MANAGUA, Nicaragua, July 24, 2012 /PRNewswire-iReach/ -- Seaside Mariana is seeking interest from qualified investors or lenders to provide $25,000,000 to $30,000,000 to commence development of the initial infrastructure, Nicklaus Design Golf Course and Wyndham Mariana Resort.
Smart companies have taken notice, and have sought out the best opportunities in the country. Companies like Nicklaus Design and Wyndham Hotels & Resorts have selected Seaside Mariana as their location of choice in the Nicaragua. Grupo Mariana is adamant that the project will have a positive impact on the country and its people. One of Nicaragua's greatest assets is its people, who are warm and welcoming, and intensely passionate about their country. We are committed to making certain that Seaside Mariana and our other projects fully support the local communities and their citizens.
Tourism Gains Demonstrate Nicaragua's Growing Appeal
The positive image and perception of Nicaragua continues to increase around the world, as evidenced by the continuing rise in tourism. In fact, the number of foreign visitors to Nicaragua topped one million in 2011, which establishes a new benchmark for the country's visitation efforts. This number also represents more than an eight percent increase over 2010.
This progress comes as no surprise to us here at Grupo Mariana where we are actively engaged in promoting Nicaragua at every opportunity. We would like to feel that our projects and the ongoing efforts we are making to increase the visibility and understanding of the country are supporting and contributing to this growth in tourism. Nicaragua remains a secret to many, but the focus of the world is gradually increasing as witnessed by this rise in visitors and increasing international investment. And, quite frankly, there's no doubt that the popularity of television's "Survivor: Nicaragua" has exposed many people to the beauty and diversity of the country.
One of the things we often encounter as we travel and promote activity in Nicaragua is the outdated perceptions that remain. It is a case where the country's past, now more than two decades removed, continues to color its awareness and, in particular, how Nicaragua is perceived as a place to visit and invest. Certainly, we believe without doubt that Nicaragua is now beginning to command the positive attention it deserves, which will help more and more people understand the opportunities and promise here.
Bright Real Estate Opportunities
For those of us already committed to Nicaragua and its future—or considering the country as a place to visit, retire or invest—the increase in tourism is a significant sign that the future here is bright. However, it also means that it's an ideal time to do your research and make an investment decision since the more visibility received translates into more people seeking opportunities. This is not unlike Costa Rica when it was "discovered" by outsiders over 20 years ago, which resulted in a boom of real estate investment that paid huge dividends to those with the vision and courage to push ahead.
That's why you'll often hear us say that if you missed your chance in Costa Rica, you should act now inNicaragua
where the outlook is extremely bright. The country is politically stable, the economy is growing steadily, and there is a welcoming attitude among the people and government.
Seaside Mariana Oceanfront Community
After five years of planning, the ground breaking Seaside Mariana Oceanfront Community is moving forward under an evolving vision that recognizes the profound changes in the world's real estate markets and also the changing interests of individuals seeking an international lifestyle. Seaside Mariana now is planned around six individual neighborhoods set on 923 acres with over one mile of pristine Pacific Ocean beach. The master plan for Seaside Mariana integrates a broader selection of residential options to widen the overall appeal. The community now includes low-rise beachfront condominiums and private bungalows in addition to the individual golf course home sites and golf villas featured in the original plan.
Our properties in Nicaragua have fee simple, freehold titles and can be transferred without restrictions. You can easily obtain title insurance on your own property through such highly regarded firms as First American Title Insurance Company and Stewart Title Latin America. In Nicaragua, bank financing is available through local and regional banks at prevailing rates. Still an integral part of Seaside Mariana is theNicklaus Design Golf Course
, and Plumeria, a spa and health club. Future plans for growth of the Seaside Mariana Oceanfront Community also include a recently announced franchise agreement with Wyndham Hotels and Resorts, LLC, a subsidiary of Wyndham Worldwide Corporation (NYSE: WYN), to flag the development and operation of the 330-roomWyndham Mariana Resort
within the community's town center situated on 6 beachfront acres, the project will feature an oceanfront Wyndham hotel, casino, condominiums, casitas and golf villas.
Another aspect we are very proud of is our commitment to reinvest five percent of each real estate transaction at Seaside Mariana back into the economic development of the surrounding area though our 5% for Futures Program. It's a win-win to help drive economic growth and sustainability, which enhances the lives of local citizens and makes the entire area more attractive to investors and visitors.
Overall, this is an excellent opportunity to invest with a leading development team in one of the fastest growing, stable and thriving markets within Latin America. Wyndham Mariana Resort luxury branded residences, coupled with its irreplaceable beachfront location in Nicaragua, will enable the project to capture strong absorption and generate opportunistic investment returns.
Seaside Mariana has prepared a comprehensive array of due diligence data, which will be made available upon qualification. To learn more, register here to receive our Information Memorandum.Media Contact:
Kevin Fleming Grupo Mariana, 786-245-6535, email@example.com
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SOURCE Grupo Mariana