INVESTMENT in Mexico's hotel real estate sector has
boomed, with a 941% increase since 2000 and no signs of a slowdown
in the immediate future, according to joint research by Jones Lang
LaSalle Hotels and Mexico's National Trust for Tourism Development
(FONATUR). Foreign investors last year spent $640 million in
Mexico's hotel industry, representing an annual compound growth
rate of 135%. Spanish and U.S. companies have accounted for the
lion's share of spending, totaling 99% during the last six years.
During this time, Spanish investors have spent some $1.2 billion
building, renovating and expanding hotels and resorts in Mexico,
while American investors spent $609 million. During the last six
years, Cancun and the Riviera Maya have attracted the bulk of
foreign investment, together capturing $1 billion in investment, or
57% of the total spent in Mexico. The report estimates that foreign
investment in Mexico's hotel sector will achieve an average of $900
million a year by 2009, double the three-year average achieved
between 2004 and last year. A copy of the report is available at www.joneslanglasallehotels.com.
LOS CABOS Beach, Golf, Spa and Casitas Resort launched a
four-night 4th of July package. Available from June 30 to July 9,
the package costs $3,140 per person with accommodations in a
one-bedroom Private Pool Casita. It includes a snorkel tour aboard
the resort's new 80-foot schooner, one dinner for two at the
resort's Vista Ballenas restaurant, daily continental breakfast and
a $100 credit at Spa Marquis. Guests who stay in a Junior Suite pay
$1,520 per person without the snorkel tour. To book, call (877)
238-9399 or visit www.marquisloscabos.com.
OF the Marquis Los Cabos, the resort announced that its
chef, Thierry Dufour, received the Five Star Diamond Award for the
third consecutive year and was named "One of the Finest Chefs
Worldwide," by the American Academy of Hospitality Sciences. The
Five Star Diamond Award recognizes Dufour's 20-seat French gourmet
restaurant, Canto del Mar, at the Marquis Los Cabos. Dufour is the
recipient of several culinary honors, including the prestigious
Maitre Cuisinier de France. Dufour is also one of the main
organizers of the annual Los Cabos Culinary Festival, which is
scheduled this year from Dec. 1 to 8.
VACATIONS teamed with Palace Resorts in Mexico to offer a
free Palace Passport for activities valued at more than $400.
Customers must purchase a minimum three-night stay at any
participating Palace property. In Cancun and the Riviera Maya, the
passport includes a $50 per person voucher for a round of golf at
the Moon Spa & Golf Club or the Playacar Spa & Golf Club,
as well as a $25 per room voucher toward a rental car. To book,
call (800) 328-6877 or visit www.vaxvacationaccess.com.
AEROMEXICO on July 9 will offer daily
service from Austin to Mexico City. Flights will depart Austin at 3
p.m. and arrive in Mexico City at 5:10 p.m. Flights from Mexico
City will depart at noon and arrive in Austin at 2:10
E-Letter Editor: Jorge Sidron
Phone: (973) 898-0011
opportunities in the E-letters, contact [email protected].