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Wednesday, August 27, 2008

Mexico Living News Briefs

Puerto Peñasco, Sonora
Marriot to triple Mexican portfolio by 2013

Marriot International is seeking to expand its hospitality presence in Mexico by signing agreements for an additional 28 to 32 properties in the next five years.

This will almost triple its holdings within Mexico, adding 29 branded hotels to the country, as well as creating 3,000 employment opportunities and investing over $1 billion.

“These agreements reflect a huge investment being made by our partners in the future of Mexican tourism and are in response to the growing attractiveness of Mexico as a tourist destination,” said Ed Fuller, president & managing director of international lodging for Marriott International. “As a destination, Mexico accounts for almost 16 percent of tourism activity in the Americas, second only to the United States,”

After arranging a management partnership with Grupo Questro for The Ritz-Carlton Mexico City, a new agreement has been signed with Grupo for the upscale 250 room Puerto Penasco Marriot Resort. Both are schedule to open in 2011.

The development of five to ten franchised hotels has also been agreed with Grupo for the next five years. They have been operating the Tijuana Marriot which opened last year.
“We are thrilled to be part of these visionary plans that will help Mexico achieve its goal of becoming the fifth most visited destination in the world,” Fuller professed.
Twenty years of successful operations within Mexico have rendered the country a significant investment for the Marriot.

Canada
32 percent of new homeowners in Mexico are Canadian

A rising trend of Canadians buying homes in Mexico is being seen. A longtime tourist destination for Canadians escaping inclement weather, Mexico is now becoming a popular place for Canadians to buy a second or primary home. Great weather, strong currency, tax benefits and a lifestyle rich in culture are some of the reasons why more and more Canadians are heading south to Mexico to buy real estate.

Baja California routinely drawing upward of 85 percent of its tourists from Canada and United States, Mexico is steadily becoming home to Canadian snowbirds who can’t resist the lure of its great weather, strong currency, tax benefits and lifestyle rich in culture.

According to HiFX, one of the largest providers of foreign exchange services to individuals and businesses, last year more than 32 percent of new homeowners in Mexico were from Canada. This trend has recently been mirrored in sales center traffic for local real estate developments. In just this past week, Calafia Condos, Resort and Villas in northern Baja California saw six families through its sales office from Canada alone. (PRWEB)

China
Mexico expects good results in five Olympic sports

Chief of the Mexican sport delegation Carlos Padilla Becerra forecasted on Thursday good results in at least five sports of the Beijing Olympic Games, during a reception at the Mexican embassy in China.

Padilla said that there is confidence in diving, marathon, taekwondo, judo, archery and sailing.
Mexican ambassador to Beijing Jorge Eugenio Guajardo Gonzalez host a dinner to the Mexican delegation, attended also by director of the National Commission of Sports and Physical Culture Carlos Hermosillo.

The average age of the Mexican athletes is 25 years old.

Guajardo said he was optimistic and hailed the enthusiasm, the unit and the mentality of the Mexican sportsmen to overcome challenges during the Olympic competition. Guajardo said that sports unite distant countries and with different cultures as it is the case of Mexico and the People’s Republic of China.

Rosarito Beach
Developers Remain Upbeat Despite Zero Construction

Amid rumors of failure to secure financing and reports of having no construction permit from the city of Tijuana, Trump Ocean Resort in Baja California is continuing development of its $200 million-plus condo hotel resort, albeit at a slow pace.

The 444-unit “condotel” project in Punta Bandera is by Los-Angeles-based developer Irongate and The Trump Organization.

Irongate says they have been working closely with one of the largest banks in the world, which is actively investing in Mexico development and rebutted claims that the development did not have proper approvals or permits.

Carlos Palafox, director of development for Irongate anticipates a completion date for tower one in the fall of 2010 with a second tower completion set for six to 12 months later.No construction work is currently being done.

Source MICHELLE MOWAD, San Diego Business Journal Staff

Mexico
Mexico ‘luxurious’ and ‘romantic’ long haul destination

Mexico is fast becoming a popular long-hail holiday destination among people in the UK because it is ‘romantic’.

That’s according to Alyson Cook, editor of Luxury Travel magazine, who said that the country has long been popular with US holidaymakers because of its proximity.

A number of Hollywood stars visiting Mexico’s resorts has also raised its profile as a desirable holiday location.

“Increasingly, I think Mexico is seen as a romantic destination for the UK luxury market,” Ms Cook said.

“Mexico city has some hip hotels,” she explained, adding that also popular are “Los Cabos and Baja California...”