Published On: Thu, Jul 12th, 2018

250 million-peso property waiting to be acquired and developed in Cozumel

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“The National Fund for Tourism Promotion (Fonatur) still has three hotel lots, two multifamily and 20 single-family on the island of Cozumel, which together have a value exceeding 250 million pesos,” declared the delegate of the dependency in Quintana Roo, Juan González Castelán.

He added that European groups, hotel chains and companies that see the island as an investment opportunity have shown interest in acquiring the properties owned by the institution responsible for the planning and development of sustainable tourism projects in Mexico.

The purchase of some of the properties could be defined during the second semester of this year, because several investors waited for the outcome of the recent presidential election in Mexico.

“There is a budget that has been exercised to change electric transformers, for example, but there still a lot of things to get done. Investors that already have properties in Cozumel are looking to develop other projects,” said the Fonatur official.

“We have offered the available properties to new investors, showing them the positive aspects of Cozumel; the line of growth that the island has, the growing presence it has in the hotel industry and how they have turned hotel chains mainly because of the issue of the marina” he continued.

The delegate did not want to reveal the name of the interested chains, but mentioned that they have met with representatives of both national and international firms that, through their people in Mexico, and they have shown great interest.

“The first hotel is already under construction in that area, it is being built next to the marina. We’re talking about a boutique hotel (barely a dozen rooms), and the owners are planning to expand in a second phase”, González Castelán concluded.




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