Yet another hotel
The hotel a couple of blocks south of me has opened. The place inside is gorgeous and has only four bedrooms (all large, all with baths, at least one with walk in closets). I ran the math and at 50% occupancy and rates in the $65 to $85 range, they'll make about US $10,000 a year, which might be enough for them if this isn't their own source of income, which I suspect it isn't. One of the people working there is a tri-lingual German who also worked on the reconstruction. At this point, they're only serving breakfast, but they've got room for a considerable restaurant.
My impression is that the clients so far are Nicaraguans. From what I've heard, hotels generally do a good business over the Christmas holidays as people come to see relatives back home. How this will work later, I don't know. I have family that I'd send there if they came to Nicaragua.
But I'm not sure how many hotels Jinotega can support. Another large house that had been renting for US$500 a month is now going to be turned into another hotel. It's a sprawling one story house built in the 1980s that has many bedrooms (a large christian family has rented it and is now looking for another house). If they set up as a hotel, they'll have to have a couple of people working in it and my impression is that the bedroom are smaller than in the art deco house south of me.
They'll probably skim off some of the Hotel Cafe's customers but they'll be dividing their own customer pool.
Be curious to see what happens. Jinotega functions very well as urban space, but doesn't look like much. I love the setting and the scenery, but I'm not sure scenery is enough nor is Jinotega's that unique.
I wish people had some alternative ideas for things to invest in than yet another hotel.