Costa Rica’s Punta Cacique Welcomes Neal Herman as President
April 17 2024 - 10:14AM
Business Wire
The former President and COO of Las Catalinas
will lead the new luxury destination through its next phase of
development.
Revolution Places, the real estate and hospitality investment
arm of Revolution, LLC, today announced the appointment of Neal
Herman as President of Punta Cacique, a new luxury beach community
designed to embrace the Costa Rican landscape and culture
throughout its expanding collection of hotels, including the
country’s first Waldorf Astoria property, residences, and
amenities.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20240417897234/en/
Neal Herman, President of Punta Cacique
(Photo: Business Wire)
Herman brings more than two decades of luxury hospitality and
development experience, most recently serving as President and COO
of Las Catalinas, an award-winning luxury community designed as a
fully car-free resort just an hour south of Punta Cacique.
"I’m excited to join the Punta Cacique team during a pivotal
time in the peninsula’s evolution and get in on the ground floor of
what will be an unparalleled luxury destination in Costa Rica,"
said Herman. “I was drawn to Punta Cacique because of Steve Case’s
vision to create a development that is connected to the people,
culture, and land. We are experiencing an entrepreneurial
renaissance in Costa Rica, and Punta Cacique will be engaged with
local communities and the broader business ecosystem to help build
a stronger local economy.”
“Neal is a hospitality visionary and seasoned operator with a
deep reverence for Costa Rica’s ecology and culture,” said Steve
Case, Co-founder of AOL and Founder, Chairman, and CEO of
Revolution Places. “Growing up in Hawaii, I witnessed firsthand the
ability of tourism to educate and connect visitors to unique
cultural experiences beyond resort walls. Neal and I both believe
that today’s luxury travelers are even more eager for that type of
authenticity. We have waited years to develop this land because we
wanted to build the right plan and team. Neal is the ideal person
to lead that team, and we’re thrilled to have him on board.”
Herman has a proven track record of building premier locales
from blueprint to finished product. At Las Catalinas, he led
planning, design, entitlement, development, construction, and
operations. During his 10-year tenure, he oversaw the development
of 40,000 square meters of residential and commercial space. Before
joining Las Catalinas, Herman served in several executive roles at
the Four Seasons in Los Angeles, New York, Miami, and Costa
Rica.
Punta Cacique consists of more than 600 acres with panoramic
views of the ocean and dramatic coastline beaches and cliffs – all
just 25 minutes from the Guanacaste International (LIR) Airport and
10 minutes from the coastal villages of Playa Hermosa and Playas
del Coco. Punta Cacique will be anchored by multiple luxury hotels,
with additional branded residential units and a vast array of
world-class amenities, including planned beach clubs,
state-of-the-art recreational facilities, and culinary experiences.
Currently in development, Waldorf Astoria Costa Rica Punta Cacique
is slated to open in late 2024. For more on the Cacique peninsula
and its partners, visit www.punta-cacique.com.
About Revolution Places:
Revolution Places invests in unique real estate and hospitality
opportunities that promote new models for travel and tourism based
on healthy lifestyles, sustainable luxury, and appreciation for the
natural environment. Revolution Places is part of Revolution LLC, a
D.C.-based investment firm led by AOL Co-founder, Steve Case. Learn
more at https://revolution.com/entity/places/.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240417897234/en/
Revolution Places Media Contact: Tracy Van Grack
Tracy.VanGrack@revolution.com 516.524.6124