Pacaya Lodge is the first and only five-star resort at Laguna de Apoyo, a volcanic crater lake wedged between Masaya and Granada....In addition to being a beautiful spot, Pacaya Lodge is a great base from which to explore some of Nicaragua’s key sites. From here you are within easy reach of Granada; Masaya, where the volcano and artisan’s market is; and Mombacho Volcano, where you can go hiking and zip lining.
-Globetotting