Nicaragua and Grupo Barceló Reach Agreement

After a year of negotiations, the government of Nicaragua decided to drop its lawsuit against the Spanish consortium.

Monday, June 29, 2009


The government had sued the hotel group Barceló in an international court for noncompliance of a contract to purchase a resort on the Pacific coast. interviewed the prosecutor Hernán Estrada: “Nicaragua will form a partnership with the Spanish group as the majority partner in the tourist complex Montelimar Resort & Casino.”

More on this topic

Barceló seeks international arbitration in its dispute with Nicaragua

June 2008

The Spanish consortium Barceló, owner of Hotel Montelimar in Managua, wants to resolve its differences with the government through international arbitration.

The government, through its Justice Department, insists that Barceló owes three million dollars for commitments made in its privatization contract.

Agreement Between Barceló and Nicaragua to Build Airport

October 2012

A partnership has been formed between the Nicaraguan government and the Spanish group Barceló to build an international airport in the Montelimar resort, in San Rafael del Sur.

An article in reports that "The Government of Nicaragua and the Spanish hotel group Barceló have signed an agreement to build an international airport in the Montelimar resort, in the Pacific, officials said on Sunday.

Nicaragua demands that Grupo Barcelo returns ownership of Hotel Montelimar

June 2008

Nicaragua's Attorney-General's department advised that it has started a legal process to bring about the return of the Montelimar tourist complex, due to alleged non-fulfillment of the contract.

Attorney-General Hernán Estrada recently delivered the lawsuit to the third civil court of Managua.

Barceló insists that it owes Nicaragua nothing

June 2008

Executives from the Grupo Barceló repeated this Thursday that they owe nothing to the State of Nicaragua and refused to make further comments on the lawsuit presented by the government.

The company's legal reprentative, Tomás Delaney, told reporters that they have reviewed the lawsuit sent to the Washington-based International Center for Settlement of Differences Relative to Investments.

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