This week
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Auto-summarized from this week's on-site reports.
Week of Oct 19–23, 2026
Mitigation permitting, Remington IT coordination, and Darko landscaping review advance
The week centered on three interlocking fronts. For the Quebrada San Pedro mitigation works, the team coordinated machinery logistics, met with operators, engaged a civil engineer for technical review, and identified the need for new drawings — existing ones belong to Cimas — before a permit application can proceed; ASADA was notified of an upcoming coordination meeting. On the design side, an in-person session with Darko resolved landscaping scope and its integration with exterior lighting, while a meeting at Saballos Arquitectos covered project deliverables and the hotel's art package. Operationally, follow-up with Remington's Mr. Benito is progressing toward an IT team meeting to assess technology requirements, and coordination with Mr. Renee aims to schedule a visit to the IHO showroom. Supplier invoices were forwarded to Accounting, and administrative records — company cards, petty cash, and HR documentation — were kept current.
Hotel
- Quebrada San Pedro mitigation: coordinated machinery access, earthwork quantities reviewed, new drawings identified as required for permit application
- ASADA notified of upcoming coordination meeting; civil engineer engaged to assess mitigation interventions
- In-person meeting with Darko team to align landscaping scope with exterior lighting design
- Meeting at Saballos Arquitectos to review project deliverables and hotel art package for interior spaces
- Follow-up with Remington's Mr. Benito to schedule IT team meeting and review hotel technology requirements
- Coordination with Mr. Renee to confirm visit date to IHO showroom for product and proposal review
- Supplier invoices forwarded to Accounting; company card, petty cash, and HR records updated
Mitigation Works
Design & Art Package
Permitting
Site & Infrastructure
Past updates
Update archive
All past investor updates in one place.
Oct 25, 2026
Mitigation permitting, Remington IT coordination, and Darko landscaping review advanceThe week centered on three interlocking fronts. For the Quebrada San Pedro mitigation works, the team coordinated machinery logistics, met with operators, engaged a civil engineer for technical review…
Oct 17, 2026
ICT tax exemption process launched as vendor meetings advance hotel coordinationThe week centered on administrative consolidation and a series of high-value stakeholder meetings. The team met with Invicta's accounting group to reconcile invoice allocations across CHK, FECAPE, and…
Oct 11, 2026
FF&E budget review, Design Box evaluation, and engineering gaps identifiedThe week centered on FF&E budget prioritization and art package refinement, informed by recent artist visits in Sarchí and Marriott's standards. Saballos Arquitectura's Tatiana Betancourt prompted a v…
Oct 6, 2026
Drawing packages, art curation, and landscaping quotes advance in parallelThe week centered on three interlocking tracks. Engineering coordination meetings addressed both the 60% and 100% drawing package submissions to Marriott, with Saballos Arquitectos asked to provide up…
Sep 5, 2026
Engineer reviews, vendor showroom visit, and Remington alignment advance hotel developmentAcross two reporting weeks, the hotel team maintained steady administrative momentum while conducting substantive technical and procurement work. The week of Aug 24 centered on the weekly virtual engi…
Aug 29, 2026
BOH Plan Revisions and Landscaping Scope Advance Hotel DevelopmentThe week of August 17–21 was anchored by two substantive technical engagements. On Tuesday, the team held a virtual meeting with the landscaping consultant, presenting the hotel project and agreeing t…
Aug 22, 2026
Steel framing costs reviewed, Fire Department docs advanced, engineering plans refinedTwo productive weeks pushed La Monarca's design and permitting tracks forward simultaneously. On Aug 3, Bildteck and Block Construction met to analyze steel framing costs and identify potential suppli…
Aug 8, 2026
Financing meetings and engineering corrections advance hotel developmentThe week of July 27 saw steady momentum across financing, engineering, and design coordination for the La Monarca Hotel. On Tuesday, the team met in person with Banco Lafise at its San Carlos branch t…
Aug 1, 2026
Fire Department comments addressed as contractor and budget reviews advanceThe week of July 20 brought a concentrated push on two fronts: regulatory compliance and budget refinement. On Tuesday, the engineering team convened virtually to work through Fire Department comments…
Jul 18, 2026
Two active weeks advance design, budgeting, and FF&E supplier sourcingAcross two consecutive reporting weeks (Jun 29–Jul 3 and Jul 6–10), the La Monarca hotel team maintained steady momentum on design coordination, structural planning, and budget development. John Marsh…
Jun 27, 2026
Construction budgeting intensifies as two banks signal lending interestA dense week of supplier meetings and engineering reviews pushed the hotel's construction budget process forward on multiple fronts. On Monday, the team visited Bildteck to evaluate steel framing as a…
Jun 20, 2026
CFIA approves hotel at initial stage; residences funding unlocks Marriott processA milestone week on both sides of the project. The hotel received initial-stage approval from the CFIA and was submitted to the corresponding institutions — and by Friday the CFIA had also completed i…
Jun 6, 2026
Security planning takes center stage as engineering coordination continuesThe focus this week was security planning for the hotel. A weekly engineering meeting covered topography, lighting, security, and supplier sourcing — keeping multiple workstreams moving in parallel. S…
Apr 25, 2026
CFIA upload begins; multi-team coordination on plans and budgetA pivotal week on the hotel side. Tuesday brought a virtual meeting with Saballos architects on hotel finishes, followed by a working session with multi-disciplinary engineers reviewing plan progress …
Apr 18, 2026
Investor call on the hotel budget; routine cadence elsewhereThe week's flagship event was a Tuesday virtual meeting with investors to discuss the hotel budget. Surrounding days were administrative follow-up across hotel processes. The residences side recorded …
Apr 11, 2026
Design and budget coordination resume with Saballos, Marriott, and BlockHotel work picked back up after Holy Week, with two notable working sessions on Friday: a virtual meeting with the art curator, Saballos' interior design managers, and the Marriott representative to f…
Apr 4, 2026
Holy Week pauses the work; routine follow-up Monday through WednesdayA short week. Holy Week observance closed offices and the farm on Thursday and Friday across all three workstreams. Monday through Wednesday the hotel team handled routine email follow-up on administr…
Mar 28, 2026
Design review with Marriott; coffee plants under maintenanceThe week's hotel work centered on design and permitting. A virtual meeting with Adrián Saballos covered the hotel plans and the CFIA process, and on Wednesday Saballos' interior design team met virtua…
