GarciaBodan Nicaragua advised on the acquisition of a property located in the historic center of Granada, Nicaragua, in a transaction that led to its transformation into the first Voco hotel by IHG (InterContinental Hotels Group) in Central America. The firm provided legal counsel throughout the purchase process, as part of the client’s expansion into the regional tourism sector.
The property, located just 50 meters from Granada’s cathedral and central park, was acquired in April 2023. The purchase agreement was initially signed that year and finalized in April 2024. The property remained closed for a full renovation in compliance with Voco’s brand standards and officially reopened in early May 2025.
For this transaction, GarciaBodan delivered a full range of legal services, including the negotiation of terms and conditions, title review, due diligence reporting, and drafting of the legal documents necessary to formalize the deal. The team was led by Eduardo Cabrales, Partner and Regional Director of the firm’s Real Estate practice.
Voco Lake Nicaragua is a five-star premium hotel. It features 36 rooms, including 10 suites, and offers a variety of spaces and services designed to deliver a high-end hospitality experience. The hotel is located approximately 19 kilometers from the Mombacho Volcano and near the 365 islets of Lake Nicaragua, just 40 minutes from Managua. Granada, a colonial city founded in 1524, is a key tourist destination known for its rich history and cultural heritage.