DONALD TRUMP and Los Angeles-based real estate development
company Irongate Development announced they will build a luxury
condominium-hotel in northern Baja, Mexico, about 30 minutes by car
from San Diego. Construction is scheduled to begin later this year,
with completion of the first of two towers scheduled for late 2008.
A development cost was not disclosed. Trump Ocean Resort Baja will
be situated on cliff-side real estate in Punta Bandera. It will
consist of 526 rooms in studio-, one-, two- and three-bedroom
configurations, priced from the mid $200,000s to more than $1
million. Plans call for the units to be rented when not in use by
owners. Trump Ocean Resort Baja will include several restaurants
and bars, an infinity-edge pool and family pool, a spa and fitness
center, walking trails and an owner's concierge.
OCEAN RESORT BAJA is part of a real
estate boom in Mexico that has been led by "fractional ownership"
properties that enable buyers to purchase a piece of a condominium,
hotel or home. Real estate is a hot sector in Mexico, as changes in
Mexican law have eased buyers' concerns about purchasing
real estate in the country. Major U.S. companies have begun
offering mortgages and title insurance. According to the Mexican
government, foreign investment into Mexico is on track to hit $20
billion this year, up from $17.6 billion in 2005.
HOTELS & RESORTS, the company formed earlier this year
by Grupo Barcelo, said it acquired the 357-room Gran Costa Real
Resort & Spa Cancun for an undisclosed sum. The property will
be managed by Barcelo Hotels & Resorts and will be re-branded
the Barcelo Costa Cancun Hotel. The all-inclusive property is a
Mediterranean-style hotel overlooking Playa Linda. It features five
restaurants, a spa and fitness center and meetings facilities.
Playa Hotels said it plans to refurbish and enhance the property
"in the coming months." This is the sixth hotel that Playa Hotels
owns in Mexico. The others are the Barcelo Tucancun Beach Hotel in
Cancun; the Barcelo Premium La Jolla de Mismaloya in Puerto
Vallarta; the Barcelo Premium Ixtapa; the Barcelo Premium Huatulco;
and the Barcelo Premium Karmina Palace in Manzanillo.
REFORMA HOTEL in Mexico City is offering guests a Welcome
Back Package that includes a free night at sister property Marquis
Los Cabos or a 50-minute massage at the Spa Marquis in Mexico City.
Under the program, for each completed stay at the Mexico City
property by Oct. 30, customers earn the free night in Los Cabos or
the free massage. The free nights in Los Cabos are available
through Dec. 15. The promotion applies to rack and corporate rates
at the Mexico City property. For information or reservations, call
(800) 235-2387 or visit www.marquisreforma.com.
VACATIONS is offering a Passport Promotion, which includes
tours to Chichen Itza and Isla Mujeres, as well as a $50 golf
voucher and $15 spa voucher, when customers book a stay at a Palace
Resorts property in Mexico. Three-night packages at the Moon Palace
Cancun, for example, start at $699 per person, double, including
roundtrip air on Spirit Airlines, airport transfers, meals and
hotel taxes and service charges. For information or reservations,
call (888) 450-0076 or visit www.vaxvacationaccess.com/spiritvacations.
Phone: (973) 898-0011
opportunities in the E-letters, contact [email protected].