Playa del Carmen to receive new joint venture hotel

Playa del Carmen, Mexico – A new hotel project driven by a Canadian tour operator and a Spanish hotel chain is set for development in Mexico’s highly sought-after Riviera Maya.

The $100 million US project is part of Canada’s Air Transat and Spain’s H10 Hotels group.

Director of the Hotel Association of the Riviera Maya, Manuel Mendoza Paredes, was tight-lipped on details but did say that this new development will enhance the already existing range of hotels in the region.

He says that the project is confirmed and will help Playa del Carmen reach more Canadian and European visitors.

“This is good news about investments in the Riviera Maya. This is a strategic alliance between Spanish and Canadian firms…that will hopefully open the opportunity to more tourists from other parts of northern Europe,” said Paredes Mendoza.

He also explained that in such cases where strong alliances are formed between companies in the given destination such as the Riviera Maya, it allows companies to consider further investments.

With the construction of this latest hotel, the Riviera Maya will have two large hotel projects underway, the other being the Hyatt at Fifth Avenue in Playa del Carmen. It’s expected that the Hyatt, once complete, will generate about 500 direct jobs. Project managers say the hotel is scheduled to open June 1.

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