Located on Nicaragua’s Pacific Coast, Seaside Mariana is situated on 923 acres with over one mile of beachfront, and features, condominiums, golf & oceanfront villas, casitas, home sites, equestrian center, town center and Nicaragua’s first Jack Nicklaus Signature Golf Course. With the crucial infrastructure phase at Seaside Mariana already in motion, the addition of the Wyndham Hotels & Resorts provides multiple avenues for putting further capital into the exciting Central American property market. The prospects for this strategic alliance are bright, as both sides will bring their core competencies to bear on this signature development project.
About Wyndham Hotels and Resorts
Wyndham Hotels and Resorts, LLC and its affiliates offer upscale hotel and resort accommodations throughout the United States, Europe, Canada, Mexico, China and the Caribbean. All Wyndham hotels are either franchised or managed by the company or managed through a joint-venture partner. Additional information and reservations for all Wyndham hotels are available by calling (800) WYNDHAM -- (800) 996-3426 -- or visiting www.wyndham.com.
About Wyndham Hotel Group
Wyndham Hotel Group encompasses nearly 7,100 hotels and 593,300 rooms in 65 countries under the hotel brands: Wyndham Hotels and Resorts®, Wingate® by Wyndham, Hawthorn Suites® by Wyndham, Ramada®, Days Inn®, Super 8®, Baymont Inn & Suites®, Microtel Inns & Suites®, Howard Johnson®, Travelodge® and Knights Inn®.
All hotels are independently owned and operated excluding certain Wyndham and international Ramada hotels which are managed by an affiliate or through a joint venture partner. Wyndham Hotel Group is based in Parsippany, N.J. Additional information is available at www.wyndhamworldwide.com.
About Wyndham Worldwide
As one of the world’s largest hospitality companies, Wyndham Worldwide offers individual consumers and business-to-business customers a broad suite of hospitality products and services across various accommodation alternatives and price ranges through its premier portfolio of world-renowned brands. Wyndham Hotel Group encompasses nearly 7,100 franchised hotels and approximately 593,300 hotel rooms worldwide. Wyndham Exchange & Rentals offers leisure travelers, including its 3.8 million members, access to over 65,000 vacation properties located in approximately 100 countries. Wyndham Vacation Ownership develops, markets and sells vacation ownership interests and provides consumer financing to owners through its network of over 155 vacation ownership resorts serving over 820,000 owners throughout North America, the Caribbean and the South Pacific. Wyndham Worldwide, headquartered in Parsippany, N.J., employs approximately 25,000 employees globally.
Grupo Mariana
For Grupo Mariana, the involvement of Wyndham Hotels & Resorts is further proof of its stated desire to showcase Nicaragua and position it as an evolving economic market that offers significant opportunities for investment, tourism and leisure. The country is already experiencing increasing international investment and an upward trend in tourism. “We are very excited about the infusion of expertise, influence and international visibility which the Wyndham Hotels & Resorts alliance provides us,” stated Grupo Mariana chairman Kevin Fleming. “This relationship enables our group to focus on its primary objective of creating world-class, luxury developments in Nicaragua. This will inevitably create a boost in momentum that will get us through the development phases quicker and result in even better results for our investors.” According to Fleming, more and more people are learning about the “New Nicaragua,” a country with amazing natural beauty and growing economic vitality. The alliance between Grupo Mariana and Wyndham Hotels & Resorts, he noted, will certainly help overcome the lingering misperceptions and demonstrate that this is a promising place to visit, live, work and invest in Nicaragua.
Wyndham Hotes & Resorts Chose Seaside Mariana for a Reason
Over four years of careful planning has gone into establishing Seaside Mariana as the premier oceanside development in Nicaragua. Every element has been carefully considered to make certain this is a special place that meets and exceeds the desires of everyone who chooses to invest, vacation or retire here. More than just a resort, Seaside Mariana will be a dynamic part of the surrounding community, with a commitment to support and invest in the growth and economic development of nearby towns.
Come and see for yourself why Wyndham Hotels & Resorts Wants to be Part of this Special Place.
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Seaside Mariana in a master-planned community spread over 923 acres on 2.0 kilometers of pristine Pacific beachfront an hour’s drive from the country’s capital city and international airport in Managua. The site ranges in elevation from 18 ft above sea level to 800 ft providing views of the Pacific Ocean and the surrounding San Rafael Del Sur area and Sierra Mountain Range. Seaside Mariana offers investors a selection of residential options, including beachfront and ocean view condominiums, golf and ocean front home site and beachfront bungalows. Construction will has commenced with an anticipated completion of phase one in the fall of 2013.
Owners and visitors will enjoy a range of outstanding amenities, the centre piece being the 300+ Wyndham Mariana Resort, a Jack Nicklaus Signature Golf Course designed by the legendary golfer himself, a state-of-the art spa and fitness centre, equestrian centre, beach club, town centre with shopping and entertainment, boutique 5 star hotels and a cultural museum built around an active archaeological dig. Adding to the sense of security there is an on-site medical facility with an on-call physician and helicopter service.
Elements of the country’s old world architecture are blended with the modern to give Seaside Mariana a patina of graceful aging, establishing an authentic sense of place that honors the country and its people. From its grand entry to each individual residence, materials and textures are indigenous in look and feel, with finishes and colors that are harmonious with the natural setting.
Beachfront condominiums and Laya Hotel Bungalows prices will start at US$99,000, which is approximately 30%-50% lower than holiday home communities in neighboring Costa Rica, providing a competitive investment option. The potential to earn high rental yields from a property on the development is good as Seaside Mariana will provide much needed accommodation for the country’s burgeoning number of tourists, which largely come from the United States and Canada. The country currently receives more than 800,000 visitors annually and this is predicted to increase steadily at 25% pa, which will mean by 2015 there will be a hotel room deficit of approximately 5,000 units.
To learn more about our real estate offering, click here.
MARIANA REGION IN NICARAGUA ATTRACTS CONTINUED INTEREST AND GLOBAL INVESTMENT DESPITE CHALLENGING ECONOMY
Seaside Mariana has grown beyond its original vision as a luxury resort into a true Oceanfront Community in itself. The rich and varied topography of Seaside lends itself to the creation of completely unique neighborhoods within the larger surrounding communities. Seaside Mariana is fortunate to occupy one of the best beaches in the country, yet is only an hour away from the capital of Managua and the international airport.
Pre-Construction Development
The developers at Seaside Mariana subscribe to the philosophy, “Speed is The Best Companion to Opportunity.” Meticulous attention to detail, coupled with prompt and decisive action is a hallmark of Grupo Mariana’s development style. At Seaside Mariana it’s a given that speed compliments, rather than compromises, quality. Seaside Mariana has developed a master plan for the Property, acquired projected cost estimates, obtained a preliminary design, routing with center line markings and grading plans of the golf course from the Nicklaus Design organization, completed construction plans with a budget for the costs of the development of Phase I infrastructure, construction and permitted. Development of the Property requires issuance of a variety of permits and approvals from various governments. Many of these permits and approvals have been obtained, including the approval of the Major Use of Land Permit from INETER, department of Managua, Nicaragua establishing good conditions for construction on the land and no faults lines or risk to development. In addition, development permits have been obtained from the two local municipalities, as have the required water and cultural permits. Seaside Mariana has been issued a complete master policy of title insurance from First American Title Insurance and a second carrier, Stewart Title Guarantee, as of February 2008. The first phase of a two phase process submitting for environmental permits to the department of MARENA was completed in July 2007. The final environmental permit is anticipated in January 2012 following the completion of the civil engineering plans in September 2011. The development and site plan construction permit is anticipated in November 2011. The anticipated date of commencement of construction of infrastructure is November 2012. As of 2007, a well has been drilled 200 feet and water located. The results of the drilling have proven the well has an ability to deliver up to and over 33 gallons of water per minute. A second well was completed in September 2007; with results of the drilling indicating the well has an ability to deliver up to 270 gallons of water per minute. Two more wells were drilled in the first and second quarters of 2008, each delivering an additional 250 gallons of water per minute. The individual land lot surveys (380) were completed in March 2008 and registered in the public registry of Managua and Carazo with a registered Catastral Survey Map and reference number along with the Horizontal Property Regime (HPR) submitted to the public registries of two municipalities in August 2009. In February 2010, all land lots within the HPR are registered in the municipalities of Managua & Carazo, ready for the transferring of individual titles and are approved for sale. A Nicaragua Corporation has been formed for the mutual benefit of property owners and Developer. Seaside Mariana Property Owner Association S.A. has been formed and serves as the property owners association for the Development (the “POA”). Existing property owners are members of the POA. Seaside Mariana is the first resort in Nicaragua to file the extensive documentation required for the Security and Exchange Commission (SEC), pending registration with Housing and Urban Development (HUD), and the comprehensive Canadian Disclosure process. Additionally, the Nicaragua Ministry of Tourism and the offices of PRO Nicaragua and the President of Nicaragua has signified his support for the project in letters to the Developer. Earl Swensson and Associated from Nashville, Tennessee and Tino Mendietta from Nicaragua are currently designing the condominium and bungalow units and civil design is contracted with Castaneda Engineers of El Salvador and other independent engineers in Managua, Nicaragua. Pre-construction already has begun with land clearing and extensive site staking of all roads and home sites in Phase 1. Civil engineering plans are underway for communication, three-phase power, potable water and roads. Trees have been cleared for the upcoming roadwork. The construction of the golf course is underway with routing, center lines, soil tests, water tests and grading plans complete. Planning of the Wyndham site, which will be in the center of the project, is ahead of schedule with the land plan complete and defining the construction phasing strategy. The environmental permit was issued by INEFOR, and the coastal highway relocations were approved by the Ministry of Transportation and the Attorney General’s office, bringing Seaside Mariana even closer to fruition. Also of note, the the creation of a rental program to be managed by Kemper Sports Management, the third largest US-based golf and hospitality Management Company. This program will enable owners to earn a return on their investments when not on site. Seaside Mariana also has finished an 18-month process to complete the registration of the Home Owners Association on all 923 acres, with all covenants and restrictions. Investors have embraced the project, as witnessed by the fact that over 250 home sites have been sold. A political risk insurance policy is pending from AON Insurance Company for Seaside Mariana, which is the first such policy of real estate to be issued in the country. This provides investors with another layer of security for their investment. An on-site real time camera is being set up at Seaside Mariana so investors can watch the progress and see firsthand the fruits of their investment.
Setting the Stage for Great Things
In the last year alone, a time period in which many projects have gone into hibernation or out of business, an extraordinary amount of progress has occurred at Grupo Mariana. The momentum and excitement that has been generated about Seaside Mariana is palpable. The year 2011 saw favorable receptions in markets in the United States, Canada—with successful visits to over 25 cities across North America. The press has taken notice of the progress at Seaside Mariana and articles have been featured in The New York Times, The Nica Times, The International Herald Tribune and International Property Journal. Grupo Mariana believes in delivering the best of the best to the owners and investors—and doing so in a timely fashion. Seaside Mariana is moving forward with precision and velocity. Rigorous follow through and attention to detail ensures a successful future for Seaside Mariana, its investors and property owners.
We invite you to have a look. You’ll love what you see. Please consider joining us for our Discovery Event being held regularly in Nicaragua.
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Seaside Mariana Oceanfront Community recently received approval to become a Signature Certified Member of Audubon International. Audubon International is a nonprofit environmental education organization that fosters more sustainable communities. Audubon International provides the education and assistance needed in order to facilitate the practice of responsible management of water, land, wildlife and other natural resources. According to Audubon International, “We envision a world where people from all walks of life demonstrate commitment to responsible stewardship of our environment. We look forward to global and local landscapes that sustain biological diversity, as well as the intricate ecosystem relationships essential to sustain this diversity. Central to this environmental vision are thriving human communities rooted in ecological integrity, economic security, and social and cultural integration.”
Audubon International is proud to foster more sustainable land development through the Audubon Signature Program, which was launched fifteen years ago. The Audubon Signature Program is a third-party education and certification program. Through this groundbreaking program, tens of thousands of acres of habitat have been created and protected, millions of gallons of water have been conserved, and thousands of threatened and endangered species have been helped. In 1993 The Audubon Signature Program was launched as a way to provide assistance and advice for more sustainable land development. Through the program, countless people have been educated on what it takes to design, build, and manage ecologically rich, economically sound, and socially responsible human developments. Audubon International staff assists the development team through the design, construction, and long-term management of projects. Currently, there are 87 places around the world that have earned the designation of Certification Audubon Signature Sanctuary, comprising an impressive 100,000 acres of land. Seaside Mariana is proud to be a part of this worthy endeavor.
The Audubon Signature Program consists of three levels: Bronze, Silver and Gold. Gold members make use of Audubon Environmental, Inc., whereby they are hand-selected by Audubon International. Vetting consultants are available to assist projects in earning Bronze, Silver, or Gold Signature certification. Seaside Mariana Spa & Golf Resort is taking the appropriate steps and is firmly on track to earn Gold Certification. Some of the important areas identified by Audubon International are Biological Diversity, Sustainable Resource Management, Habitat Sensitivity, Greenspace and Corridors Management, Building Design and Energy Efficiency and Renewable Energy Sources. Audubon conducts site specific assessments to ensure programs are meeting the criteria that has been set forth.
Biological Diversity is defined as the diversity of life that is key to the ultimate health and survival of human as a species and the environment as a whole. In order to preserve biological diversity, the conservation of natural resources is imperative.
Sustainable Resource Management seeks to ensure that our actions in the present enhance rather than diminish the quality of life for future generations. The core concept of sustainable resource management is the conservation of natural resources and the healthy functioning of ecosystems, which sustain life on the planet. Principles include striving to use resources that are most easily renewed and striving to eliminate or reduce the use of resources that are difficult or impossible to renew. It also involves identifying new resources and technologies that enhance our current resource base in ways that conserve wildlife species, water and the ecosystem as a whole.
Habitat Sensitivity entails providing attention and care to the wildlife habitats in the region under consideration. Habitat sensitivity includes not disturbing wildlife populations or degrading their food sources or water sources. It also involves ensuring no threat to wildlife through increased air or water pollution and the maintenance of corridors and green spaces that allow for movement of animals in their natural habitat areas.
Green space and Corridor Management is identifying and preserving the green and natural spaces that allow for the free movement of wildlife in and through an area. Green space and corridor management is the preservation of urban parks, forested zones, native grassland areas and rivers and streams that are crucial to sustainability. It also includes providing access to designated green spaces for educational and recreational purposes.
Building Design is another important aspect of sustainability. Proper building design takes into consideration all areas of construction and building such as, incorporation of energy efficient designs, appliances, lighting, heating and cooling, ventilation, building materials and water use. It also involves using building materials that will not become hazardous waste or impossible to dispose of as well as using native and naturalized plants when possible.
Energy Efficiency and Renewable Energy Sources includes minimizing energy consumption through conservation and use of energy efficient technologies. The emphasis is on the declining use and eventual elimination of fossil fuels like oil, coal and nuclear power and emphasizing the use of cleaner burning non-fossil fuel alternatives. Focusing on the use of solar power, wind power and geothermal power, wave and tide generated power and hydroelectric power is essential.
Seaside Mariana is proud to be a part of the effort to conserve biological diversity, sustainable resources, habitat sensitivity, green space and corridors and to promote energy efficiency and renewable energy sources. Seaside Mariana plans to identify the geographic and topographic features that are unique to Grupo Mariana communities in order to preserve the ecological and biological resources found within. Seaside Mariana also plans to identify areas of archeological, historic or cultural significance within their developments in order to preserve and protect them.
Go here to follow our progress at Seaside Mariana Oceanfront Community.
The signs are more promising than ever that the economic tide is beginning to turn, and more people are looking for and taking advantage of the promising opportunities in the market.
The very warm reception given the recent offering of beachfront condos and Laya Boutique bungalows in the Mariana del Norte neighborhood of Seaside Marianacertainly indicates a positive trend here in Nicaragua.
CONDOS, BUNGALOWS STILL AWAIT NEW OWNERS
As a result, only a few select Beachfront Condos remain in phase 1, including just 1 studio (still under $100,000 USD) and 1 single two-bedroom penthouse with soaring 20-foot ceilings and 2Laya Hotel Bungalows are still available for $129,800 USD. Keep in mind these are fully furnished condominiums available in studio, one- and two-bedroom units, ranging in size from 505 to 1,160 square feet. The condos each have a large balcony facing the ocean and are set in two four-story buildings just steps from the beach. Each building also has a private pool for its residents. The eco-conscious, thatch-roofed beachfront bungalows, stretched along the beach and the Jack Nicklaus Signature Golf Course, are completely furnished and feature a water-themed décor. The bungalows will be adjacent to the Laya Boutique Hotel, which is designed to offer visitors an “off the beaten path” destination with a beachfront pool, spa services and palapa-style restaurant.
PLEASE ACT QUICKLY SINCE THE SELECTION IS LIMITED
The world is quickly discovering that Nicaragua is an emerging, exciting place that combines natural beauty, friendly people, economic growth, political stability and a wonderful quality of life. International Living Magazine, a leading source on great places to live, puts it directly:
"The Pacific Coast of Nicaragua is one of the most dramatic, stunning and awesome stretches on earth...We believe this 40-mile stretch of coastline is primed to explode onto the world stage... and that if history is any guide, real estate prices could skyrocket."
Nicaragua ranked as the World's #1 Affordable Retirement Haven for 2011 by U.S. News & World Report: "Nicaragua is more attractive than ever...Here's where you should be looking to realize the adventure-filled retirement of your dreams"
Quite simply, the time to act is now if you’re seeking a lucrative investment opportunity, a tropical lifestyle and peaceful haven.
DON'T TAKE OUR WORD FOR IT - COME FOR A VISIT
Now you have the perfect opportunity to come and explore Nicaragua, learn about the opportunities to live and invest here, and have your questions answered by leading experts. You’ll discover how easy and secure it is to purchase real estate here, and how to both enjoy and capitalize on your investment. You’ll also meet people who already have invested in Nicaragua.
The atmosphere is relaxed and fun, and you’ll leave with an appreciation for the natural beauty, culture, history and charm of this place we call the New Nicaragua.
We’ll be happy to tell you more and help you find your place in the sun.
Click here to learn more.
Grupo Mariana, an established leader in Real Estate Development on Nicaragua’s blossoming Pacific Coast, has announced the establishment of a new hospitality component under the Grupo Mariana Brand umbrella. Laya Boutique Hotel and Bungalows is a completely unique hospitality offering in the country of Nicaragua. A relaxed, eco-conscious hideaway for those looking for a private beachfront experience, Laya offers 14 beachfront bungalows stretched along the Pacific Ocean and Seaside Mariana’s Jack Nicklaus Signature Golf course. With thatched roofs and expansive ocean views, Laya’s Bungalows feature unique appointments and water-themed décor, wrapped in relaxed, beachfront style. Laya, which means “liquid” in Nicaragua’s native Miskito language, offers travelers and couples a private, “off the beaten path” spa destination to enjoy an authentic oceanfront experience dedicated to achieving peace and tranquility. Private massage and bodywork services are available from Grupo Mariana’s Plumeria Spa to help visitors unwind. A beachfront pool and palapa-style restaurant offer refreshments and daily meals.
Laya’s first location is within the Mariana del Norte neighborhood of the Seaside Mariana Community. A second location is also planned on Nicaragua’s Pacific Coast at Isla Mariana Beachfront Retreat.
Laya Boutique Hotel and Bungalows construction will begin in June of 2012, with completion, including food service in June of 2013. The Bungalows at Laya are currently available for sale for interested investors.
5% of sales at Laya will be donated to the 5% For Futures Fund governed by Fundación Grupo Mariana and will be reinvested in infrastructure improvements in the neighboring town of Masachapa. The goal of the 5% for Futures Program is to help drive the economic growth and sustainability of the greater Mariana Region, creating an attractive area for the sustained growth of tourism activities.
Go here to learn more about Laya Hotel & Bungalows at Seaside Mariana Oceanfront Community.
NEW VISION FOR NICARAGUA'S SEASIDE MARIANA REFLECTS CHANGING MARKET CONDITIONS AND CONSUMER DEMAND
After four 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.
Grupo Mariana, the Nicaragua-based organization developing Seaside Mariana, has effectively revamped its strategy to reposition its real estate products, hospitality offerings and community alliances in order to meet and serve the needs and desires of investors and travelers. “We have carefully watched the market situation and listened to what’s being said,” says Kevin Fleming, chairman of Grupo Mariana. “As a result, we have carefully rethought and reconfigured our master plan to reflect market realities and the shifting interests of consumers.”
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, town homes and private bungalows in addition to the individual golf course home sites and golf villas featured in the original plan. Still an integral part of Seaside Mariana is a Jack Nicklaus Signature Golf Course, El Madroño, 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-room Wyndham Mariana Resort & Casino 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.
TRULY AFFORDABLE REAL ESTATE OPPORTUNITIES
One new component, Laya Boutique Hotel and Bungalows, is an eco-conscious offering with 14 beachfront bungalows, with construction slated to begin in the first quarter of 2012. Pricing is another area that Grupo Mariana has seriously examined in order to reflect the current market. As a result, prices for condos in first low-rise building in the first phase of the Mariana del Norte neighborhood are set between $99,000 and $260,000.
5% FOR FUTURES PROGRAM
“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,” Fleming says of Grupo Mariana’s 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.”
Nicaragua continues to gain recognition for its emerging economy, political stability and attractiveness to visitors, with tourism increasing over 300 percent over the last decade. International investment also continues to rise. These factors have enhanced the country’s status among investors and travelers.
Go here to learn more about real estate opportunities with Seaside Mariana Oceanfront Community.
One of the realizations that came from the economic issues of recent months is the recognition of just how connected we all are, that “global” is indeed a term that encompasses the world’s economies and all of its citizens. We all are part of one interconnected, interdependent community.
Based on that awareness and in reaction to developments in the markets, we found our vision evolving at Grupo Mariana. The cornerstone of Grupo Mariana’s vision remains investing in Nicaragua’s rich natural assets to provide investment opportunities, but also having a positive and meaningful impact on local communities. This vision has shifted our core business activities to incorporate social reinvestment as a fundamental component of our mission.
MORE THAN RESORT PROPERTY
While Grupo Mariana’s focus in the past primarily was the development of resort property for sale, the focus has since evolved to encompass the creation of communities in the largest sense of the word. By this we mean that Grupo Mariana will continue its individual development activities, such as at Seaside Mariana, but with the grander objective of incorporating the building of the community into the economy and life of the surrounding areas and their citizens. We will be a part of the overall community rather than a freestanding presence separated from the world around us.
We have laid the groundwork to achieve these business and philanthropic initiatives primarily through the establishment of the “5% For Futures” program that is governed by Fundación Grupo Mariana. The goal of this program is to help drive the economic growth and sustainability of the region, thus helping create an attractive area that will foster the sustained growth of tourism activities and economic activity while offering investors attractive lifestyle choices and return on investment.
This means that Seaside Mariana, for example, is moving forward as a resort community with a revised master plan now centered on six individual neighborhoods that offer low-rise condominiums, town homes and private bungalows, home sites and golf villas. The addition of a Wyndham Nicaragua Resort and the new Laya Boutique Hotel further broaden the appeal. And, of course, there is the beautiful beach, spa and fitness club, and Jack Nicklaus Signature Golf Course. Underlying all of this is a new spirit of community that makes Seaside Mariana the ideal place in Nicaragua to vacation, invest or experience international living.
With this new blog, we plan to keep you abreast of developments at Grupo Mariana as well as introducing you to the beauty, culture and stability of Nicaragua that make it one of the world’s best places to live and invest. You’ll also learn about the outstanding opportunities awaiting investors with vision.
Go here to learn more about Grupo Mariana and real estate opportunities at Seaside Mariana Oceanfront Community.