"Nicaragua is the safest place in Central America and there is great potential to develop the segments of city, sun and sand. We have a lot of ability to grow in those areas which already posses developed infrastructure such as airports and roads", said Sergio Arguello, an official from the Nicaraguan Chamber of Tourism (Canatur).

"A report by the Nicaraguan Chamber of Tourism, Canatur, said that in Nicaragua a square meter of land on the beach has a maximum cost of $18 in the North Pacific, $72 in Tola, one of the most booming areas, and $360 in San Juan del Sur, which has one of the most popular beaches in the Pacific", noted an article in Elnuevodiario.com.ni.

The "low cost of land" was one of the parameters that was taken into consideration by managers of the Hotel Wyndham Milagro del Mar when starting up operations in Nicaragua.

"The biggest factor is that the price of land is lower here, that's one of the benefits that of investing in the country. Secondly, comes the country's beauty and the hospitality of the Nicaraguan people", said Roger Keeling, President of the hotel's Board.

Source: elnuevodiario.com.ni

More on this topic

Price of Land in Nicaragua

September 2016

Reports of increases from $75 to $500 per square meter have been made in some areas south of Managua and values ​​up to $580 per square meter in the coastal department of Rivas.

The tourism boom seen in the areas in Rivas, followed by Leon and Granada are responsible for the increase in the value of the properties, some of which sometimes sell for $580 per square meter. "...In the case of Rivas the increases occurred between 1996 and 2007 when the construction of major tourism projects was announced."

Tax Benefits for Tourism SMEs in Nicaragua

April 2013

The reduction to $25,000 on the minimum amount of investment required to enjoy tax exemptions opens up opportunities in a rising tourism sector.

Previously, small and medium enterprises in Nicaragua had to invest a minimum of $50,000 in order to qualify for tax benefits, but from this year the minimum investment has been lowered to $25,000.

More Backing for Investment in the Nicaraguan Pacific

January 2013

The tourism developer Gran Pacifica is planning to complete the Gran Pacifica villa with 300 homes, hotels and condominiums, golf courses and parks, according to the master plan for investment.

Laprensa.com.ni reports that "Leveraging the signs of recovery shown in some of the world’s economies, which seem to have withstood the roughest stage of the global crisis, the tourism developer Gran Pacifica is expanding its growth targets toward agribusiness, energy generation and mining, without abandoning its goal of consolidating residential tourism. "

Nicaragua: Restart of Hotel Project Announced

November 2012

In light of a better investment climate, construction has resumed of the luxury oceanfront condominium project, after becoming stalled two years ago.

Milagro del Mar was designed to create an exclusive community within the Gran Pacífica, with 122 condominiums, 20 villas, swimming pools with waterfalls and a pool by the ocean, a gym, a restaurant and a convenience store.