This is a trip planned for me and 4 friends for 16 days in Nicaragua, Costa Rica and Panama.  Items that are highlighted were trip highlights and highly recommend. 
Day 1: Travel Day
               Transfer from Managua to Leon using Tierratour
               Leon Hotel:  Hotel Flor De Sata
Day 2:  Spent the day seeing Leon
               Evening transfer to Granada using http://www.tierratour.com/shuttles.html
               Granada Hotel:  Miss Margrit’s Guest House
Day 3:  Full day touring Granada
Day 4:  Morning boat tour on Lake Nicaragua and afternoon night tour at Masaya Volcano arranged by Miss Margrit’s
Day 5:  Transfer to Costa Rican Border (arranged by Miss Margrit’s).  Picked up second transfer at the border using Transport Costa Rica
               Monteverde hotel: Monteverde Lodge and Gardens
Day 6:  Zip lining and Canopy walking with Selvatura Park  (arranged once in Monteverde)
Day 7:  Chocolate tour arranged by hotel and hiking in area
Day 8:  Transfer to La Fortuna / Arenal through Costa Rica Shuttle Transportation Services.  Afternoon hike to volcano and evening at hot springs.
               Hotel:  Arenal Volcano Inn
Day 9:  Transfer from Arenal to San Jose using Costa Rica Shuttle Transportation Services.  Afternoon in San Jose seeing museums.
               Hotel:  Crowne Plaza SABANA NORTE
Day 10:  Rafting from Arenal to Pureto Viejo through Gecko Trail Costa Rica
               Hotel:  Hotel Guarana
Day 11:  Morning at Jaguar Rescue Center.  Afternoon transfer to Bocas Del Torro Panama (arranged in Pureto Viejo)
Day 12:  Enjoying sun and water activities in Bocas Del Torro
               Hotel:  Koko Resort
Day 13:  Fly to Panama City.  Full day in Panama City.
               Used Air B&B
Day 14:  Full day in Panama City.
Day 15:  Full day at Panama Canal.
Day 16:  Return home.
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