Agreement Between Barceló and Nicaragua to Build Airport

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.

Friday, October 5, 2012

An article in Laprensa.com.ni 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. The agreement, which creates a joint partnership between the two parties was signed in a private ceremony in Managua by Nicaragua's Attorney General Hernan Estrada, and the group's director for Barceló Central and South America, Juan José Ribas. "

The State of Nicaragua will have control of the joint venture, as it would hold a 75% stake, with the Barceló group owning the remaining 25%.

The Spanish hotel chain Barceló has two establishments in Nicaragua, a luxury hotel located in the south of the capital, and the other the Barcelo Montelimar Beach Resort & Casino, a resort located on the Pacific coast of Nicaragua, 65 miles south Managua. The latter will directly benefit the construction of the proposed international airport, because tourists will arrive not only from within the country but also directly from other Central American countries, including Costa Rica, El Salvador, Guatemala and Panama.

More on this topic

Airport on Ometepe Island in Lake Nicaragua

June 2011

The $7 million airport will have a runway of 1500 meters, and will serve aircraft carrying up to 42 passengers.

The manager of the International Airports Administration Company (EAAI, by its Spanish initials), Orlando Castillo, added that environmental impact studies have already been carried out. The new airport will be built on the site where a tobacco company previously operated.

Nicaragua: New International Airport in Montelimar

May 2010

The Government announced an agreement with “Grupo Barceló” to build an international airport, plus additional Spanish investment in tourism.

Bayardo Arce, Nicaraguan Presidential advisor, announced several agreements with Spanish companies and with the Spanish Chamber of Commerce.

Nicaragua and Grupo Barceló Reach Agreement

June 2009

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

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.

Prensa.com 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.”

Spain's Barceló plans three more hotels for Central America

May 2008

Spain's Barceló hotels group announced plans to build three more hotels in Central America.

Speaking in Managua, Juan José Ribas, the chain's regional director, said one of the new hotels would be built in the Nicaraguan capital and another in Panama. He did not say where the third would be built.

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