MANAGUA, NICARAGUA--(Marketwire - January 10, 2011) - Grupo Mariana, an established leader in Real Estate Development on Nicaragua's blossoming Pacific Coast, has recently shifted their core business activities to incorporate social reinvestment as a fundamental component and driving mission.
All businesses and initiatives under the Grupo Mariana name will originate from and give back to the country of Nicaragua as a core focus. While Grupo Mariana's focus in the past was the creation of buildings to sell, the focus has since shifted to the creation of and more importantly, the sustaining of communities in the largest sense of the word.
Grupo Mariana has created a program called "5% For Futures" which promises to donate 5% of all sales under all Grupo Mariana businesses to a fund that is governed by their foundation, Fundación Grupo Mariana. The goal of the 5% for Futures Program is to help drive the economic growth and sustainability of the greater Mariana Region, creating an attractive area for the sustained growth of tourism activities.
The first Grupo Mariana business to activate this program is the Seaside Mariana Oceanfront Community. Sales from their soon to be released Condominiums within Seaside's Mariana del Norte Neighborhood and Oceanfront Bungalows at the Laya Boutique Hotel will donate 5% of sales to the Fund. Somontano, an Active Living Community at Seaside planned for launch in 2012 promises to donate 25% of sales to the fund. It is estimated that over time, $35 million dollars from the program can be reinvested in the growth and economic development of Masachapa, the first community receiving benefits from the program, and the surrounding area. These funds are planned for the improvement of roads, wastewater facilities and power in the area. The 5% for Futures Fund also creates the opportunity for over 3,000 new jobs in the region.
Kevin Fleming, Chairman of Grupo Mariana, supports the recent changes to the company's direction. "Grupo Mariana believes in this country," said Fleming. "We believe in the value of Nicaragua's people, her communities and her rich, natural assets. We believe it is our responsibility as part of the Nicaraguan community to make 'Giving Back' the core mission of the company... not an afterthought."
Future plans for growth of the Seaside Mariana community include a recently announced strategic alliance with Wyndham Hotels and Resorts, a subsidiary of Wyndham Worldwide Corporation to develop a 330-room Wyndham Mariana Resort & Casino within the community's town center. Plans for breaking ground on the first holes of El Madroño -- the Community's Jack Nicklaus Signature Golf Course, are scheduled for Fall of 2011. "Wyndham and Nicklaus create the possibility for another huge boost in our ability to give back," says Chairman Fleming. "A great momentum is building toward a strong and positive future of Nicaragua's Pacific Coast. With the help of additional consumers and investors, it is possible to not only change infrastructure, but change lives."
For additional information about Seaside Mariana Oceanfront Community or the 5% for Futures Program, visit www.seasidemariana.com or contact Phil Alexander, Executive Vice President of Sales and Marketing, at phil@grupomariana.com. For information about available real estate within the community, contact Mark Solak at mark@maverickinvestorgroup.com.
Documents and/or Photos available for this release:
Seaside Mariana Discovery Package
To view supporting documents and/or photos, go to www.enr-corp.com/pressroom and enter Release ID: 282735