About
The Development Group

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AN INTERNATIONAL TEAM OF PROFESSIONALS WHO HAVE BUILT HIGH-END RESIDENTIAL PROJECTS IN THREE COUNTRIES IN THE REGION

ABOUT
THE DEVELOPMENT GROUP

The regionally renowned Pellas Development Group (PDG) is the developer behind the highly-rated Mukul, located within the exclusive Guacalito de la Isla Resort that successfully positioned Nicaragua as the region's up-and-coming high-end destination.

They also spearheaded the ambitious Santa María Golf & Country Club, an exclusive, trend-setting residential and commercial development in Panama City, anchored by The Santa María, a Luxury Collection Hotel & Golf Resort.

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    NICARAGUA

    Mukul Resort

    Mukul (“secret” in Mayan) is the now-revealed secret of Nicaragua's Costa Esmeralda, offering a new way to experience luxury service and hospitality.

    Visit their website
  • 02
    04

    NICARAGUA

    Guacalito de la Isla

    Costa Esmeralda, Nicaragua. Integrally planned low-density Beach Resort on the South Pacific of Nicaragua.

    Visit their website
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    04

    Panama

    Santa Maria Golf & Country Club

    Santa María is a luxury residential complex where modernity is combined with greenery, creating an incomparable lifestyle.

    Visit their website
  • 04
    04

    NICARAGUA

    Aeropuerto Costa Esmeralda

    Costa Esmeralda Airport is your direct connection to Nicaragua - with various flight plans, you'll never miss an opportunity to relax and explore this soft green haven.

    Visit their website

THE FOUNDERS

Costa Elena is a partnership between four of the most influential family businesses in Central America: the Pellas family from Nicaragua, the Durman and Castegnaro families from Costa Rica, and the Motta family from Panama

  • Carlos F. Pellas Chamorro

    Founder

  • Ernesto Castegnaro Odio

    Founder

  • Francis Durman Esquivel

    Founder

  • Stanley A. Motta Cunningham

    Founder

  • Alberto C. Motta Page

    Founder

Our
Principles

SUSTAINABILITY AND REGENERATION

Celebrate the diversity of our 3,000 acres and ten miles of coastline within an authentic, sustainable destination that champions natural beauty, cultural patrimony, environmental preservation, and responsible tourism development.

MEMORABLE MULTI-GENERATIONAL EXPERIENCES

Celebrate the diversity of our 3,000 acres and ten miles of coastline within an authentic, sustainable destination that champions natural beauty, cultural patrimony, environmental preservation, and responsible tourism development.

AUTHENTICITY AND INCLUSIVENESS

Celebrate the diversity of our 3,000 acres and ten miles of coastline within an authentic, sustainable destination that champions natural beauty, cultural patrimony, environmental preservation, and responsible tourism development.

MODERN TROPICAL DESIGN

Celebrate the diversity of our 3,000 acres and ten miles of coastline within an authentic, sustainable destination that champions natural beauty, cultural patrimony, environmental preservation, and responsible tourism development.

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