Seminole Tribe sells hotel and ranch in Nicaragua
The Seminole Tribe of Florida has sold a hotel and cattle ranch in Nicaragua.

The tribe purchased the Seminole Plaza Hotel in Managua and a 6,000-acre cattle ranch during the tenure of former chairman Jim Billie. He was ousted from office amid accusations of mismanagement and after some of his associates went on trial went on trial for allegedly stealing from the tribe.

Although the hotel and ranch were considered successful, the tribe has put most of its focus on maintaining and expanding the Hard Rock brand of hotels and restaurants. The properties in Nicaragua were sold for a reported $9-$10 million.

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Seminole tribe sells Nicaragua hotel, cattle ranch (The Miami Herald 3/12)