Daydreaming is a helpful exercise in visualizing a better future, but executing a plan is imperative to building a new Nicaragua, says Carlos Pellas, the country’s leading businessman. Woolgathering, he says, is only helpful insofar as it leads to some...

TOLA—One of the world’s top golf-course designers thinks Nicaragua has all the right ingredients to become the next great golf destination, rivaling Hawaii, South Africa and Costa Rica. The man Golf World Magazine named “the hottest architect in golf” is...

TOLA—After several millennia of being suckled and shaped by Mother Nature, the windswept virgin shoreline of Nicaragua’s “Emerald Coast” is now under the guardianship of Grupo Pellas, which is carefully developing this pristine piece of land into what it promises...