Nicaragua: Beach Investment for $20 million

An announcement has been made that this year will see the start of construction of a hotel and condos on the Pacific coast in the municipality of Tola, Rivas department.

Monday, February 23, 2015

The project which will be developed in an area of ​​55 blocks in Sardinas Beach already has an environmental permit and was ready to continue with the process when the indigenous community of the area began a process against it. Backed by a court, Sociedad Flor de Mayo Nicaragua is now preparing to resume the project and start work.

Gerald Membreño Palacios, director of the investment company, told Elnuevodiario.com.ni that "... The project has given $16,000 in taxes to the mayoral office and now is just waiting for the surveying and marking out of 50 meters from the beach in order to start. Once investors have complied with this phase, they will begin with road infrastructure, water, electricity and housing. "

"... The project has had an environmental permit, from the Ministry of Environment and Natural Resources since 2009 and the only thing missing was permission from the community. "

Are you interested in construction projects in Central America?

Receive information about our monthly report including a complete list of all the major and most important construction projects seeking government authorization.

Request more information:








this site is protected by reCAPTCHA and Google's privacy policy and terms of service.
Need assistance? Contact us
(506) 4001-6423


More on this topic

Real Estate Investment in Nicaragua

March 2018

Construction has started in Tola of a mixed tourist complex estimated at $20 million which includes 12 houses, a four-story tower with 18 apartments and a commercial area.

Travis and Lucas Boychuk, promoters of the tourism project that will be located in Gavilán beach, reported that for the tourism development called "Surf Ranch Hotel & Resort-Emerald Coast Popoyo", they will be building condominiums, apartments, restaurants, an events center, commercial premises, swimming pools, a spa, casino, gym and other amenities.

Tourist Resort Planned in San Juan del Sur

August 2015

The plan is to invest $4 million in the first stage of a tourist complex of 22 blocks, including a residential area, a hotel, two club houses and a restaurant, 5 km from San Juan del Sur, in Nicaragua.

Southern Coastal Properties, founded with US capital, is the developer of the project and its president, Joshua Taylor, told Elnuevodiario.com.ni that "...

Panamanian Tourist Offensive Begins

January 2012

The government has launched an aggressive plan to promote investments in two areas of most interest to tourism: the former U.S. base in Sherman, in the Caribbean, and Amador, on the banks of the Canal on the Pacific side.

Authorities in Panama have set in motion an ambitious plan to attract investment in two areas of most interest to tourism: the old Sherman U.S.

$153 million Invested in New Tourism Projects

November 2011

Between January and October, the Tourism Authority of Panama (ATP) recorded a total of 33 new tourist developments.

Up to October, new projects submitted exceeded both in number and amount of investment to those recorded in 2010.

Of the new developments, 66% will be built in the Province of Panama, and the rest in the provinces of Chiriqui and Colon.

 close (x)

Receive more news about Infrastructure & Construction

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Tailor made software for construction companies

O4Bi is a system that allows to control and manage what a company needs: the complete process of development of works, accounts receivable, treasury, banks, sales and accounting.
O4Bi is a very robust system that allows to control and...

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Nov 24)
Brent Crude Oil
47.84
Coffee "C"
116.65
Gold
1,805
Silver
23.220