Latest news with #Tabacón
Bloomberg
02-07-2025
- Business
- Bloomberg
Costa Rican Luxury Resort Near Waterfalls, Hot Springs Sells for $111 Million
Pursuit Attractions and Hospitality Inc., which owns and operates hotels and sightseeing attractions, is acquiring the Tabacón Thermal Resort & Spa in Costa Rica as the company seeks to diversify into warmer climates. Pursuit is paying $111 million for the property, according to a statement Wednesday. The deal includes a 105-room hotel set against more than 900 acres (360 hectares) of rainforest with access to rivers, waterfalls and Costa Rica's largest network of naturally flowing hot springs. It also includes another nearby hot-spring attraction that is open to guests who aren't staying at the hotel.
National Post
02-07-2025
- Business
- National Post
Pursuit Expands Global Portfolio with Acquisition of Tabacón Thermal Resort & Spa in Costa Rica
Article content DENVER — Pursuit Attractions and Hospitality, Inc. (NYSE: PRSU) ('Pursuit') today announced the acquisition of Tabacón Thermal Resort & Spa ('Tabacón'), a renowned luxury retreat in the Arenal region of Costa Rica. This transaction marks a significant step in Pursuit's global growth strategy, expanding its signature hospitality experiences into another one of the world's most iconic travel destinations. Article content Article content '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.' Article content A Destination Defined by Natural Wonder and Wellness Article content 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. Article content 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. Article content 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.' Article content Strategic Growth in Iconic, Perennial Market Article content 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. Article content '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.' Article content BofA Securities, Inc. served as financial advisor to Pursuit and Arias Law served as legal counsel. Article content 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 Article content Images can be accessed here. Photo credit: Tabacón Thermal Resort & Spa by Pursuit Article content About Pursuit Article content 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 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. Article content Article content Article content Article content For media inquiries, please contact: Article content Article content Tanya Otis, Pursuit Article content Article content Email: Article content totis@ Article content | Phone: 587.222.4686 Article content For investor inquiries, please contact: Article content Article content Article content Article content
Business Wire
02-07-2025
- Business
- Business Wire
Pursuit Expands Global Portfolio with Acquisition of Tabacón Thermal Resort & Spa in Costa Rica
DENVER--(BUSINESS WIRE)--Pursuit Attractions and Hospitality, Inc. (NYSE: PRSU) ('Pursuit') today announced the acquisition of Tabacón Thermal Resort & Spa ('Tabacón'), a renowned luxury retreat in the Arenal region of Costa Rica. This transaction marks a significant step in Pursuit's global growth strategy, expanding its signature hospitality experiences into another one of the world's most iconic travel destinations. "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 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 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 ( 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.
