Barcelo Grows Central American Portfolio

Second Nicaraguan Property: Barcelo Managua

. February 23, 2009

FEBRUARY 23, 2009 - Following the recent opening of Barcel'o Guatemala City and now Barcel'o Managua, which opens today, leading hotelier Barcel'o Hotels & Resorts has undertaken an aggressive expansion program to intensify its local operations in Latin America, the Caribbean and, particularly, Central America. The Spain-based chain has witnessed success for some time throughout Europe and is applying its business model to Central America by increasing its number of city hotel offerings.

The company has already developed operations in key urban destinations and popular capital cities such as Santo Domingo in the Dominican Republic, San Jose in Costa Rica and Guatemala City in Guatemala. Accordingly, Nicaragua's capital city, Managua, was a logical next step for this growing hotel chain.

The four-star Barcel'o Managua features 147 guest rooms and state-of-the-art meeting and convention facilities, including three spacious meeting rooms and an executive boardroom with the capacity to accommodate up to 410 attendees. Ideal for both business and convention travelers, the hotel is located in the capital city's most exclusive district, Villa Fontana, but can also serve as a base camp for leisure visits to nearby destinations such as the city of Granada or the Masaya Volcano. On-site dining options include La Fontana, offering a daily buffet, and Kioto, serving a la carte Japanese cuisine.

Barcel'o Hotels & Resorts has already established a firm presence in Nicaragua with its beach hotel Barcel'o Montelimar, which opened in 1993.

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