updated 3/1/2010 9:01:55 AM ET 2010-03-01T14:01:55

The Real Deal: Round-trip airfare on American to Managua; two nights each at the Alhambra Hotel in Granada, Hotel Austria in León (with breakfast daily), and Palermo Hotel and Resort in San Juan del Sur; one night at Hotel Mansión Teodolinda in Managua (with breakfast); private car transfers between the cities; hotel taxes; and fuel surcharges, from $889 per person—plus estimated airport taxes of $92.

When: May 1–June 30, 2010; the starting rate is based on May 20 departures.

Gateways: Miami; add $49 for New York City; $60 for Chicago; $133 for L.A.; $198 for Denver; $227 for Houston; $362 for Seattle; $381 for Phoenix; additional gateways available.

The fine print: Airport taxes and fees are an additional $92 per person. Based on double occupancy; single supplement is $608. Read these guidelines before you book any Real Deal.

Book by: No deadline; based on availability.

Contact: Latin Destinations, 866/645-2846, latindestinations.com.

Why it's a deal: According to a recent search on Kayak, the lowest round-trip fare between Miami and Managua is $300, with taxes, for travel in mid-to-late May (Copa Airlines). For an additional $681, this Latin Destinations package includes airfare, as well as seven nights' accommodations, breakfast at participating hotels, transfers by private car, fuel surcharges, airport taxes, and hotel taxes.

More: Optional activities include a canopy tour in Granada ($106 for two), a visit to the Cerro Negro volcano in Leon ($192 for two), a full-day diving adventure in San Juan del Sur ($228 for two), and a tour of Managua ($198 for two). Additional nights start at $42 per person per night at the Mansión Teodolinda in Managua.

Copyright © 2012 Newsweek Budget Travel, Inc.

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