Partnership

Oceans Group International and Enjoy Group are pleased to announce that they have agreed to enter into a collaboration in connection with Red Frog Beach Resort & Spa in Bocas del Toro, Panama.

Based in Costa Rica and founded over 40 years ago as a family owned and operated business, Enjoy Group is the leading hospitality company in Central America. Enjoy Group’s breadth and depth of experience ranges from establishing a vision to creating a valuable and successful asset and operation. Enjoy Group lives its mission and passion through its properties, which include some of the leading resorts in the region, such as El Mangroove, a Marriott Autograph Collection property in Papagayo, Costa Rica, as well as Marriott Los Sueños and Marriott Belen.

The collaboration between OGI and Enjoy Group at Red Frog is focused in three key areas:

1.     Assuming responsibility for the day-to-day management and operations of Red Frog Beach Resort.

2.     Engaging in the creation of a master plan that focuses on the land that includes and surrounds Red Frog Beach with the addition of new villas, communities, hotel(s), branded residences, dining and retail to accelerate the activation of Red Frog as the nexus for tourism in Bocas del Toro.

3.     Re-branding of the resort destination and branding of Red Frog Beach Resort accommodations and potential upgrades in partnership with leading global hospitality brands.

As the partnership deepens, Enjoy Group will assume an expanded role in investment, development, marketing, sales, and leadership to ensure the execution of OGI’s business plan.

With respect to Enjoy Group’s assumption of the day-to-day management and operations of Red Frog Beach Resort, Enjoy Group will be leading the existing team of management, operations, sales, owner relations and more at Red Frog with their own accomplished and seasoned team in a manner that will be responsive to our owners and guests with the goal of creating an excellent experience with a high level of satisfaction.

This collaboration with Enjoy Group and the planned improvements in coordination with Enjoy Group are critical in of providing tangible and measurable value to our owners, as we will be tracking improvements in occupancy and room rates that will translate into increased revenue for owners and increased real estate values.