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MEXLAW > Legal Services  > Several Large Hotel Developments Demonstrate Continued Growth in Mexico’s Tourism Industry

Several Large Hotel Developments Demonstrate Continued Growth in Mexico’s Tourism Industry

Mexico’s Secretary of Tourism reported 40 million tourists visited Mexico in 2017, and 10.6 million tourists arrived during a record-breaking first quarter of 2018. Tourism in Mexico continues to grow; it is no wonder some of the largest hotel and travel companies continue to invest millions of dollars in Mexico.

This week Air Transat announced their plans to develop a hotel chain in the Riviera Maya.

Air Transat is a leading international tourism company based in Montreal, Canada. They have purchased property in Puerto Morelos in the Riviera Maya 20 minutes from Cancun to develop a beachfront resort. They have also signed a promissory agreement to buy the adjacent property. The company plans to own or manage 5000 rooms in Mexico by 2024. The combined deal will cost between $54 million USD and $57 million USD, according to AirTransat.

https://www.transat.com/en-CA/corporate/media/news-releases/124174

AMResorts, an Apple Leisure Group (ALG), a travel and hospitality company specialized in all-inclusive luxury resorts continues to grow its presence in Mexico. Earlier this year they announced the signing of four new resort management contracts which include; Now Natura Riviera Cancun, Dreams Punta de Mita, Secrets Marina Resort and Spa, and Secrets Punta de Mita.

  • The Now Natura Riviera Cancun beachfront resort will be located just 10 miles from the Cancun airport, with 534 rooms and offer their Unlimited-Luxury experience as of the end of 2019.
  • Secrets Marina Resort & Spa, a 407-room adult-only resort is expected to open in 2020, located in the Marina El Cid development and about 35 minutes north of Playa del Carmen.
  • On the Pacific side of Mexico, Secrets Punta de Mita Resort & Spa and Dreams Punta de Mita Resort & Spa are scheduled to open late 2020. The 200-room Secrets and 415-room Dreams will be located in Bahia de Banderas in Punta de Mita, once a quaint fishing village and now one of the most popular travel destination in the Riviera Nayarit region.

“As a whole, Mexico offers a wealth of investment opportunities, and our owners see a strong and consistent return on their resort investments,” said Javier Coll, Executive Vice President and Chief Strategy Officer of Apple Leisure Group.

https://www.appleleisuregroup.com/news-articles/apple-leisure-group-expands-mexico-resort-footprint-with-four-new-management-deals/