There are so many exciting things happening that I hardly know where to begin. We have received full governmental support for Grupo Mariana developments Seaside Mariana Spa & Golf Resort and Isla Mariana Beach & Marina Resort and the support of Daniel Ortega
We’re excited to announce a new coastal highway (scheduled for November 2010) that will extend directly to the entrance of our beach community. We will be one of the few projects with a fully paved road from the international airport directly to our front entrance. We have also received support from Ministry of Transportation and Ministry of Tourism, Municipality of San Rafael Del Sur and Diriamba.
In collaboration with the Ministry of Culture we have initiating an archaeological excavation program to unearth Nicaraguan artifacts that date back to 500BC. These artifacts will be preserved in an on site museum that will be open to the public.
We have submitted our Development Permits to two city councils and received approval in September of 2007. We also submitted our Environmental Permit MARENA application and expect final approval in March of 2010.
Further, our Disclosure in Canada will be filed in December of 2009. The SEC filing of our Founder Member Offering will be submitted in November of 2007. And our HUD registration is scheduled for February of 2010.
Over the course of the year, fluctuations in the market and the economy prompted our development team to re-evaluate our planned offering, based on consumer feedback and interests. In addition to our 200+ Home Sites and 36 Condominiums sold to early investors, Grupo Mariana has also designed an enclave of affordable luxury, the success of which is bolstered by the presence of a soon to be named 5-Star Hospitality Brand with which we have just entered into a letter of intent.
The release of our next phase of real estate offerings includes a smart and realistic product mix with investment and lifestyle opportunities at multiple levels of elegance and return. The Punta del Norte neighbourhood, at the northernmost corner of the property along the pristine Pacific Beach Front, features a limited number of prime Beachfront Home Sites and a small pocket of magnificent high-rise 1, 2 and 3 bedroom Condominium Homes for the discriminating buyer. The Punta del Sur neighborhood will offer Oceanfront Low-Rise Condominiums, Condotel Units and Casitas by our soon to be named 5-Star Hospitality Partner, and Luxury Golf Villas in a private, south-west facing enclave along the 6th, 16th and 18th holes of the El Madrono Golf Course by Jack Nicklaus.
Home Sites: Our Phase 2 offering features 49 home sites within 4 distinct neighbourhoods within the authentic, amenity-filled Nicaraguan landscape. With ocean front, course-side and secluded sites within the private serenity of tree-covered stillness, there is a location for every buyer. There is a added advantage for owners of our home sites that others do not share: If a buyer decides they would like to have a condominium in future phases, purchasers of home sites are exclusive members of our Trade Up Program – with their purchase, they have the freedom to trade their home site toward the purchase of any product of any kind in future releases.
Vistas del Pacífico Condominiums: With just 3 units per building, Vistas del Pacífico Low-Rise Ocean Front Condominiums overlook the preserved natural area in the trendy Punta del Sur neighborhood at Seaside Mariana, which features the dining and entertainment choices offered at El Madrono Golf Club and our 5-Star Hospitality Partner, as well as the wellness offerings at our Plumeria Spa. Offering a more private, intimate condominium lifestyle with the all of the style of the Mariana Brand, Vistas del Pacífico Condominiums are the choice for the discerning golfer, beach enthusiast and investor.
Luxury Golf Villas: Phase 2 offers three-bedroom ocean-front golf villas strategically located within steps of El Madrono Golf Club. Overlooking the 6th hole of the Jack Nicklaus Signature Golf course, these villas are custom designed and appointed to reflect the flavour of Nicaragua with the Mariana Brand’s standard of elegance.
5-Star Branded Condotel: 68 Condotel and 12 private eco-casita units are included in this phase, allowing buyers to invest in a worry-free, hassle free lifestyle with the security of a 5-Star Hospitality brand. Our Condotel units offer all of the amenities of the Mariana Brand with the convenience of professionally managed renting, cleaning, and maintenance by Kemper Sports Management, in-house wellness offerings at Plumeria Spa and the value of a managed rental program with a projected return potential at 65% occupancy. In order to bring all this together, we’ve enlisted the help of top-notch experts from around the world. We have cultivated the best team in the business to ensure that you get the best project in the country. The legendary Jack Nicklaus has given his personal input on the design of our golf course and has added dramatic ocean side golf holes to provide an unrivalled golf experience. We will have the only Nicklaus Design golf course in Central America.
We’ve brought Kemper Sports Management onboard to make sure that nothing is overlooked and that our course has the best management. Kemper Sports Management works with some of the finest championship and resort golf courses in America and abroad. Kemper Sports Management currently has over 70 golf courses under management.
We have been fortunate to have Calvet & Associates with us from the beginning. With their extensive in-country expertise, Calvet & Associates has been pivotal in the formulation of our Nicaraguan business strategy. Calvet & Associates has helped numerous large corporations invest in Nicaragua and is responsible for facilitating the investment of millions of dollars into the local economy.
Castaneda Construction has come onboard in order to provide Grupo Mariana with top quality construction services. Since 1970, Castaneda Construction has been providing meticulous design and construction expertise to companies across Central America.
Taboada & Associates, one of the most respected law firms in Nicaragua will be providing top quality legal services to our team. Further, the law firm of Pushor Mitchell LLP, Haile, Shaw & Pfaffenberger, PA and the law firm of Holland & Knight LLP have also joined our team. These top-notch law firms will ensure that the strict disclosure requirements for business with North American clients have been fully adhered to. For our investors, Seaside Mariana has taken extensive measures to comply with international governmental regulations for HUD and the SEC in the United States and meeting the comprehensive disclosure requirements in Canada.
We have several new presentation shows that will be available in major cities including Los Angeles, Houston, New York, Miami, London, Vancouver, Toronto and Calgary in the New Year. You can also visit our web site to learn more about the Broker Opportunities available for enterprising entrepreneurial types. Over the next twenty years Grupo Mariana will be selling 300 million dollars of top-of-the-line resort real estate and will be offering 10 million dollars worth of commissions. The commission structure ranges from 3% to 7% and in addition, multiple bonuses (worth hundreds of thousands of dollars) are awarded for reaching incentive levels.
As I said, sometimes I get so busy with everyday operations (permits, disclosure, infrastructure, construction, architecture, the golf course, the condos, etc.) that I’ve been remiss in contacting you as frequently as I should. While my duties here are crucial, so is my contact with you. People like you are the lifeblood of Grupo Mariana and the support and enthusiasm shown for our projects has meant the world to me.
I’d love for you to become more involved if the timing is right for you. You can contact us at anytime. We can tell you more about the Joint Venture opportunities available at Grupo Mariana as well as the upcoming shows to be held in Europe, Canada and the United States.
I look forward to speaking with you by telephone or meeting you in person at one of our presentation events. I’d love to show you how Nicaragua can change your life just as it has changed mine.
About Grupo Mariana
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We are very excited about the future of our growing resort and would love to help you learn more about Nicaragua’s Pacific Coast.
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