Tourism, residential and commercial development
Laguna Mar · Margarita Development Platform
Large-scale opportunity on Margarita Island: a strategic land platform in Maneiro Municipality, Apostadero sector, on the Playa Guacuco route, with tourism history, residential, commercial and hospitality potential, and room for either selective rehabilitation or a full new development concept.
Isla de Margarita · Nueva Esparta
Executive snapshot
Laguna Mar was one of Venezuela’s landmark tourism complexes and operated until 2017. Since then, the complex has been progressively dismantled; however, relevant built structures remain on site and may offer significant potential for recovery, adaptation, or integration into a new development concept.
The sale is focused on the land, and the existing structures are not being valued as part of the asking price; they represent an additional upside for investors capable of evaluating their reuse within a larger tourism, residential, or mixed-use project.
Technical information
Key information for initial review
Location
Maneiro Municipality, Apostadero sector, on the Playa Guacuco route, Margarita Island, Nueva Esparta State. Close to Pampatar and Porlamar, two of the island’s main commercial, gastronomic and service centers.
Asset profile
Large-scale tourism land platform with natural setting, deteriorated hotel and recreational structures, internal roads, lagoon/beach context, and potential for a new tourism, residential and commercial destination.
Land scale
Land inventory referenced in the commercial package: approx. 1,685,665.68 m² (168.57 ha / 416.54 ac). The scale supports a phased master plan with tourism, vacation-residential, commercial and recreational uses.
Existing improvements
Hotel Norte, Hotel Sur, Hotel Central, Recreational Center and Convention Center form part of the existing improvements. Their current condition can be technically studied by interested parties to define what may be recovered, adapted or replaced.
Land parcel areas
Referenced parcel inventory, with the owner column omitted.
| Land parcel | Approx. area |
|---|---|
| Lote Norte | 55,300 m² (5.53 ha / 13.66 ac) |
| Lote Sur | 56,500 m² (5.65 ha / 13.96 ac) |
| Lote Internacional | 117,458 m² (11.75 ha / 29.02 ac) |
| Lote Terreno Permuta | 7,272 m² (0.73 ha / 1.80 ac) |
| Lote I | 368,200 m² (36.82 ha / 90.98 ac) |
| Lote II | 508,185 m² (50.82 ha / 125.58 ac) |
| 6 lots for public-road access | 5,305 m² (0.53 ha / 1.31 ac) |
| Convention Center land | 15,000 m² (1.50 ha / 3.71 ac) |
| Lote Central | 36,527 m² (3.65 ha / 9.03 ac) |
| Recreational Center land | 504,050 m² (50.41 ha / 124.55 ac) |
| Lote P | 473 m² (0.05 ha / 0.12 ac) |
| Lote A-2 / Gasparico balance | 11,396 m² (1.14 ha / 2.82 ac) |
| Total land area | 1,685,666 m² (168.57 ha / 416.54 ac) |
Existing construction areas
Referenced built areas are shown separately from land parcels.
| Reference component | Approx. area | Commercial reading |
|---|---|---|
| Hotel Norte | 22,466 m² / 241,822 sq ft | Hotel structure; possible recovery or replacement within a new master plan. |
| Hotel Sur | 22,466 m² / 241,822 sq ft | Hotel structure; potential renovation, conversion or strategic demolition. |
| Hotel Central | 15,596 m² / 167,874 sq ft | Central lodging and service component; recovery or redevelopment potential can be studied by interested parties. |
| Recreational Center | 7,853 m² / 84,529 sq ft | Pools, waterpark and leisure areas; improvements with potential reference value. |
| Convention Center | 6,354 m² / 68,394 sq ft | Event and meeting infrastructure that may support a renewed hospitality or tourism concept. |
| Total construction area | 67,356 m² / 725,014 sq ft | Referenced total construction area specified in the supporting table. |
Why it matters
Development thesis
Premium Margarita location
The land is located in Maneiro, near Pampatar and Porlamar, two key centers for commerce, gastronomy, services and tourism activity on Margarita Island.
Scale for big thinking
Laguna Mar is not a small opportunity: its scale allows a new tourism-residential destination combining hospitality, vacation residences, commerce, recreation, events and services.
Existing structures as upside
The deteriorated structures are not the basis of the price, but they may represent upside if part of them can be recovered or adapted to the new project.
Margarita reactivation angle
The opportunity is designed for investors able to visualize the long-term potential of Margarita Island and Venezuela in a progressive reactivation cycle.
Additional development potential
Golf project included as a strategic reference
The opportunity package includes, as a development reference, an Arizona-style golf course project designed by the renowned South African champion Gary Player.
This component reinforces the vision of Laguna Mar as a large-scale tourism development platform. It can support a next-generation resort concept, destination club, vacation residences, commercial services and integrated recreational experiences.
Visual reference
Current condition and aerial context images
