Pellas Development Group, a subsidiary of Grupo Pellas, Central America’s leading multi-industry economic group, has begun the first phase of construction of its eco-luxe resort, Guacalito de la Isla, a $250 million, 1,670-acre resort development on Nicaragua’s spectacular Pacific Coast.
Sales of the six signature ocean-front homesites and 46 La Reserva ocean-view homesites, ranging in size from one- to two+ acres, have already begun and the pre-sale of 32 three- to five-bedroom eco-friendly luxury villas begins today. Early next year, work will commence on an 18-hole golf course designed by David Mclay Kidd’s DMK Golf Design, known for creating challenging yet enjoyable and sustainable golf courses in scenic destinations, such as Bandon Dunes in Oregon, U.S.A. and The Castle Course at St. Andrews, Scotland.
Set on a four-mile sweep of forested coastal land, a two-hour drive from Managua International Airport, Guacalito de la Isla is the personal vision of Don Carlos Pellas, the founder of Pellas Development Group and the president and CEO of Grupo Pellas. The Pellas family has been a leader in the economic development of Central America for more than a century and has holdings in the sugar, rum, banking, transportation and credit-card businesses. At full buildout, Guacalito’s amenities will include a boutique luxury hotel; a beach club and restaurant; a marina; water sports from surfing to deep-sea fishing; hiking and biking trails; a championship 18-hole golf course; ecology, cultural and adventure-sports programs; an equestrian center; a world-class spa and family wellness center and a variety of multigenerational activities. “We are proud to be at the forefront of Nicaragua’s emergence as a destination for North Americans who seek an idyllic natural and sustainable refuge and an authentic experience,” said Pellas.
“This new generation of green destinations will be in some of the world’s most unspoiled locations”
Pellas Development Group’s launch of Guacalito de la Isla coincides with recent efforts by the Nicaraguan government to entice North American second-home buyers, investors and retirees with generous tax incentives. It is also in step with new interest in among North Americans seeking an exotic yet affordable destination for eco-tourism and vacation real estate. In the past few years, tourism has surpassed coffee as Nicaragua’s leading source of revenue, and Nicaragua has been deemed the safest country in Central America. Since September 15, 2010, millions of Americans have been able to glimpse Nicaragua’s spectacular Pacific beaches weekly on the CBS reality-show “Survivor Nicaragua.” “Survivor Nicaragua” will continue through May 2011.
Guacalito de la Isla is the first in a series of Grupo Pellas’ unique Ceiba Collection eco-retreats in Central America, socially and environmentally sustainable communities benefiting not just residents and guests, but employees and locals as well. This year alone, Pellas Development has donated computers to the local school and 5,000 forest plants to the communities surrounding Guacalito de la Isla. “This new generation of green destinations will be in some of the world’s most unspoiled locations,” said Pellas. “Each will cater to homeowners and guests who wish to make a difference in their families, their communities and their environment.” For information on real estate at Guacalito de la Isla, contact Katia Lacayo: or go to .
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