New Tourism Investments in Nicaragua

With an investment of about $20 million the Institute of Tourism has announced the construction of two marinas in the Caribbean and a hotel in Leon.

Thursday, October 27, 2011

The investments are of Italian and Spanish origin, explained the head of the Nicaraguan Institute of Tourism (Intur), Mario Salinas.

With an initial investment of about $15 million, one of the marinas will be built in Bluefields Bay and the other on Corn Island, in the south Caribbean, said Juan Manuel Muñoz, manager in charge of the proposed marinas. Construction work is scheduled to start in late December.

The "luxury" hotel to be built in Poneloya, Leon, will feature 54 rooms, a swimming pool and conference room, reported the Honorary Consul General of Nicaragua in Florence, the Italian Gabrielli Moreno.

"According to Salinas, with the aforementioned investments and promotion strategies encouraging the private sector, tourist flows will increase next year by between 9 and 10%. This year, Salinas said that they will more than meet their goals", reported Elnuevodiario.com.ni.



More on this topic

Nicaragua: $32 million for the Hotel Industry

October 2014

Between January and September, the Nicaraguan Tourism Board approved eleven new hotel investment projects that will add 248 new rooms to the market.

The Nicaraguan Institute of Tourism (Intur) reported that the approved investment amounts to $32 million for hotels in various municipalities, including the Caribbean zone.

Tourism Projects in El Salvador

February 2012

In order to attract the attention of investors, entrepreneurs have created a portfolio of six major projects for tourism development.

The Association of Coastal Marine Tourist Developers (Promar in Spanish), led by renowned Salvadoran entrepreneurs, recently presented the Government with an ambitious portfolio of six mega resorts with high potential to attract investment to the country, to be run in the next 14 years, and which is valued at $2 billion.

Spanish Investment in Nicaraguan Marinas

June 2011

Authorities from the Nicaraguan Institute of Tourism have announced the construction of two marinas in the south of the country's Caribbean coast.

Spanish businessmen, with an estimated investment for the first stage of about $15 million, plan to build two marinas, one located in Corm Island with a 40 yacht capacity and another in Bluefields for 150 yachts.

$33 Million for the Nicaraguan Touristic Sector

February 2009

Foreign and local business executives will invest such amount in the construction and renovation of hotels and other tourist projects, reported Intur.

Terra.com reports: "One of the projects is the expansion of the hotel Pacific Turtle Resort & Spa, located in the seaside resort of San Juan del Sur in the Nicaraguan Pacific, where the investment will be $17 million.

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