You have a project in Nicaragua. Tell us about that.
Interestingly, my Nicaragua projects are connected to The Ritz-Carlton Residences, Miami Beach. When I purchased the Miami Heart Hospital for the Ritz-Carlton Residences, I received ownership of a large quantity of hospital beds and equipment. I decided to donate these to a worthy cause, the American Nicaraguan Foundation, a Miami-based nonprofit run by Alfredo Pellas, whose family is one of the most prominent in Nicaragua.
Mr. Pellas graciously invited me to visit his country, and I immediately fell in love with the landscape, the people and the culture. I quickly realized that Nicaragua is a rapidly growing destination for tourism and vacation-home real estate, and now is the time to invest.
Our first initiative was to purchase Aqua Wellness Resort, a barefoot luxury resort in Nicaragua’s Pacific Emerald Coast. We are currently enhancing and enlarging the resort, so that in November 2016, Aqua will be rebranded as Six Senses Nicaragua — the Asian luxury brand’s first outpost in the Americas. We are also developing a “luxury circuit” of Six Senses properties for guests, including a spa hotel in the Spanish Colonial city of Granada, which is Nicaragua’s No. 1 tourist destination.
We are also planning a boutique equestrian resort in partnership with Rancho Chilamate on over 300 acres.Read more here: http://www.miamiherald.com/news/business/biz-monday/article32692734.html#storylink=cpy
This is a snippet from a longer article describing this developer who has gotten into the incipient Nicaraguan Resort market. Another data point for those following as this is someone who has made a fairly large investment in the future of Nicaragua for spas and luxury resorts, including vacation and second homes. El Porton Verde wishes Mr. Sternberg all the best in his plans and we’ll be following continued developments.