A changing Nicaragua attracts resort investor
After real-estate developer Ophir Sternberg converted a shuttered Miami Beach hospital into a Ritz Carlton residential building, he donated beds and medical equipment to hospitals in Nicaragua. The head of an American-Nicaraguan foundation invited him to tour the country.
That backdrop, along with the government’s tax incentives for foreign investors, convinced Sternberg last year to buy the Aqua Wellness Resort on the country’s Pacific coast.
Source: Wall Street Journal