Nicaragua demands that Grupo Barcelo returns ownership of Hotel Montelimar

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.

Friday, June 6, 2008

Attorney-General Hernán Estrada recently delivered the lawsuit to the third civil court of Managua. AFP confirmed that one of its sources says the precise date was not made public due to a gag order imposed by the hotel last May relatng to a debt linked to the contract.
The attorney-general "in his role as representative of the interests of the nation, began the civil process in the normal way and as a result of actions accumulated from the annulment of the sales contract" of Hotel Montelimar, the writ said.

More on this topic

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. 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.”

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.

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.

Spanish envoy worried by Nicaragua's Barceló embargo

June 2008

Spain's ambassador to Nicaragua, Antonio Pérez Hernández, voiced concern over the government's decision to impose a preventive embargo on the Spanish-owned hotel Barceló Playa Montelimar Resort & Casino.

The ambassador added, however, that he felt sure Barceló could prove to the authorities that it had done nothing wrong.

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