$50 Million Dollar Resorts are Always a Good Sign
Mar 6th, 2008 by Kevin
As an offshore investor, you want to watch for signs of growth, and hopefully be on the leading edge of the curve. In Nicaragua, real estate investment is still in the early stages of the property life cycle. However when a $50 million dollar resort breaks ground, or Jack Nicolas decides to put in a golf course, you know you are on to something that is moving.
The new resort is being built by Grand Pacifica, and Mike Cobb (CEO and co-founder) had this great quote about Nicaragua:
“Nicaragua is the last country undergoing a transformation that has occurred in every other Central American country,” says Cobb. Tourism is now the country’s second largest industry. He says that investors in Nicaragua now are “able to catch it at the bottom of the curve.”
