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.
A development company has started in Rivas the construction of a 1,800 square meter hotel with 24 rooms, two meeting rooms and other amenities.
Without disclosing the total amount of the investment, representatives of Gran Victoria S.A. stated that on February 1 construction started of a hotel that will be located in the center of the city of Rivas, which will have a swimming pool, restaurant and a basement.
$200 million is the figure by which investment in real estate development is estimated to increase between this year and next in the nicaraguan tourist city.
Estimates by the municipality of San Juan del Sur are based on the growth that real estate investment has experienced in this area since 2014. According to Deputy Mayor Randall Granja Fajardo, there are several projects underway and another five are awaiting approval.
In the past 12 months, 78 environmental impact studies were submitted to develop hotels, marinas, clubs and beach residences in Central American countries.
Data from the interactive platform "Construction in Central America", compiled by the Business Intelligence Unit at CentralAmericaData:
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.
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.