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Cancun ensures investment of $1,000 million dollards in hotel zone

By Xperience Mexico Real Estate
Cancun Hotel Zone

The secretary of Tourism, Miguel Torruco Marqués, said that the Grand Island Cancun project shows the confidence of investors in the country, one of the largest investments in the last 30 years.

 

A three thousand-room project, with an investment of one billion dollars in two phases that will begin operations in 2022 and the second phase in 2024, financed by Bancomext and two foreign banks that reiterate their interest in investing in Mexico.

 

It is estimated that 7,500 direct jobs are created and 12,000 indirect jobs, giving a total of 20,000 jobs created during the life of the project.

Grand Island Cancun will be located at the kilometer 16.5 of Kukulcán boulevard

The construction of a Convention Center, the largest in Cancun, which will be opened in 2022, with an available space of 10,000 square meters, was also announced.

 

In a morning press conference at the National Palace, the federal official stressed that from January to August 2019, 29.8 million international tourists arrived in Mexico, 7.6 percent more than in 2018, with an expenditure of 17 thousand 150 million dollars, 12.3 per one hundred May to the previous year.

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