Hotel groups investing bigtime in developments in Mexican Caribbean [Construction Report]
Mexico’s Caribbean coast and Yucatan Peninsula, a busy corner of paradise. (Picture: DR)
Hotel investment by big names shows no sign of slowing down on the Mexican coast.
Mexico’s Caribbean coast and Yucatan Peninsula continue to be a sure bet for hotel investors, with a projected 137,000 hotel rooms in the pipeline in the area.
We take a look at who is banking on making returns in this part of the world.
Atelier sets its sights on Cancun
Cancun has been a reliable location for new hotel openings for quite a while now, so it’s perhaps no surprise that there are hoteliers out there who want a slice of the pie.
Atelier de Hoteles, a Mexican company which has been up and running since 2015, is hitting Mexico’s Caribbean shores hard with their latest offering in the idyllic beach resort of Playa Mujeres.
The group will launch their new ESTUDIO brand in this location, which will grow their presence in the area to three properties. Atelier’s CEO has indicated that they plan to grow their current stock of 600 rooms to 1,000 by the end of 2020.
Mayan Riviera as popular as ever
It’s not just Atelier that has its sights set on the Yucatan’s Caribbean coast: there are plenty of other players in this game of hotel monopoly.
Cancun itself and the surrounding area is set to receive an incredible 22,000 new rooms in the near future.
The area remains high on the list for prospective investors, developers and operators, despite a drop in occupancy rates last year, possibly down to the increased competition. However, hotel group AMResorts doesn’t seem fazed by this, as they plan to open 30 hotels across Mexico in the coming years.
Among the hotels that will open in Mexico are the Dreams Acapulco Resort & Spa, the Now Natura Riviera Cancun, the Secrets St. Martin Resort & Spa, the Breathless Cancun Resort & Spa and the Breathless Tulum Resort & Spa. Don’t expect this to be the last of hoteliers’ Mexican adventures.
Let’s take a look at a few more hotel projects in Mexico:
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