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Sinergo Development Group


Gencom Affiliate Acquires Costa Rica’s Peninsula Papagayo

MIAMI—An affiliate of Gencom has acquired Peninsula Papagayo Resort, a 1,400-acre luxury master development in Costa Rica’s Guanacaste province. The exact sum of the acquisition was not disclosed, but Karim Alibhai, principal of Gencom, said it was north of $250 million, and after renovations and development, total investment will be some $750 million.
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