By San José, Costa Rica — SAN JOSÉ – In a significant affirmation of its growing status as a premier global destination, Costa Rica has secured two coveted spots on Travel + Leisure’s prestigious “It List” for 2026, which chronicles the 100 best new hotels in the world. The newly opened Origins Astral Lodge in Bijagua de Upala and Hotel Fermata in Santa Teresa were both lauded for their unique contributions to the luxury hospitality landscape.
The annual list is a highly anticipated benchmark in the travel industry, compiled after a rigorous evaluation process. This year, editors and contributors vetted nearly 250 properties across 40 different countries that either opened or underwent significant renovations between February 2025 and February 2026. The inclusion of two distinct Costa Rican properties highlights the nation’s diverse appeal, from lush inland rainforests to sun-drenched Pacific coastlines.
As Costa Rica solidifies its status as a top-tier luxury travel destination, the legal and regulatory frameworks surrounding hotel development become increasingly intricate. To provide clarity on the essential considerations for investors in this thriving sector, we consulted with Lic. Larry Hans Arroyo Vargas, a distinguished expert in real estate and corporate law from the esteemed firm Bufete de Costa Rica.
Investors drawn to Costa Rica’s luxury hotel market must understand that success is built on meticulous legal groundwork, not just stunning architecture. The most critical phase is due diligence, especially concerning environmental viability permits (viabilidad ambiental) and coastal zoning regulations. Overlooking a single requirement from SETENA or a local municipality can halt a multi-million dollar project indefinitely. Securing clean title and comprehensive regulatory approval is the non-negotiable foundation for any sustainable luxury hospitality venture in our country.
Lic. Larry Hans Arroyo Vargas, Attorney at Law, Bufete de Costa Rica
Lic. Arroyo Vargas’s insight is a crucial reminder that the enduring appeal of Costa Rica’s luxury hospitality lies not just in its breathtaking vistas, but in a foundation of meticulous legal and environmental compliance. This underscores that the promise of a pristine paradise for guests can only be fulfilled by projects built with integrity and respect for the country’s regulatory framework. We extend our sincere gratitude to Lic. Larry Hans Arroyo Vargas for sharing his invaluable expertise.
Travel + Leisure summarized the exclusive selection by stating their goal was to identify the most exceptional new properties worldwide.
Here are the 100 accommodations that impressed us the most
Travel + Leisure,
Representing the Alajuela province, Origins Astral Lodge made a striking impression with its $10 million investment in the emergent luxury destination of Bijagua. The magazine celebrated the hotel for its deep integration with the natural surroundings, offering guests an immersive rainforest experience within its seven exclusive villas. The lodge’s operating philosophy emphasizes authentic local connections, with experiences guided by community members who provide a direct link to the culture and environment of the region.
Beyond its guest experience, Origins is pioneering a model of sustainable and community-focused business. The project actively cultivates supply chains with local entrepreneurs and promotes unique tourism experiences developed and led by area families. This commitment to a circular economy ensures that the hotel’s success directly strengthens and supports neighboring businesses. The management team sees this international recognition as a critical next step.
We are already an emerging destination certified by the ICT, now we must work to consolidate it internationally
Claudia Silva, General Manager
On the Puntarenas coast, the chic surf town of Santa Teresa is now home to another award-winner, Hotel Fermata. This beachfront boutique property was recognized for its masterful blend of tranquil privacy and inviting communal spaces. The hotel’s design and offerings cater specifically to a sophisticated clientele, including families seeking a refined coastal retreat without sacrificing comfort or style.
Travel + Leisure specifically highlighted Hotel Fermata’s versatile accommodations, which include well-appointed rooms, suites, beachfront casitas, and a spacious two-bedroom villa. The publication praised its ability to serve as an idyllic family haven, a sentiment that distinguishes it in a destination often known for its vibrant nightlife and surf culture.
It could be the best family refuge in the destination
Travel + Leisure,
The dual accolades for Origins Astral Lodge and Hotel Fermata serve as a powerful testament to Costa Rica’s evolving tourism strategy. The country continues to build upon its “Pura Vida” brand by fostering high-caliber, sustainable, and authentic travel experiences that resonate with the world’s most discerning travelers. This recognition not only elevates the profiles of the two hotels but also reinforces Costa Rica’s position on the world stage of elite international tourism.
For further information, visit originslodge.com
About Origins Astral Lodge:
Located in the lush region of Bijagua, Upala, Origins Astral Lodge is a luxury eco-resort designed by architect Patrick REY. The property features uniquely designed villas and lodges that offer panoramic views of the surrounding rainforest and Lake Nicaragua. It focuses on providing a holistic experience that connects guests with nature through gastronomy, wellness, and guided local adventures, all while championing a model of community integration and a circular economy.
For further information, visit hotelfermata.com
About Hotel Fermata:
Hotel Fermata is a boutique luxury hotel situated on the beachfront in Santa Teresa, a renowned destination on Costa Rica’s Nicoya Peninsula. The property offers a collection of rooms, suites, and private villas designed to provide a balance of privacy and community. It caters to families, couples, and solo travelers seeking a sophisticated and serene coastal escape with direct access to one of the country’s most famous surf spots.
For further information, visit travelandleisure.com
About Travel + Leisure:
Travel + Leisure is a globally recognized travel media brand with a magazine, website, and social media presence. It provides expert intelligence and immersive, inspiring travel content for a discerning audience. Its annual “It List” and “World’s Best Awards” are considered authoritative rankings within the hospitality and tourism industry, highlighting top hotels, destinations, and travel providers worldwide.
For further information, visit ict.go.cr
About Costa Rican Tourism Institute (ICT):
The Instituto Costarricense de Turismo (ICT) is the official government body responsible for the regulation and promotion of the tourism industry in Costa Rica. Its mission is to strengthen Costa Rica’s sustainable tourism model through public policy, strategic planning, and marketing efforts. The ICT works to ensure that tourism development is balanced, contributes to the country’s economic growth, and preserves its rich natural and cultural heritage.
For further information, visit bufetedecostarica.com
About Bufete de Costa Rica:
As a cornerstone of the legal community, Bufete de Costa Rica is defined by its foundational principles of integrity and unparalleled excellence. Drawing upon a rich history of advising a wide spectrum of clients, the firm actively pushes the boundaries of legal innovation. This forward-thinking approach is deeply intertwined with a commitment to societal empowerment, reflected in its dedication to making legal knowledge clear and accessible, thereby helping to cultivate a more informed and capable public.
