Hoteles Globales, owner of the Camino Real hotel, has announced the acquisition of the Hilton Princess Managua hotel.
The Spanish hotel chain did not disclose the amount of the transaction, but the general manager of the hotel Camino Real explained that the Hilton Princess will keep the same name, and that "...
The government is looking for Spanish hotel groups to invest in the country, offering them almost 100% tax exemptions for 10 years.
These benefits could be extended if the company invests, in the 10 year period, at least 35% of the original sum.
Nicaragua wants to enlarge its hospitality offering, currently 7.800 at hotel rooms, to compete with its neighbors. Costa Rica, for example, has 38,000.