PLAYA DEL CARMEN, MX (May 10, 2010) — In the near future, the Playa del Carmen Real Estate is set to benefit from large-scale investment from the hotel sector, namely from the Sunset Group, which will be investing into several expansions and new hotels in the area. This kind of investment both shows corporate confidence in profitability of the area, and, in turn, attracts further tourism expanding real estate opportunities.
As part of a renewed strategy for this group consisting of 22 tourism companies, the Chairman of the Board of Directors of Sunset World, Mr. Orlando Arroyo Marroquín announced investments of more than $26 million dollars in the expansion of the Sunset Fishermen Beach Resort, with 80 new rooms and the complete refurbishment of the Royal Sunset Beach Resort with 264 rooms. The construction of a new eco-luxury hotel with 450 rooms is scheduled for the Riviera Maya, the area between Cancun and Tulum, centered on Playa del Carmen.
The unique tourist group also reported on the completion this year of the first phase of Hacienda Tres Rios Resort, Spa & Nature Park in the Riviera Maya with 273 rooms, in which they invested $60 million, and the incorporation of Laguna Suites Golf & Ocean Spa and Spa Hotel and its two new boutique hotels in Cancun, properties in which they invested $11 million dollars to purchase and remodel.
With these new acquisitions, Sunset World currently includes six hotels and over a thousand luxury rooms in the Playa del Carmen and Cancun area, with Sunset Royal Beach Resort, Sunset Lagoon Resort & Marina, Laguna Suites Golf & Spa, Ocean Spa Hotel, Fishermen Sunset Beach Resort and Hacienda Tres Rios Resort, Spa & Nature Park.
The connection to the Playa del Carmen Condo market is shown directly with Sunset World’s plans to build a total of 700 rooms and 1000 condos and homes, both full-time and timeshare on a plot of 326 hectares in the Playa del Carmen area. The group also has future developments plans for Cozumel and Isla Mujeres. The Sunset Group was created in 1998, and currently has succeeded in generating 5000 direct and indirect jobs in Mexico, USA, India, Philippines and England.
Besides the direct real estate development which the Sunset is planning for the Riviera Maya, the new hotel investment shows the confidence that this international corporation has in the security of investment. The confidence stems from a thriving tourism industry, which has recovered from the recession extremely well. This same fact can instill confidence in real estate buyers and investors that tourism will remain strong, bringing new infrastructure and services to the area.
As tourism grows in the area, interest will also continue to be generated in both living and renting in Playa del Carmen, providing opportunities for current buyers to invest in what is currently the fastest growing community in Latin America.
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