Investment Highlights
An exclusive opportunity to invest in a growing hotel real estate portfolio in Costa Rica.
Up-And-Coming Operator
• ONDA is a tech-enabled operator, targeting Millennial and Gen Z travelers, that drives best-in-class unit economics.
• ONDA holds 20-year master leases to the portfolio properties.
Growing Portfolio in Prime Locations
• Diverse portfolio located in top tourist destinations across Costa Rica.
• Exposure to the red hot Guanacaste property market.
Turnkey Opportunity
• Passive investment in US LLC – easiest way to gain direct exposure to Costa Rica real estate.
• No management fees.
Attractive Returns
• Turnkey model allows us to generate impressive risk adjusted returns.
• Unmodeled upside from future site acquisition – many targets identified.
Why Costa Rica?
Home to four certified UNESCO World Heritage Sites, endless stretches of unspoiled beaches, epic waves, and acres of picture-perfect rainforest foliage, it’s impossible to talk about Costa Rica without mentioning its biodiversity.
Stable Investment Climate
The resilient growth post-GFC of 2008 has enabled Costa Rica to attract significant foreign investment. Thanks to economic & social progress, CR became part of the OECD in 2020.
Strong Tourism Growth
Second most visited country in Central America with 3m+ visitors.
ONDA in Costa Rica
ONDA is focused establishing itself as a leading brand in Costa Rica for millennials and digital nomads.
Operational Asset: Playa Grande
Opened January 2022
19 Keys | 46 Pillows
ONDA Playa Grande is a 5 minute walk from a leading surf beach and is located in close proximity to the nightlife capital of Tamarindo. Property features include coworking space, beer garden with stage/yoga deck, community kitchen, and pool.
Award-Winning Destination
Strategically Located
Positioned For Growth
Asset Under Development: Monteverde
Opening January 2026
28 Keys | 80 Pillows
PROJECT STAGE
Construction Start 2025
ACQUISITION COST
$950K
EXPANSION COST
$2.2M (estimated)
TOTAL COST/KEY
$113K (estimated)
Situated at approximately 4,300 feet in elevation, the Monteverde region is world-famous for its cloud forests and biodiversity. Cooler weather makes this a great compliment to a beach destination.
Travelers seeking nature, adventure, wildlife, and an authentic Costa Rican experience love the pueblo of Santa Elena for it’s small-town feel and easy access to surrounding nature.
Award-Winning Destination
Strategically Located
Positioned For Growth
Team
LEADERSHIP
Bill Graf
CEO
HIG Capital, Harris Williams & Co.
Bernardo Verweij
COO
Hilton, Etihad
PRODUCT & DEVELOPMENT
Federico Chavarria
Architect
Selina, Gensler
Diana Rodriguez
Interior Designer
CJI Group
Tara Brandy
Procurement
Selina
SALES & MARKETING
Allie Kisch
Director of Group Sales
EatStreet, Ian’s Pizza
Eva Bourreau
Director of Development
Hotel le Bristol, Selina
ADVISORY BOARD
Zach Rapaport
Hospitality Development Advisor
Life House, Selina