expect,' 'deliver,' 'aim,' 'and similar expressions are intended to identify our forward-looking statements. Such forward-looking statements include those that address activities, events or developments that Pursuit or its management believes or anticipates may occur in the future, including all statements regarding our expectations concerning Tabacón's opportunities and performance, our go-forward growth plans and strategies, including with respect to Tabacón's and other potential growth in Costa Rica, and other statements that are not historical fact. These forward-looking statements are subject to a host of risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from those in the forward-looking Important factors that could cause actual results to differ materially from those described in our forward-looking statements include, but are not limited to, risks associated with integrating Tabacón's operations and the risk that we are not able to realize the expected benefits of the acquisition; general economic and geopolitical markets and a worsening of global economic conditions; travel industry disruptions; and the other risks set forth under Item 1A, 'Risk Factors,' of our most recent annual report on Form 10-K and our most recent Current Report on Form 10-Q filed with the Securities and Exchange Commission ('SEC'), as well as any future reports we file with the SEC. We disclaim and do not undertake any obligation to update or revise any forward-looking statement in this press release except as required by applicable law or regulation.
Availability of Information on Pursuit Website
Pursuit routinely uses its investor relations website (investors.pursuit.com) to post presentations to investors and other important information, including information that may be material. Accordingly, Pursuit encourages investors and others interested in Pursuit to review the information it makes public on its investor relations website.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Wire
an hour ago
- Business Wire
Corpay Cross-Border 成為 New Zealand Football 官方外匯合作夥伴
多倫多--(BUSINESS WIRE)--(美國商業資訊)-- Corpay, Inc.* (紐約證券交易所代碼：CPAY) 作為全球企業支付領域的領導者，欣然宣佈旗下 Corpay Cross-Border 業務已與 New Zealand Football 簽署協議，成為其官方外匯合作（FX）夥伴。 透過這項合作，New Zealand Football 將能運用 Corpay Cross-Border 的創新解決方案，協助降低日常營運中的外匯風險。此外，Corpay Cross-Border 屢獲殊榮的平台，亦將使其能夠透過單一入口管理全球支付。 「Corpay Cross-Border 謹此恭賀 New Zealand Football 及 All Whites 成功取得 2026 FIFA 世界盃的參賽資格。」Corpay Cross-Border Solutions 首席市場營銷官 Brad Loder 表示，「我們高度重視 Corpay 品牌的發展，以及在紐西蘭的企業支付及外匯風險管理業務。作為官方外匯合作夥伴，我們期待與 New Zealand Football 攜手備戰世界盃，並建立長期合作關係。」 「隨着我們機構的發展與成熟，需要持續檢視國際營運的方式。此次與大型金融機構的合作，顯示我們已經站在全球化的思維層面。」New Zealand Football 行政總裁 Andrew Pragnell 表示，「能夠在紐西蘭足球運動蓬勃發展的時刻與 Corpay 合作，實在令人振奮，因為這項運動正在紐西蘭的各個層面持續壯大。」 關於Corpay Corpay, Inc. (NYSE: CPAY)是一家全球性標準普爾500指數企業支付公司，致力於協助企業和消費者以簡單、可控的方式支付費用。Corpay的現代支付解決方案套件協助其客戶更好地管理與車輛相關的費用（如加油和停車）、旅行費用（如酒店預訂）和應付帳款（如向供應商付款），從而讓我們的客戶能夠節省時間並最終減少支出。Corpay Cross-Border是指由Corpay, Inc.擁有和經營的一組法律實體。 Corpay——讓付款變得簡單。如欲瞭解更多資訊，請造訪： 。 *本文中的「Corpay」主要指Corpay, Inc.的跨境業務部門： ；查看Corpay跨境業務部門旗下公司的完整列表，請造訪： 。 免責聲明：本公告之原文版本乃官方授權版本。譯文僅供方便瞭解之用，煩請參照原文，原文版本乃唯一具法律效力之版本。
Yahoo
an hour ago
- Yahoo
BHP Group Ltd (BHP) (FY 2025) Earnings Call Highlights: Record Production and Strategic ...
This article first appeared on GuruFocus. Release Date: August 19, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points BHP Group Ltd (NYSE:BHP) achieved record iron ore and copper production, with copper volumes growing by 28% over the past three years. The company delivered a strong financial performance with an underlying EBITDA margin of 53% and a return on capital employed of 21%. BHP Group Ltd (NYSE:BHP) paid a final dividend of 60 US cents per share, resulting in a full-year dividend of $5.6 billion. The company achieved gender balance in its global workforce, with female representation now at 41.3%, contributing to better business performance. BHP Group Ltd (NYSE:BHP) has reduced its capital spend by $1 billion per year over the medium term and revised its target net debt range to $10 to $20 billion. Negative Points The company experienced a 10% decline in EBITDA due to unfavorable commodity prices, despite favorable foreign exchange rates. BHP Group Ltd (NYSE:BHP) encountered higher inflation and cost escalation than anticipated, particularly affecting the Jansen project. The pace of development for decarbonization technology has slowed, delaying anticipated operational decarbonization spend to the 2030s. Higher labor costs over and above CPI inflation impacted the company's financial performance. The transition to closure for New South Wales Energy Coal is progressing, indicating a phase-out of operations in that segment. Q & A Highlights Warning! GuruFocus has detected 5 Warning Sign with BHP. Is BHP fairly valued? Test your thesis with our free DCF calculator. Q: Can you elaborate on the factors contributing to the 10% decline in EBITDA? A: The decline in EBITDA was entirely due to commodity prices. While we benefited from favorable foreign exchange rates, these were offset by inflationary pressures. Despite this, our operational performance remained strong, with copper equivalent volume growth up around 4%. (CFO, Vendita Pant) Q: How has BHP managed to maintain its position as the lowest cost major iron ore producer globally? A: Western Australia iron ore has consistently demonstrated its leadership with record production and shipments, achieving an EBITDA margin of 63%. Our costs are just $17.29 per ton, maintaining our status as the lowest cost major iron ore producer for six consecutive years. (CFO, Vendita Pant) Q: What are the future growth projections for BHP's production? A: Assuming our projects proceed as planned, we anticipate an average production growth of 2.2% per annum over the next decade. This growth is supported by our focus on highly attractive commodities and world-class assets. (CEO, Mike Henry) Q: Can you discuss the impact of inflation and cost escalation on the Jansen project? A: We encountered higher inflation and cost escalation than anticipated, particularly in surface works. We've taken action to contain these costs and will apply learnings to future projects. The first production for stage 2 has been extended by two years to free up capital for higher returning projects. (CEO, Mike Henry) Q: How is BHP addressing the challenges in decarbonization technology development? A: The pace of development for our decarbonization technology, particularly diesel displacement, has slowed. We now expect operational decarbonization spending to occur in the 2030s, aligning with the delayed timeline for critical technologies. However, we remain on track to meet our 2030 target for operational greenhouse gas emissions. (CFO, Vendita Pant) For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Yahoo
an hour ago
- Yahoo
Bloom Energy (BE) Stock in Focus: Jefferies Sticks With Hold Amid Growth Catalysts
Bloom Energy Corporation (NYSE:) is one of the On August 18, Jefferies analyst Lloyd Byrne reiterated a Hold rating on the stock with a $24.00 price target. The firm quoted several potential catalysts working in favor of the stock, including a letter from PJM Interconnection, the CEO's Bloomberg interview, and potential read-throughs from Crowdstrike earnings. It also estimated that investors may be expecting around 1GW of sales in 2027. The firm considers this target a possibility due to Bloom Energy's capacity expansion to 2GW by year-end 2026. 'We estimate the buyside could be baking in ~1GW of sales in '27. With BE expanding capacity to 2GW (1.3GW for product, rest for service) by YE26, hitting that target is possible. However, cadence and timing of deals matter, and we question whether investors are getting ahead of themselves. With BE +20% last week: expectations are ramping with DC deal & efforts by PJM to require new supply with new load. At current levels, we try to determine implied volumes. The stock is currently trading at ~22x '27E EBITDA of $526mn. The median multiple for data center / hyperscalers adjacent cos is ~18x (Ex – 2). To justify a more 'normalized' multiple, investors might be baking much higher EBITDA growth vs sell-side cons.' Bloom Energy Corporation (NYSE:BE) develops solid-oxide fuel cell systems for on-site power generation, helping meet the growing energy demands of AI data centers. While we acknowledge the potential of BE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None.
