Mazatlan, Sinaloa, Mexico Real Estate for Retirees to Benefit from Medical Tourism
Mar 28, 2011 When American retirees choose Mazatlan real estate, they do so largely because of the area’s incredible warm weather, beautiful nature and the charm of living in a traditional Mexico homes in an old colonial city. Yet, Mazatlan also offers another aspect very important for retirement; health care. This aspect is set to benefit from a new emphasis which Mexico is placing on medical tourism.
To help strengthen Mexico’s already increasing tourist numbers Mexico’s federal Minister of Tourism announced that during March 2011, it would launch a new program focused on “medical tourism,” which is the “tourism” where people from other countries, like the U.S. or Canada, visit Mexico especially for the sake of medical procedures.
Mexico offers many advantages for medical tourism, including low prices; procedures and care tend to cost 50 – 70% less than in the U.S. On the other hand, hospitals in places like Mazatlan Touristic city, are on par with private U.S. hospitals Sharp in terms of quality, service and equipment. Patients also not the non-existence of waiting lines and a more personalized service.
Retirees in Mazatlan can take advantage of these same benefits, living on a much more comfortable retirement budget since medical expenses tend to be one of the largest expenses to plan for in the U.S. A Mexico agent working in the Mazatlan area will not only be able to help retirees choose the home or condo ideal for them, but also give them tips on the area’s best hospitals, and suggestions for very good but affordable healthcare in general.
Mazatlan is one of the areas which will be able to benefit the most from the government’s new promotion of medical tourism. The city of Mazatlan already numerous excellent hospitals which draw patients from not only the entire region of Mexico, but also from many areas of Central America. International patients from North America exist, but on the whole the area leaves much to be discovered in terms of its high-quality healthcare.
New attention on Mazatlan excellent hospitals would meant that more international travellers would choose to use these services. This would mean that they would have more funds available to expand their services further. It also means that international hospital companies would look to the area for investment, opening new hospitals and specialty clinics, offering retirees in the area even more options. Since at least a reasonable portion of medical tourists would be retirees, this suggests that many of the new services appearing would be retirement-focused healthcare, and the state of Sinaloa has, in fact, expressed plans to focus on the development of this kind of facility.
There couldn’t be much better news for retirees considering Mazatlan, Sinaloa as their new home!
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martes, 29 de marzo de 2011
Market Outlook Shared Vacation Ownership in Mexico
Market Outlook Shared Vacation Ownership
Written by Real eStrategy 7 High impact Mar 28, 2011 We recently talked about in this space shared property boom this industry has made over the past two years, since it stands to reason that worldwide, the United States and Latin America, some potential buyers of vacation property, prefer vacation looking for some other options to do it more economical and efficient company to do when buying a full property ownership. In previous weeks, and we had said, dear reader, of the virtues and benefits of large real estate developments in tourist areas that are marketed under fractional ownership schemes.
On this occasion, let us share with you some figures, findings, new product trends and resort real estate, some important conclusions that make us stay positive about the outlook for the Shared Ownership in Mexico and the LAM region.
The study was published recently Shared Ownership 2010: A Market Perspective (Shared Ownership 2010: A Market Perspective), it was made exclusively for Interval International Ypartership by the firm. This study is inspired by the growing interest shown leisure travelers to seek traditional hotel accommodation options, to enjoy the space and additional facilities that often provide accommodation and exchange opportunities offered by the shared property.
The study is of great value, particularly to you who are developers of resorts, then shaping the changing preferences and trends of the diverse needs of buyers of properties of such complexes, especially considering the great economic buyout that has come to distort and change the dynamics of the real estate business worldwide. The desire to own a vacation property shows no real estate and tourism products under shared ownership schemes, such as timeshare or timeshare under any of its variants, fractional ownership and private residence clubs, are at a great competitive position to meet changing consumer needs and expectations.
The study was conducted with a representative national sample of U.S. consumers who were rated and selected based on various demographic, behavioral and economic. To us as real estate development and / or related companies resort real estate industry in Mexico and Latin America, we are of great interest to know the findings of such studies, because as we all know, the North American market still remains the main market on tourism for our country and region. That is why here are some relevant data of the above study:
Leisure travelers who are familiar with the concepts of shared vacation ownership resorts tend to be married (75%), averaging 47 years old and have 50% of cases, dependents living with them.
This type of leisure traveler has averaged at least 4 trips for recreation or pleasure during the past year.
It is estimated that at least 30% of pleasure travelers familiar with the concept of shared ownership in tourism development, traveled outside the United States on vacation for the past 12 months. One important thing is the study is that there is a growing market within this 30% are road warriors looking for a wide range of holiday experiences and destinations.
Among leisure travelers interested in traveling outside the U.S. I, 44% said they wish to visit Mexico. Leisure travelers who traveled outside the United States in the last year, 24% had visited Mexico.
Within this type of leisure traveler with expertise in shared ownership reported spending an average of $ 5,600 in travel services last year, of which an estimated 61% have been searched and booked online.
Finally, an interesting fact shows that four in ten holidaymakers were staying in a resort-type under a shared ownership scheme in the last 12 months, no doubt, shows that there is a significant level of demand still to meet for the different models offer shared resorts.
Editorial REAL eStrategy with information provided by AMDETUR
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Written by Real eStrategy 7 High impact Mar 28, 2011 We recently talked about in this space shared property boom this industry has made over the past two years, since it stands to reason that worldwide, the United States and Latin America, some potential buyers of vacation property, prefer vacation looking for some other options to do it more economical and efficient company to do when buying a full property ownership. In previous weeks, and we had said, dear reader, of the virtues and benefits of large real estate developments in tourist areas that are marketed under fractional ownership schemes.
On this occasion, let us share with you some figures, findings, new product trends and resort real estate, some important conclusions that make us stay positive about the outlook for the Shared Ownership in Mexico and the LAM region.
The study was published recently Shared Ownership 2010: A Market Perspective (Shared Ownership 2010: A Market Perspective), it was made exclusively for Interval International Ypartership by the firm. This study is inspired by the growing interest shown leisure travelers to seek traditional hotel accommodation options, to enjoy the space and additional facilities that often provide accommodation and exchange opportunities offered by the shared property.
The study is of great value, particularly to you who are developers of resorts, then shaping the changing preferences and trends of the diverse needs of buyers of properties of such complexes, especially considering the great economic buyout that has come to distort and change the dynamics of the real estate business worldwide. The desire to own a vacation property shows no real estate and tourism products under shared ownership schemes, such as timeshare or timeshare under any of its variants, fractional ownership and private residence clubs, are at a great competitive position to meet changing consumer needs and expectations.
The study was conducted with a representative national sample of U.S. consumers who were rated and selected based on various demographic, behavioral and economic. To us as real estate development and / or related companies resort real estate industry in Mexico and Latin America, we are of great interest to know the findings of such studies, because as we all know, the North American market still remains the main market on tourism for our country and region. That is why here are some relevant data of the above study:
Leisure travelers who are familiar with the concepts of shared vacation ownership resorts tend to be married (75%), averaging 47 years old and have 50% of cases, dependents living with them.
This type of leisure traveler has averaged at least 4 trips for recreation or pleasure during the past year.
It is estimated that at least 30% of pleasure travelers familiar with the concept of shared ownership in tourism development, traveled outside the United States on vacation for the past 12 months. One important thing is the study is that there is a growing market within this 30% are road warriors looking for a wide range of holiday experiences and destinations.
Among leisure travelers interested in traveling outside the U.S. I, 44% said they wish to visit Mexico. Leisure travelers who traveled outside the United States in the last year, 24% had visited Mexico.
Within this type of leisure traveler with expertise in shared ownership reported spending an average of $ 5,600 in travel services last year, of which an estimated 61% have been searched and booked online.
Finally, an interesting fact shows that four in ten holidaymakers were staying in a resort-type under a shared ownership scheme in the last 12 months, no doubt, shows that there is a significant level of demand still to meet for the different models offer shared resorts.
Editorial REAL eStrategy with information provided by AMDETUR
http://www.tibesarealty.com.mx/
www.tibesarealty.com.mx/wordpress/
Dragon Mart Will Invest $150 Million Dollars In Cancun Mexico
Dragon Mart will invest $ 150 million in Cancun
23/03/2011 21:05
No later than November 2012 should be operating the Dragon Mart Cancun, the second area of exhibition and sale of Chinese goods in the world outside of the Asian giant announced Hao Feng, Chairman of Chinamex, international consortium that brings this concept to Mexico .
It provides an initial investment of $ 150 million for the project and the generation of 5,000 direct jobs, not counting the Chinese community workers who occupy the housing complex of 4,000 homes that are included within the project of 840,000 square meters.
If this were planned, could settle the Chinese community the largest in Mexico, it is estimated that inhabit this complex in a number not less than 5.000, said Armand Francisco Pimentel, Economic Development Secretary Government of Quintana Roo and one of the major driver of this plan.
The project, the official said, should be viewed with a boost from the Chinese government to small and medium businesses to project their country internationally and to offer their goods directly, without intermediaries such as Cancun a showcase, a destination with better connectivity Central International and the cone point between south and north of the continent, while providing a window into Europe.
Be located on the main highway Cancun-Playa del Carmen, near Puerto Morelos and 15 minutes from Cancun airport.
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23/03/2011 21:05
No later than November 2012 should be operating the Dragon Mart Cancun, the second area of exhibition and sale of Chinese goods in the world outside of the Asian giant announced Hao Feng, Chairman of Chinamex, international consortium that brings this concept to Mexico .
It provides an initial investment of $ 150 million for the project and the generation of 5,000 direct jobs, not counting the Chinese community workers who occupy the housing complex of 4,000 homes that are included within the project of 840,000 square meters.
If this were planned, could settle the Chinese community the largest in Mexico, it is estimated that inhabit this complex in a number not less than 5.000, said Armand Francisco Pimentel, Economic Development Secretary Government of Quintana Roo and one of the major driver of this plan.
The project, the official said, should be viewed with a boost from the Chinese government to small and medium businesses to project their country internationally and to offer their goods directly, without intermediaries such as Cancun a showcase, a destination with better connectivity Central International and the cone point between south and north of the continent, while providing a window into Europe.
Be located on the main highway Cancun-Playa del Carmen, near Puerto Morelos and 15 minutes from Cancun airport.
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Iberia Traffic Grows 23% Between Mexico and Spain
Iberia traffic grows 23% between Mexico and Spain
17/03/2011 17:02
In the first two months of the year increased 23% Spanish airline passenger numbers compared with 2010 and 2011, Iberia considers an offer of 430,000 seats, representing an increase of 24% against the previous year.
The company said its market leadership in Europe and Latin America for their offers, with about 266 flights per week from Madrid to 21 destinations in Latin America, most direct.
Of those flights, two a day have Mexico as a destination, operated by Airbus A340 aircraft, the higher capacity of the Spanish airline, which represents more than 5,600 seats weekly.
In addition, as part of its Comprehensive Plan Customer Service Improvement 2009-2011, which envisages investments of 150 million euros in various improvements, Iberia opened a VIP room in Terminal 1 International Airport of Mexico City (AICM) .
With this plan, up to now have improved facilities Iberia in Madrid, Valencia, Bilbao, Santo Domingo, Frankfurt, Orly and Miami, and in the near future will be in Buenos Aires. (Excelsior)
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17/03/2011 17:02
In the first two months of the year increased 23% Spanish airline passenger numbers compared with 2010 and 2011, Iberia considers an offer of 430,000 seats, representing an increase of 24% against the previous year.
The company said its market leadership in Europe and Latin America for their offers, with about 266 flights per week from Madrid to 21 destinations in Latin America, most direct.
Of those flights, two a day have Mexico as a destination, operated by Airbus A340 aircraft, the higher capacity of the Spanish airline, which represents more than 5,600 seats weekly.
In addition, as part of its Comprehensive Plan Customer Service Improvement 2009-2011, which envisages investments of 150 million euros in various improvements, Iberia opened a VIP room in Terminal 1 International Airport of Mexico City (AICM) .
With this plan, up to now have improved facilities Iberia in Madrid, Valencia, Bilbao, Santo Domingo, Frankfurt, Orly and Miami, and in the near future will be in Buenos Aires. (Excelsior)
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Mexico Exports Grow 20.9% and Amount To $25,750 Million Dollars In February
Exports grow 20.9% and amount to 25.750 million dollars in February
28/03/2011 17:11
Mexico exported products 25.750 billion in February, up 20.9% annualized with that, although growth slowed, retained levels above the expectations of the federal government and the private sector.
Imports totaled U.S. $ 25.475 million, an increase of 22%, thus bringing the country obtained a surplus of $ 275 million.
"Exports performed better than expected, but is expected to decelerate as the year progresses to have a high base," said Raul Feliz, a researcher at the Centro de Investigacion y Docencia Economicas (
The Ministry of Economy has projected that Mexican exports have increased more than 10% in 2011, after they climbed 29.8% in 2010.
Analysts in the private sector economy, surveyed by the Bank of Mexico, forecast that in 2011 the value of non-oil exports increased 10.8%, that of oil, 7.9% and imports, 12.1%.
In February, Mexico reported annualized increases of 22% of oil exports and 20.7% of non-oil exports. (INEGI
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28/03/2011 17:11
Mexico exported products 25.750 billion in February, up 20.9% annualized with that, although growth slowed, retained levels above the expectations of the federal government and the private sector.
Imports totaled U.S. $ 25.475 million, an increase of 22%, thus bringing the country obtained a surplus of $ 275 million.
"Exports performed better than expected, but is expected to decelerate as the year progresses to have a high base," said Raul Feliz, a researcher at the Centro de Investigacion y Docencia Economicas (
The Ministry of Economy has projected that Mexican exports have increased more than 10% in 2011, after they climbed 29.8% in 2010.
Analysts in the private sector economy, surveyed by the Bank of Mexico, forecast that in 2011 the value of non-oil exports increased 10.8%, that of oil, 7.9% and imports, 12.1%.
In February, Mexico reported annualized increases of 22% of oil exports and 20.7% of non-oil exports. (INEGI
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lunes, 28 de marzo de 2011
Thye Segment Will Reactivate Industrial Park with an Investment Of $ 1,500 Million Dollars in 2011 in Mexico
The segment will reactivate industrial parks with an investment of 1.500 million dollars in 2011
17/02/2011 14:48
After the crisis faced by the industrial parks in 2009 and the first half of 2010, the industry awaits a positive outlook, as it provides an investment of over 1.500 million dollars (mdd) in this year, Mexican Association of Private Industrial Parks (AMPIP .)
Despite progress, still not reach the level of investment that was before the crisis, according to a survey AMPIP among its members, was about 2.000 million dollars and reached up to 50% decrease in 2009.
The current need in the country is focused on developing DCs (Cedis) in the center and southeast, so it is expected that these developments are having a greater development.
Among the factors that trigger these projects are the U.S. recovery, the growth of the Mexican economy, in addition to the placement of resources in the Mexican Stock Exchange under the scheme of Development Capital Certificates (CKDs), made by AMB Mexico and Prudential Real Estate Investors, members of AMPIP, which together put about 460 million dollars in 2010.
AMPIP recalled the beginning of very specific projects, such as the Volkswagen engine plant in Silao, Guanajuato, one of the parks association, with an investment of 550 million dollars in the first stage, or production plant Learjet Bombardier 850, with 250 million dollars in the Vesta in Queretaro Aerospace Park last year, "factors that will help the sector continue uphill."
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17/02/2011 14:48
After the crisis faced by the industrial parks in 2009 and the first half of 2010, the industry awaits a positive outlook, as it provides an investment of over 1.500 million dollars (mdd) in this year, Mexican Association of Private Industrial Parks (AMPIP .)
Despite progress, still not reach the level of investment that was before the crisis, according to a survey AMPIP among its members, was about 2.000 million dollars and reached up to 50% decrease in 2009.
The current need in the country is focused on developing DCs (Cedis) in the center and southeast, so it is expected that these developments are having a greater development.
Among the factors that trigger these projects are the U.S. recovery, the growth of the Mexican economy, in addition to the placement of resources in the Mexican Stock Exchange under the scheme of Development Capital Certificates (CKDs), made by AMB Mexico and Prudential Real Estate Investors, members of AMPIP, which together put about 460 million dollars in 2010.
AMPIP recalled the beginning of very specific projects, such as the Volkswagen engine plant in Silao, Guanajuato, one of the parks association, with an investment of 550 million dollars in the first stage, or production plant Learjet Bombardier 850, with 250 million dollars in the Vesta in Queretaro Aerospace Park last year, "factors that will help the sector continue uphill."
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Mexican Tianguis Turistic Seeks to Reactivate the Sector
Tianguis Turístico seeks to reactivate the sector
24/03/2011 21:14
With the start of Tianguis Turistico in Acapulco, Guerrero, this year the tourism sector aims to reduce the negative effects triggered by the fight against organized crime to revive the arrival of tourists and investors to Mexico.
This event, which began today and ends on Sunday 28 March, will feature 400 national tourism industry and 6,000 buyers from 22 countries.
Currently, the perception of insecurity becomes a drawback for hoteliers and chains that operate inside the country, as companies national and international wholesalers, is used as an argument for lower rates as a solution to attract more visitors.
There are no official figures, but it is mentioned that this year's drop is 93% springbreakers only in Acapulco, as a result of insecurity, which has devalued the price of the rooms 30%, unofficially.
From January to December 2010 the hotel occupancy rate nationally stood at 48% while the average rate stood at 979 pesos, the combination of both indicators resulting in a RevPAR-value for stay per room-average 482 pesos per room.
The president of the National Tourist Business Council (CNET), Pablo Azcarraga, said that recovery of hotel rates will be recorded as the promotion of tourism is to go to eradicate the image of insecurity, exploiting the natural attractions and developments that break with the country has to attract a greater volume of visitors with greater economic power.
Therefore, he added, it is important that in the 36 edition of Tianguis Turistico in Acapulco, maximum event industry nationwide, which is objectively describing the situation in the issue of security, detailing the country's tourist destinations are far from that climate and restore confidence to think of Mexico as a first choice for break and investment.
Clarification horizon
While experts see a challenging outlook for the sector by the rising tide of crime in the country, the National Tourist Business Council (CNET) predicts that this year the arrival of foreigners into the country increased by 2.6% compared with last year.
According to a CNET study entitled "Overview: Tourism Activity" that will experience growth this year will encourage tourism in foreign exchange earnings, it will be located in $ 12.5 million, ie 4.1% more than in 2010.
Last year, international tourist arrivals was 22.4 million, ie, showed an increase of 4.4% over the previous period.
She indicated that about 54% of companies surveyed said they were adversely affected by issues of organized crime, which decreased in number compared to 74% expressed last year.
Best tourist arrives
Spending Visa cardholders who traveled to Mexico during 2010 increased 12 percent, the report said annual 'Tourism Prospects to 2011, Mexico' released by Visa Inc.
Travellers from the United States were the biggest spenders in the country, accounting for 3.100 million pesos, representing an increase of 7% compared to 2009, when it spent 2.900 billion pesos.
The director of Visa Mexico noted that even in times of global economic crisis the country's tourism industry was an improvement from May 2010, when foreign travelers the plastic used to spend 44% more compared to the same period in 2009.
Tianguis in numbers
The 36 edition of Tianguis Turístico de Acapulco will feature 400 companies from the national tourism sector and 6.000 expected buyers from 22 countries.
According to the Ministry of Tourism (Tourism Ministry) are provided at least 17,000 business appointments during the flea market, which will be inaugurated today by President Felipe Calderon in the exhibition area of the Convention Center.
Among the attendees include associations, nongovernmental organizations, hotels, airlines, ground operators, tour operators, car rental, parks and buyers.
Within the purchasing countries are Argentina, Brazil, Canada, Chile, China, Korea, Spain, United States, France, India, Ireland, Italy, Japan, Mexico, Netherlands, Peru, Poland, United Kingdom, Czech Republic Switzerland and Venezuela.
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24/03/2011 21:14
With the start of Tianguis Turistico in Acapulco, Guerrero, this year the tourism sector aims to reduce the negative effects triggered by the fight against organized crime to revive the arrival of tourists and investors to Mexico.
This event, which began today and ends on Sunday 28 March, will feature 400 national tourism industry and 6,000 buyers from 22 countries.
Currently, the perception of insecurity becomes a drawback for hoteliers and chains that operate inside the country, as companies national and international wholesalers, is used as an argument for lower rates as a solution to attract more visitors.
There are no official figures, but it is mentioned that this year's drop is 93% springbreakers only in Acapulco, as a result of insecurity, which has devalued the price of the rooms 30%, unofficially.
From January to December 2010 the hotel occupancy rate nationally stood at 48% while the average rate stood at 979 pesos, the combination of both indicators resulting in a RevPAR-value for stay per room-average 482 pesos per room.
The president of the National Tourist Business Council (CNET), Pablo Azcarraga, said that recovery of hotel rates will be recorded as the promotion of tourism is to go to eradicate the image of insecurity, exploiting the natural attractions and developments that break with the country has to attract a greater volume of visitors with greater economic power.
Therefore, he added, it is important that in the 36 edition of Tianguis Turistico in Acapulco, maximum event industry nationwide, which is objectively describing the situation in the issue of security, detailing the country's tourist destinations are far from that climate and restore confidence to think of Mexico as a first choice for break and investment.
Clarification horizon
While experts see a challenging outlook for the sector by the rising tide of crime in the country, the National Tourist Business Council (CNET) predicts that this year the arrival of foreigners into the country increased by 2.6% compared with last year.
According to a CNET study entitled "Overview: Tourism Activity" that will experience growth this year will encourage tourism in foreign exchange earnings, it will be located in $ 12.5 million, ie 4.1% more than in 2010.
Last year, international tourist arrivals was 22.4 million, ie, showed an increase of 4.4% over the previous period.
She indicated that about 54% of companies surveyed said they were adversely affected by issues of organized crime, which decreased in number compared to 74% expressed last year.
Best tourist arrives
Spending Visa cardholders who traveled to Mexico during 2010 increased 12 percent, the report said annual 'Tourism Prospects to 2011, Mexico' released by Visa Inc.
Travellers from the United States were the biggest spenders in the country, accounting for 3.100 million pesos, representing an increase of 7% compared to 2009, when it spent 2.900 billion pesos.
The director of Visa Mexico noted that even in times of global economic crisis the country's tourism industry was an improvement from May 2010, when foreign travelers the plastic used to spend 44% more compared to the same period in 2009.
Tianguis in numbers
The 36 edition of Tianguis Turístico de Acapulco will feature 400 companies from the national tourism sector and 6.000 expected buyers from 22 countries.
According to the Ministry of Tourism (Tourism Ministry) are provided at least 17,000 business appointments during the flea market, which will be inaugurated today by President Felipe Calderon in the exhibition area of the Convention Center.
Among the attendees include associations, nongovernmental organizations, hotels, airlines, ground operators, tour operators, car rental, parks and buyers.
Within the purchasing countries are Argentina, Brazil, Canada, Chile, China, Korea, Spain, United States, France, India, Ireland, Italy, Japan, Mexico, Netherlands, Peru, Poland, United Kingdom, Czech Republic Switzerland and Venezuela.
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Mexican Hotel Chain Camino Real Estate Purchase By $ 1,600 Mp
Camino Real estate purchase by 1.600 mp
27/03/2011 19:55
Mexican hotel chain will spend 1.600 billion pesos in the acquisition of accommodation facilities that are found in various places of tourist attraction in Mexico, said the general director of Hoteles Camino Real, Eduardo Ymay.
The management reserved the name and the name of the vendor pursuant to a confidentiality agreement, but confirmed that deciding where and how many hotels will buy it over the next 60 days.
The company analyzes various options in city and beach destinations in Mexico, where Camino Real currently operates 28 of its 29 hotels. One is in El Paso, Texas.
He said that in all cases it is constructed and operating hotels.
He announced that Camino Real could increase occupancy and revenue between 15 and 20%.
Additionally to the new acquisitions, the company remodeled the hotel Camino Real Polanco, Guadalajara and Huatulco, and plans to build two new units in Mexico City are: Camino Real Camino Real Insurgentes and Santa Fe, in addition to that already exists in the area.
Hoteles Camino Real, recorded in the first months of 2011 a growth of between 12 and 16% in occupancy, and 15% in revenue. (Excelsior)
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27/03/2011 19:55
Mexican hotel chain will spend 1.600 billion pesos in the acquisition of accommodation facilities that are found in various places of tourist attraction in Mexico, said the general director of Hoteles Camino Real, Eduardo Ymay.
The management reserved the name and the name of the vendor pursuant to a confidentiality agreement, but confirmed that deciding where and how many hotels will buy it over the next 60 days.
The company analyzes various options in city and beach destinations in Mexico, where Camino Real currently operates 28 of its 29 hotels. One is in El Paso, Texas.
He said that in all cases it is constructed and operating hotels.
He announced that Camino Real could increase occupancy and revenue between 15 and 20%.
Additionally to the new acquisitions, the company remodeled the hotel Camino Real Polanco, Guadalajara and Huatulco, and plans to build two new units in Mexico City are: Camino Real Camino Real Insurgentes and Santa Fe, in addition to that already exists in the area.
Hoteles Camino Real, recorded in the first months of 2011 a growth of between 12 and 16% in occupancy, and 15% in revenue. (Excelsior)
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viernes, 25 de marzo de 2011
Ostar Group, Carso in The Hotel Business
Ostar group, Carso in the hotel business
Written by Real eStrategy 2 Articles and Reports , Tourism Market Mar 22, 2011 Although several of its members have heard from Carlos Slim Helu, Grupo Carso president for life, tourism is one of the options for Mexico to generate wealth and jobs, the reality is that, as an investor, has not shown much interest in the subject, which does not mean you are out of this segment.
At the beginning of the decade of the 90, bought the hotel Calinda Carso, a trademark product coming down the differences between their properties, prestigious buildings and other minor categories. The first effort to give you an update was given by Alfonso Salem Slim and then, in late 2005, Roberto Slim Seade arrived as CEO and raised other important changes to look for affluent travelers.
As always, Grupo Carso is alert to opportunities, so I recently purchased the Ramada Gateway, in a privileged position with respect to the Disney parks in Orlando. In addition, all buildings Ostar part of Inmobiliaria Carso, a company listed on the stock market and many properties including Mexico's largest consortium.
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Written by Real eStrategy 2 Articles and Reports , Tourism Market Mar 22, 2011 Although several of its members have heard from Carlos Slim Helu, Grupo Carso president for life, tourism is one of the options for Mexico to generate wealth and jobs, the reality is that, as an investor, has not shown much interest in the subject, which does not mean you are out of this segment.
At the beginning of the decade of the 90, bought the hotel Calinda Carso, a trademark product coming down the differences between their properties, prestigious buildings and other minor categories. The first effort to give you an update was given by Alfonso Salem Slim and then, in late 2005, Roberto Slim Seade arrived as CEO and raised other important changes to look for affluent travelers.
As always, Grupo Carso is alert to opportunities, so I recently purchased the Ramada Gateway, in a privileged position with respect to the Disney parks in Orlando. In addition, all buildings Ostar part of Inmobiliaria Carso, a company listed on the stock market and many properties including Mexico's largest consortium.
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Spain Recognized Cultural and Tourist Attractions in Mexico
Spain recognized cultural and tourist attractions in Mexico
January 19, 2011 - 21:09Credit:Editorial / The Economist
The Ministry of Tourism, the Tourism Board of Mexico and state governments began work on promoting our country as part of the XXXI edition of the International Tourism Fair held in Spain.
The objectives are to introduce all the tourist and the riches with which our nation, in order to increase the flow of foreign tourists, encourage investment in the sector, create more jobs and better living conditions for the 7.5 million families living in this activity.
Queen Sofia of Spain opened the stand of Mexico , which is made by the Ministry of Tourism, the Tourism Board of Mexico, state governments, airlines, tour operators, hotel representatives and others in the industry Desk.
The promotion is based on the 10 routes from Mexico , which seek to combine sun and beach destinations with archaeological sites, cultural sites, Pueblo Magico, colonial places and dining experiences.
The Secretary of Tourism, Gloria Guevara Manzo, Ambassador of Mexico to Spain, Jorge Zermeño, the Governor of Jalisco, Emilio González, and the Director General of the CPTM, Rodolfo López Negrete, together with the Secretaries of Tourism of the states received Queen of Spain to carry out the launch of Stand.
During the opening ceremony, Queen Sofia acknowledged the historical, cultural and tourism of our country and mentioned that he has a great affection for Mexico and its people.
The Tourism Secretary said Fitur is a great opportunity to strengthen the promotion of Mexico at the international level.
He claimed that in the context of the XXXI edition of this international exhibition with the participation of 166 countries and over 10 thousand 500 specialized companies will present the vast tourism, culture and cuisine with which our country.
In this edition of Fitur, the Route of Don Basque Michoacán won the Best Product of 2011 Active Tourism .
The ruling was made public on January 14 and today this recognition was given to the winner of the contest, involving nearly 80 products in Fitur.
After the vote of the jury (including more than 4 000 votes of the readers of AireLibre), the Government of Michoacán was honored with this recognition by this route, which won over 70% of the votes recorded .
Don Basque Tourist Route is one of the major programs currently being developed by the Ministry of Tourism of the State, through which cultural tourism offers a tour of the 22 municipalities of the region.
This route is primarily for three axes, that is where the distribution is made to the routes that will serve the Route of Don Basque and its main objective is to offer services to tourists a tour of communities in the Meseta Purépecha, the Lake Patzcuaro and the Cañada de los Once Pueblos.
Importantly, the call for this contest was developed jointly by the Fitur and AireLibre Magazine in order to maximize the development of the tourism industry and international projects with the highest quality products.
Moreover, it is noted that the Ministry of Tourism gave a lecture at the IE Business School in Spain, which is recognized as a leading business schools in Europe.
http://www.tibesarealty.com.mx/
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January 19, 2011 - 21:09Credit:Editorial / The Economist
The Ministry of Tourism, the Tourism Board of Mexico and state governments began work on promoting our country as part of the XXXI edition of the International Tourism Fair held in Spain.
The objectives are to introduce all the tourist and the riches with which our nation, in order to increase the flow of foreign tourists, encourage investment in the sector, create more jobs and better living conditions for the 7.5 million families living in this activity.
Queen Sofia of Spain opened the stand of Mexico , which is made by the Ministry of Tourism, the Tourism Board of Mexico, state governments, airlines, tour operators, hotel representatives and others in the industry Desk.
The promotion is based on the 10 routes from Mexico , which seek to combine sun and beach destinations with archaeological sites, cultural sites, Pueblo Magico, colonial places and dining experiences.
The Secretary of Tourism, Gloria Guevara Manzo, Ambassador of Mexico to Spain, Jorge Zermeño, the Governor of Jalisco, Emilio González, and the Director General of the CPTM, Rodolfo López Negrete, together with the Secretaries of Tourism of the states received Queen of Spain to carry out the launch of Stand.
During the opening ceremony, Queen Sofia acknowledged the historical, cultural and tourism of our country and mentioned that he has a great affection for Mexico and its people.
The Tourism Secretary said Fitur is a great opportunity to strengthen the promotion of Mexico at the international level.
He claimed that in the context of the XXXI edition of this international exhibition with the participation of 166 countries and over 10 thousand 500 specialized companies will present the vast tourism, culture and cuisine with which our country.
In this edition of Fitur, the Route of Don Basque Michoacán won the Best Product of 2011 Active Tourism .
The ruling was made public on January 14 and today this recognition was given to the winner of the contest, involving nearly 80 products in Fitur.
After the vote of the jury (including more than 4 000 votes of the readers of AireLibre), the Government of Michoacán was honored with this recognition by this route, which won over 70% of the votes recorded .
Don Basque Tourist Route is one of the major programs currently being developed by the Ministry of Tourism of the State, through which cultural tourism offers a tour of the 22 municipalities of the region.
This route is primarily for three axes, that is where the distribution is made to the routes that will serve the Route of Don Basque and its main objective is to offer services to tourists a tour of communities in the Meseta Purépecha, the Lake Patzcuaro and the Cañada de los Once Pueblos.
Importantly, the call for this contest was developed jointly by the Fitur and AireLibre Magazine in order to maximize the development of the tourism industry and international projects with the highest quality products.
Moreover, it is noted that the Ministry of Tourism gave a lecture at the IE Business School in Spain, which is recognized as a leading business schools in Europe.
http://www.tibesarealty.com.mx/
www.tibesarealty.com.mx/wordpress/
Tourism is Historic Moment in Mexico
Tourism is "historic" moment
March 25, 2011 - 16:40Credit:Ricardo Alonso and Alejandro de la Rosa
Photo: Hugo Salazar
The Secretary of Tourism, Gloria Guevara, said the sector is going through a "historic" moment that represents the possibility of breaking paradigms in its favor, this through the combined efforts of all actors involved in the recent National Tourism Agreement.
During the inauguration of the Tourism Tianguis edition 36 of this port, which was attended by the President Felipe Calderón, the official said that the meeting is an opportunity to achieve that aim to be the best platform to promote the natural attractions of the country.
"It is time to act, to execute, take what we have. Joined by tourism and joined by Mexico are going to make, "he added.
He recalled that the agreement has involved laying the foundations to detonate their potential in which each member must run its share. "We set ambitious goals that are not easy, but achievable, to place the country among the top five tourist destinations worldwide.
For his part, President of National Tourist Business Council, Pablo Azcarraga, said the serious problems that have faced in the past three years behind and now it has enough elements to speak of a recovery.
"The agreement will stimulate and engage. We employers have committed to invest 4 billion dollars this year to reach 20 billion over the next five years, "he said.
Azcarraga also requested that the projects of private investors are the most suitable routes to expedite always with due care for natural resources.
In addition, President Felipe Calderón said that the initiative of integrating all participants in the signing and development of a tourism agreement will be remembered as the authority that led to the industry in its rightful place.
http://www.tibesarealty.com.mx/
www.tibesarealty.com.mx/wordpress/
March 25, 2011 - 16:40Credit:Ricardo Alonso and Alejandro de la Rosa
Photo: Hugo Salazar
The Secretary of Tourism, Gloria Guevara, said the sector is going through a "historic" moment that represents the possibility of breaking paradigms in its favor, this through the combined efforts of all actors involved in the recent National Tourism Agreement.
During the inauguration of the Tourism Tianguis edition 36 of this port, which was attended by the President Felipe Calderón, the official said that the meeting is an opportunity to achieve that aim to be the best platform to promote the natural attractions of the country.
"It is time to act, to execute, take what we have. Joined by tourism and joined by Mexico are going to make, "he added.
He recalled that the agreement has involved laying the foundations to detonate their potential in which each member must run its share. "We set ambitious goals that are not easy, but achievable, to place the country among the top five tourist destinations worldwide.
For his part, President of National Tourist Business Council, Pablo Azcarraga, said the serious problems that have faced in the past three years behind and now it has enough elements to speak of a recovery.
"The agreement will stimulate and engage. We employers have committed to invest 4 billion dollars this year to reach 20 billion over the next five years, "he said.
Azcarraga also requested that the projects of private investors are the most suitable routes to expedite always with due care for natural resources.
In addition, President Felipe Calderón said that the initiative of integrating all participants in the signing and development of a tourism agreement will be remembered as the authority that led to the industry in its rightful place.
http://www.tibesarealty.com.mx/
www.tibesarealty.com.mx/wordpress/
lunes, 21 de marzo de 2011
Colombian Company Will Invest $ 21 Million Dollars In Mexico
Colombian company will invest 21 million dollars in Mexico
Business - Friday, March 18, 2011 (20:12 hrs)
•Team made the investment , a means of one of its subsidiaries
The online Financial
Bogotá, March 18 .- The Colombian company Team, a leading food industry (vegetable fats and oils), announced today it will invest $ 21 million in Mexico .
The investment will be made through one of its subsidiaries and jointly with the member of Team in Mexico, will aim to strengthen its U.S. business in that country.
The capital will be invested to improve the platform for research and development Team, by building laboratories that will allow the company to be more agile in developing local solutions to their customers.
Furthermore, the investment will serve the "strengthening logistics capacity, improving and optimizing warehouse distribution systems that exist today."
A third area is the "improvement of the manufacturing area, ensuring the plant meets the highest standards of quality and production demands of Mexican industry."
It also will improve the "business area, ensuring a greater presence of the products in the Mexican market," the company said in a statement.
In 2007, Team Brothers teamed up with Tron, a company with more than 100 years in the Mexican market, which allowed him to have a presence in that country through its two business units: consumer goods and "food service".
This new investment reaffirms our commitment to Mexico and allows us to serve the best to our customers, suppliers and partners," said Team President, Luis Alberto Botero.
He added that "the company is poised to meet market needs through a modern refinery with a local team prepared that lets you make contacts for raw materials handling and logistics, establishing itself as a multi-domestic company."
Team is a company with a history of more than 50 years in the food sector and has plants in Chile, Mexico and Colombia, in addition to reaching more than 25 countries including the United States . (With information from agencies / GCE)
http://www.tibesarealty.com.mx/
www.tibesarealty.com.mx/wordpress/
Business - Friday, March 18, 2011 (20:12 hrs)
•Team made the investment , a means of one of its subsidiaries
The online Financial
Bogotá, March 18 .- The Colombian company Team, a leading food industry (vegetable fats and oils), announced today it will invest $ 21 million in Mexico .
The investment will be made through one of its subsidiaries and jointly with the member of Team in Mexico, will aim to strengthen its U.S. business in that country.
The capital will be invested to improve the platform for research and development Team, by building laboratories that will allow the company to be more agile in developing local solutions to their customers.
Furthermore, the investment will serve the "strengthening logistics capacity, improving and optimizing warehouse distribution systems that exist today."
A third area is the "improvement of the manufacturing area, ensuring the plant meets the highest standards of quality and production demands of Mexican industry."
It also will improve the "business area, ensuring a greater presence of the products in the Mexican market," the company said in a statement.
In 2007, Team Brothers teamed up with Tron, a company with more than 100 years in the Mexican market, which allowed him to have a presence in that country through its two business units: consumer goods and "food service".
This new investment reaffirms our commitment to Mexico and allows us to serve the best to our customers, suppliers and partners," said Team President, Luis Alberto Botero.
He added that "the company is poised to meet market needs through a modern refinery with a local team prepared that lets you make contacts for raw materials handling and logistics, establishing itself as a multi-domestic company."
Team is a company with a history of more than 50 years in the food sector and has plants in Chile, Mexico and Colombia, in addition to reaching more than 25 countries including the United States . (With information from agencies / GCE)
http://www.tibesarealty.com.mx/
www.tibesarealty.com.mx/wordpress/
Spain Readies Investments in Mexico
Spain readies investments in Mexico
Business - Sunday, March 20, 2011 (10:42 hrs)
•The construction company is also looking OHL Brazil and Chile
The online Financial
Madrid, 20 marzo.-OHL construction group maintains its commitment to Latin America, a region that generates 84% of its gross operating profit (EBITDA), and places emphasis on Brazil, Mexico, Chile, Peru and Colombia, "big five countries" in seeking to build, operate and finance transport infrastructure.
In an interview, company president, Juan Miguel Villar Mir, emphasized that OHL is a growing international company, a "way of life bound" by the shortfall experienced by the infrastructure market in Spain.
Villar Mir is OHL stresses that "the seventh concession of the world and first in Latin America" in the business of infrastructure concessions.
In the Brazilian market, the group has 3 000 226 kilometers of toll roads in operation, "most of which have any Brazilian company" and above "all the miles of toll highways in Spain," says Villar Mir.
In Mexico, OHL is "the largest investor in infrastructure, particularly in toll roads and airports."
The group builds toll roads in Chile and Peru, while Colombia elects to several contracts.
Villar Mir said that Brazil and Mexico are "the two countries for the group in Latin America, where OHL is the first Spanish construction firm with subsidiaries listed on stock exchange in Sao Paulo and Mexico City.
"With the importance of investments, I would forever be considered Brazilian, in addition to Spanish, and OHL is considered to be forever in Brazil a Brazilian company," says the entrepreneur.
The Spanish company grouped the concession of highways in the country was in a company, OHL Brasil, which went public in 2005 and which participates with 60% along with other Brazilian partners. Currently the number of dealerships OHL in Brazil reaches nine.
"Today we have 6,000 people working in OHL Brasil, all national, there is not a single Spanish," said the president.
Subsequently, in November 2010, OHL performed the same operation in Mexico, with the release of OHL Mexico, where the group controls 70% of the capital.
"I like to be considered Mexican in Mexico, since my commitment to this country is absolutely permanent, unlimited time," he recalls.
According to Villar Mir, the two countries are part of the emerging group, which has best withstood the global financial crisis, unlike developed countries.
At this point, remember that global growth exceeded 4% in 2010, making it the fourth best year in the last three decades, thanks to the boost from emerging countries like China (9%), India (8%) Brazil (7%) and Mexico (6%). (With information from agencies / REL)
http://www.tibesarealty.com.mx/
www.tibesarealty.com.mx/wordpress/
Business - Sunday, March 20, 2011 (10:42 hrs)
•The construction company is also looking OHL Brazil and Chile
The online Financial
Madrid, 20 marzo.-OHL construction group maintains its commitment to Latin America, a region that generates 84% of its gross operating profit (EBITDA), and places emphasis on Brazil, Mexico, Chile, Peru and Colombia, "big five countries" in seeking to build, operate and finance transport infrastructure.
In an interview, company president, Juan Miguel Villar Mir, emphasized that OHL is a growing international company, a "way of life bound" by the shortfall experienced by the infrastructure market in Spain.
Villar Mir is OHL stresses that "the seventh concession of the world and first in Latin America" in the business of infrastructure concessions.
In the Brazilian market, the group has 3 000 226 kilometers of toll roads in operation, "most of which have any Brazilian company" and above "all the miles of toll highways in Spain," says Villar Mir.
In Mexico, OHL is "the largest investor in infrastructure, particularly in toll roads and airports."
The group builds toll roads in Chile and Peru, while Colombia elects to several contracts.
Villar Mir said that Brazil and Mexico are "the two countries for the group in Latin America, where OHL is the first Spanish construction firm with subsidiaries listed on stock exchange in Sao Paulo and Mexico City.
"With the importance of investments, I would forever be considered Brazilian, in addition to Spanish, and OHL is considered to be forever in Brazil a Brazilian company," says the entrepreneur.
The Spanish company grouped the concession of highways in the country was in a company, OHL Brasil, which went public in 2005 and which participates with 60% along with other Brazilian partners. Currently the number of dealerships OHL in Brazil reaches nine.
"Today we have 6,000 people working in OHL Brasil, all national, there is not a single Spanish," said the president.
Subsequently, in November 2010, OHL performed the same operation in Mexico, with the release of OHL Mexico, where the group controls 70% of the capital.
"I like to be considered Mexican in Mexico, since my commitment to this country is absolutely permanent, unlimited time," he recalls.
According to Villar Mir, the two countries are part of the emerging group, which has best withstood the global financial crisis, unlike developed countries.
At this point, remember that global growth exceeded 4% in 2010, making it the fourth best year in the last three decades, thanks to the boost from emerging countries like China (9%), India (8%) Brazil (7%) and Mexico (6%). (With information from agencies / REL)
http://www.tibesarealty.com.mx/
www.tibesarealty.com.mx/wordpress/
viernes, 18 de marzo de 2011
Mexican Riviera Maya Receive $ 1,300 Million Dollars In Tourism Development in 2011
Riviera Maya will receive 1.300 million dollars in tourism development in 2011
17/03/2011 17:23
Several hotel chains will invest more than 1.300 million dollars (million dollars) this year in building new resorts and golf courses in the Riviera Maya, Quintana Roo.
Dario Flota, director general of the Tourism Promotion Trust, said the Spanish company OHL will begin this year the second phase expansion project in Mayakoba with a golf course.
Also begin construction of a 500-acre resort called Kanaya, which will be used only five acres to build 2,500 rooms in hotel chains such as St. Regis and W hotels, among others, and two golf courses.
In addition, Meliá Hotels opened at the end of year two Paradisus hotels, a resort with 1,000 rooms in Playa del Carmen.
Dario Flota, said he does not have the exact number of investments starting this year, but "only in Maya Koba the amount is close to 1.000 million dollars, and the project amounted to 360 million dollars Kanai.
He insisted that capture this year 3.5 million tourists from the 3 million who arrived last year. (El Universal
17/03/2011 17:23
Several hotel chains will invest more than 1.300 million dollars (million dollars) this year in building new resorts and golf courses in the Riviera Maya, Quintana Roo.
Dario Flota, director general of the Tourism Promotion Trust, said the Spanish company OHL will begin this year the second phase expansion project in Mayakoba with a golf course.
Also begin construction of a 500-acre resort called Kanaya, which will be used only five acres to build 2,500 rooms in hotel chains such as St. Regis and W hotels, among others, and two golf courses.
In addition, Meliá Hotels opened at the end of year two Paradisus hotels, a resort with 1,000 rooms in Playa del Carmen.
Dario Flota, said he does not have the exact number of investments starting this year, but "only in Maya Koba the amount is close to 1.000 million dollars, and the project amounted to 360 million dollars Kanai.
He insisted that capture this year 3.5 million tourists from the 3 million who arrived last year. (El Universal
Inauguration Resort In San Miguel de Allende
Inauguration resort in San Miguel de Allende
Business - Wednesday, March 16, 2011 (10:59 hrs)
•Emphasize that generate at least 300 jobs
The Financial in line
Mexico , 16 March .- The President Felipe Calderón inaugurated yesterday in this city the hotel and residences Artisan Rosewood, which involved an investment of 250 million of U.S. dollars and will generate 300 jobs directly and thousands indirectly .
The president stressed that this development is to strengthen the city as a world class destination.
This, he said, a beautiful resort, which extends the grounds not only for visiting San Miguel de Allende, Guanajuato, but in general and the Mexican Bajio.
"This tourist complex is also important for people in San Miguel de Allende, it generated nearly a thousand jobs during construction and will offer permanent jobs and 300 indirect jobs Guanajuato, perhaps, a few thousand more.
The president stressed that this city is a magnet for tourists, for its buildings of great historical value, its church, before cathedral parish, for its vast cultural heritage and especially the warmth and hospitality of its people.
Felipe Calderon said that tourism accounts for 9 percent of gross domestic product of Mexico is the third largest source of foreign exchange, the sector generates about 2.5 million direct jobs and in some communities is the activity that sustains the entire population .
Mexico said today, according to the World Tourism Organization, tourism is the tenth largest in the world. "In 2010 we received 22 million international visitors, not counting the nearly seven million tourist arrivals by cruise ship and not counting the 49 million visitors who crossed the border with Mexico and had a stay of less than one day. That is, a visited country in the year 2010, almost 70, more than 70 million people. "
The goal is to turn Mexico into the fifth most visited country in the world by 2018.
To do so, reported the National Accord was signed by Tourism and consequently, in 2010 was channeled to the sector around four billion pesos, which is three times more than was invested in 2006. This year, the budget increased 22 percent.
"In tourism infrastructure we have invested 15 thousand 250 million pesos, three times as exercised in the past six years thanks to the addition of resources from federal, state and municipal levels in four years has invested in over 435 Guanajuato million in tourism infrastructure, 70 percent more than was spent before, not counting more than one billion invested in the Bicentennial Expo, an expo that had a spill of more than three billion dollars and we hope that soon, soon, we can reopen again, "he said. (With information from Luciano Vázquez / CFE)
http://www.tibesarealty.com.mx/
www.tibesarealty.com.mx/wordpress/
Business - Wednesday, March 16, 2011 (10:59 hrs)
•Emphasize that generate at least 300 jobs
The Financial in line
Mexico , 16 March .- The President Felipe Calderón inaugurated yesterday in this city the hotel and residences Artisan Rosewood, which involved an investment of 250 million of U.S. dollars and will generate 300 jobs directly and thousands indirectly .
The president stressed that this development is to strengthen the city as a world class destination.
This, he said, a beautiful resort, which extends the grounds not only for visiting San Miguel de Allende, Guanajuato, but in general and the Mexican Bajio.
"This tourist complex is also important for people in San Miguel de Allende, it generated nearly a thousand jobs during construction and will offer permanent jobs and 300 indirect jobs Guanajuato, perhaps, a few thousand more.
The president stressed that this city is a magnet for tourists, for its buildings of great historical value, its church, before cathedral parish, for its vast cultural heritage and especially the warmth and hospitality of its people.
Felipe Calderon said that tourism accounts for 9 percent of gross domestic product of Mexico is the third largest source of foreign exchange, the sector generates about 2.5 million direct jobs and in some communities is the activity that sustains the entire population .
Mexico said today, according to the World Tourism Organization, tourism is the tenth largest in the world. "In 2010 we received 22 million international visitors, not counting the nearly seven million tourist arrivals by cruise ship and not counting the 49 million visitors who crossed the border with Mexico and had a stay of less than one day. That is, a visited country in the year 2010, almost 70, more than 70 million people. "
The goal is to turn Mexico into the fifth most visited country in the world by 2018.
To do so, reported the National Accord was signed by Tourism and consequently, in 2010 was channeled to the sector around four billion pesos, which is three times more than was invested in 2006. This year, the budget increased 22 percent.
"In tourism infrastructure we have invested 15 thousand 250 million pesos, three times as exercised in the past six years thanks to the addition of resources from federal, state and municipal levels in four years has invested in over 435 Guanajuato million in tourism infrastructure, 70 percent more than was spent before, not counting more than one billion invested in the Bicentennial Expo, an expo that had a spill of more than three billion dollars and we hope that soon, soon, we can reopen again, "he said. (With information from Luciano Vázquez / CFE)
http://www.tibesarealty.com.mx/
www.tibesarealty.com.mx/wordpress/
martes, 15 de marzo de 2011
Mexican Developers Looking To Canada For Buyers
Mexico Developers Looking to Canada for Buyers
Posted in Real Estate on April 06, 2010 by Kevin Brass
Mareazul , Coral's project on Grand Riviera Maya
With the United States still wallowing in the blahs, Mexico developers are allocating more resources to target Canadian second home buyers.
Although difficult to quantify, project managers say the Canadian snow birds are bouncing back quicker than other buyers. Canadians also seem more willing to pull the trigger on a sale, un-encumbered by the recent economic nightmares haunting U.S. buyers, developers say.
For example, on the southern tip of Baja California, 25 percent of thesecond home buyers in Puerto Los Cabos, a 2,000-acre marina and resort project, have been from Canada, according to Grupo Questro, the Mexican developer. In recent months builders in the Cabo San Lucas-area have specifically bulked up their marketing budgets to Calgary and Vancouver, a spokesman says.
Similar stories can be found in most Mexican resorts, which are trying to fight back after a year of intense coverage of horrific drug-related violence and various disasters, both man-made and natural.
Sarah Cox
Last week, Sarah Cox, who specializes in international sales for Grupo Grand Coral Riviera Maya, a developer with a series of gringo-oriented projects on Riviera Maya, participated in the Mexico Living Expo, an exhibition in Vancouver. In an e-mail interview, she discussed the "Canadian effect."
What kind of people were you seeing? Serious buyers? Lookie Lous?
A lot of area brokers were asking about listing our properties. We had several very serious buyers that will be visiting within the month, and a few “lookie lous.” Everyone was interested, but some knew they wanted Playa del Carmen while others were undecided as to where in Mexico they would like to go.
What surprised you about the event?
In spite of the latest negative news going out about drug crimes in Mexico, people still had a favorable view of Mexico and were not afraid to visit or invest.
What did people want to know about Mexico?
People asked a lot about health care and safety. They wanted to know the statistics for growth in the region. How rentable would their property be when they were not using it? And how complicated it is to let someone else manage the property for them?
How important is Canada as a market to you these days? What percentage of your buyers is from Canada?
Very important. I’ve seen the market very strong and people have the money to invest in a winter vacation/investment property. Canadians as a whole have been looking in the price range of $300,000 to $500,000, which might mean going away from a beachfront in exchange for a golf property that includes private beach club membership. From our latest golf property, Nick Price Residences, 50 percent of the owners are from Canada. From our beachfront property, maybe 15 percent is from Canada (starting from low $600s.)
How has your marketing approach changed in the last year?
We are focusing more in meeting the people where they are. In other words, participating in real estate expos, networking with the local broker community, or reaching out with local brokers to their contacts in Canada.
How would you describe the mindset of the attendees toward Mexico?
Positive in spite of recent news. Canadians really like the cultural and language aspect, high interest in submersion and cultural programs. Mexico seems to be the buzz of Canada, and more when it’s very cold!
What is your biggest challenge pitching Mexico these days? How do you over come it?
Security. I overcome it with a map that shows distances between “trouble” zones and tourist zones, and we’re talking days away.
What did you learn from the event?
Canadians will keep coming to Mexico and favor it as a resort destination over various U.S. locations (Florida or Arizona, for example.)
http://www.tibesarealty.com.mx/
www.tibesarealty.com.mx/wordpress/
Posted in Real Estate on April 06, 2010 by Kevin Brass
Mareazul , Coral's project on Grand Riviera Maya
With the United States still wallowing in the blahs, Mexico developers are allocating more resources to target Canadian second home buyers.
Although difficult to quantify, project managers say the Canadian snow birds are bouncing back quicker than other buyers. Canadians also seem more willing to pull the trigger on a sale, un-encumbered by the recent economic nightmares haunting U.S. buyers, developers say.
For example, on the southern tip of Baja California, 25 percent of thesecond home buyers in Puerto Los Cabos, a 2,000-acre marina and resort project, have been from Canada, according to Grupo Questro, the Mexican developer. In recent months builders in the Cabo San Lucas-area have specifically bulked up their marketing budgets to Calgary and Vancouver, a spokesman says.
Similar stories can be found in most Mexican resorts, which are trying to fight back after a year of intense coverage of horrific drug-related violence and various disasters, both man-made and natural.
Sarah Cox
Last week, Sarah Cox, who specializes in international sales for Grupo Grand Coral Riviera Maya, a developer with a series of gringo-oriented projects on Riviera Maya, participated in the Mexico Living Expo, an exhibition in Vancouver. In an e-mail interview, she discussed the "Canadian effect."
What kind of people were you seeing? Serious buyers? Lookie Lous?
A lot of area brokers were asking about listing our properties. We had several very serious buyers that will be visiting within the month, and a few “lookie lous.” Everyone was interested, but some knew they wanted Playa del Carmen while others were undecided as to where in Mexico they would like to go.
What surprised you about the event?
In spite of the latest negative news going out about drug crimes in Mexico, people still had a favorable view of Mexico and were not afraid to visit or invest.
What did people want to know about Mexico?
People asked a lot about health care and safety. They wanted to know the statistics for growth in the region. How rentable would their property be when they were not using it? And how complicated it is to let someone else manage the property for them?
How important is Canada as a market to you these days? What percentage of your buyers is from Canada?
Very important. I’ve seen the market very strong and people have the money to invest in a winter vacation/investment property. Canadians as a whole have been looking in the price range of $300,000 to $500,000, which might mean going away from a beachfront in exchange for a golf property that includes private beach club membership. From our latest golf property, Nick Price Residences, 50 percent of the owners are from Canada. From our beachfront property, maybe 15 percent is from Canada (starting from low $600s.)
How has your marketing approach changed in the last year?
We are focusing more in meeting the people where they are. In other words, participating in real estate expos, networking with the local broker community, or reaching out with local brokers to their contacts in Canada.
How would you describe the mindset of the attendees toward Mexico?
Positive in spite of recent news. Canadians really like the cultural and language aspect, high interest in submersion and cultural programs. Mexico seems to be the buzz of Canada, and more when it’s very cold!
What is your biggest challenge pitching Mexico these days? How do you over come it?
Security. I overcome it with a map that shows distances between “trouble” zones and tourist zones, and we’re talking days away.
What did you learn from the event?
Canadians will keep coming to Mexico and favor it as a resort destination over various U.S. locations (Florida or Arizona, for example.)
http://www.tibesarealty.com.mx/
www.tibesarealty.com.mx/wordpress/
Energy Bank In Baja California Mexico Will Receive $4 Billion Dollars
Energy bank will receive 4.000 million dollars
The company Rubenius implemented in Baja California the largest bank in the world power, the company will install and operate a storage and regulation of renewable energy.
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Cancun, Quintana Roo (Sports Network) - The company Rubenius will invest 4.000 million dollars in Mexico , to be exercised in the next 7 years and help to implement the bank's largest power in the world , which is located in Mexicali, Baja California, said Wednesday the president Felipe Calderón.
As part of the 16 Conference of the Parties to the Framework Convention on Climate Change (COP16) was announced that the company Rubenius , based in Dubai, UAE, install and operate a storage and regulation of energy produced in a sustainable manner .
Calderón announced that the project will store the energy generated by renewable sources and deliver it to consumers when they need it, so it is of utmost importance because it is electricity produced from unconventional sources.
President Felipe Calderón recalled that the great "pending" to renewable energy is intermittent, and a wind generator, for example, only generates electricity when it is windy , and a client, an industry or a house can not depend on such factors to generate power permanently.
Renewable energy, he added, requires a backup to the time when the wind stops blowing or the sun have to be replaced by a backup routine, which involves and encourages these issues.
He stressed that the success of the company in question is to be developed with Japanese technology, these massive batteries that are installed on a strategic site in Mexicali allow you to store the energy generated there , mainly with other renewable sources to produce more energy this type.
He stressed that this can be achieved only to the extent that there should be an energy storage facility the size Rubenius installed in the country, which will also generate a change in the electricity markets both in Mexico and California , in United States, which are directed to renewable energy.
President Calderon also confirmed that from next year all mortgages Institute's National Housing Fund for Workers (Infonavit) will be awarded on the basis that the buildings have ecological characteristics .
He mentioned that, so next year between 500,000 and 600,000 mortgages that will give the Institute shall be conditioned on the house has energy-saving fixtures in Mexico , either solar water heaters or water-saving faucets, among other things.
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The company Rubenius implemented in Baja California the largest bank in the world power, the company will install and operate a storage and regulation of renewable energy.
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Cancun, Quintana Roo (Sports Network) - The company Rubenius will invest 4.000 million dollars in Mexico , to be exercised in the next 7 years and help to implement the bank's largest power in the world , which is located in Mexicali, Baja California, said Wednesday the president Felipe Calderón.
As part of the 16 Conference of the Parties to the Framework Convention on Climate Change (COP16) was announced that the company Rubenius , based in Dubai, UAE, install and operate a storage and regulation of energy produced in a sustainable manner .
Calderón announced that the project will store the energy generated by renewable sources and deliver it to consumers when they need it, so it is of utmost importance because it is electricity produced from unconventional sources.
President Felipe Calderón recalled that the great "pending" to renewable energy is intermittent, and a wind generator, for example, only generates electricity when it is windy , and a client, an industry or a house can not depend on such factors to generate power permanently.
Renewable energy, he added, requires a backup to the time when the wind stops blowing or the sun have to be replaced by a backup routine, which involves and encourages these issues.
He stressed that the success of the company in question is to be developed with Japanese technology, these massive batteries that are installed on a strategic site in Mexicali allow you to store the energy generated there , mainly with other renewable sources to produce more energy this type.
He stressed that this can be achieved only to the extent that there should be an energy storage facility the size Rubenius installed in the country, which will also generate a change in the electricity markets both in Mexico and California , in United States, which are directed to renewable energy.
President Calderon also confirmed that from next year all mortgages Institute's National Housing Fund for Workers (Infonavit) will be awarded on the basis that the buildings have ecological characteristics .
He mentioned that, so next year between 500,000 and 600,000 mortgages that will give the Institute shall be conditioned on the house has energy-saving fixtures in Mexico , either solar water heaters or water-saving faucets, among other things.
http://www.tibesarealty.com.mx/
www.tibesarealty.com.mx/wordpress/
Iberdrola Will Build $320 Million Dollars Power Plant in Guanajuato Mexico
Iberdrola will build $320 million dollars power plant in Guanajuato
01/03/2011 01:07
The Spanish energy group Iberdrola won the bid to build a power plant in Mexico for $ 320 million, said the Spanish company in a statement.
Iberdrola has been awarded a turnkey contract in Mexico for the construction and operation of a cogeneration plant of 430 megawatts (MW) capacity in the town of Salamanca in Guanajuato, for $320 million dollars.
The contract, in whose tender participated other seven groups, includes the construction of 'a compacted substation and eight transmission power lines of 230 kilovolt (kV).
Estimated time to complete the works to be carried out 'in the facilities of the refinery Pemex has in Salamanca, is 29 months, said the Spanish company.
Iberdrola obtained in 2010 a net rising profit of 1.7% of up to $2.870 billion Euros, after shedding non-strategic assets to be reoriented towards high growth markets like Brazil.
In Mexico, the Spanish company began operations in 2001 and since then has accumulated contracts worth about $2.5 billion dollars. (El Economist)
http://www.tibesarealty.com.mx/
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01/03/2011 01:07
The Spanish energy group Iberdrola won the bid to build a power plant in Mexico for $ 320 million, said the Spanish company in a statement.
Iberdrola has been awarded a turnkey contract in Mexico for the construction and operation of a cogeneration plant of 430 megawatts (MW) capacity in the town of Salamanca in Guanajuato, for $320 million dollars.
The contract, in whose tender participated other seven groups, includes the construction of 'a compacted substation and eight transmission power lines of 230 kilovolt (kV).
Estimated time to complete the works to be carried out 'in the facilities of the refinery Pemex has in Salamanca, is 29 months, said the Spanish company.
Iberdrola obtained in 2010 a net rising profit of 1.7% of up to $2.870 billion Euros, after shedding non-strategic assets to be reoriented towards high growth markets like Brazil.
In Mexico, the Spanish company began operations in 2001 and since then has accumulated contracts worth about $2.5 billion dollars. (El Economist)
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Mexico Consolidates as The Major Point Of Global Mining Investment
Mexico consolidates as the major point of global mining investment
09/03/2011 21:31
According to the 2010 report from Metals Economics Group (MEG), one of the most respected in the industry, the country emerged as an important magnet for investment in Latin America, and the fourth worldwide in mining.
The government of Mexico celebrates in Toronto the Mexican Mining Day, as part of the PDAC International Mining Exhibition, held this week and will have the chance to brag about the mining potential Mexico has among more than 7,000 entrepreneurs.
Last year, Mexico received funds from abroad for $4.4 billion dollars in this sector.
According to data from reports of the Mexican Secretariat of Economy (SE) between 2003 and 2010 mineral exports were growing at an average rate of 22%.
Mexico currently stands in the first 12 positions in production of 18 minerals, among which are gold and silver.
Between 2011 and 2012 new mining projects will start, most notably El Boleo, in South Baja California, Palmarejo, Dolores and Pinos Altos in Chihuahua and Solar Mine in Sonora.
These data rule out any impact for Mexico despite the recent decline in competitiveness reported by The Fraser Institute, warned that insecurity as a problem for the sector, according to representatives of the SE.
http://www.tibesarealty.com.mx/
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09/03/2011 21:31
According to the 2010 report from Metals Economics Group (MEG), one of the most respected in the industry, the country emerged as an important magnet for investment in Latin America, and the fourth worldwide in mining.
The government of Mexico celebrates in Toronto the Mexican Mining Day, as part of the PDAC International Mining Exhibition, held this week and will have the chance to brag about the mining potential Mexico has among more than 7,000 entrepreneurs.
Last year, Mexico received funds from abroad for $4.4 billion dollars in this sector.
According to data from reports of the Mexican Secretariat of Economy (SE) between 2003 and 2010 mineral exports were growing at an average rate of 22%.
Mexico currently stands in the first 12 positions in production of 18 minerals, among which are gold and silver.
Between 2011 and 2012 new mining projects will start, most notably El Boleo, in South Baja California, Palmarejo, Dolores and Pinos Altos in Chihuahua and Solar Mine in Sonora.
These data rule out any impact for Mexico despite the recent decline in competitiveness reported by The Fraser Institute, warned that insecurity as a problem for the sector, according to representatives of the SE.
http://www.tibesarealty.com.mx/
www.tibesarealty.com.mx/wordpress/
With an Investment of $1.5 Billion Dollars the Segment of Industrial Parls Will Be Reactived in 2011 in Mexico
With an investment of $1.5 billion dollars the segment of industrial parks will be reactivated in 2011.
17/02/2011 14:48
After the crisis faced by the industrial parks in 2009 and the first half of 2010, the industry awaits a positive panorama, as it provides an investment of over $1.5 billion dollars this year, said Mexican Association of Private Industrial Parks (AMPIP).
Despite progress, still not reach the level of investment that was before the crisis, according to a survey of AMPIP among its members, it was about $2 billion dollars and reached up to 50% decrease in 2009.
Current need in the country is focused on developing Distribution Centers (Cedis) in the center and southeast, so it is expected that these are having a greater development.
Among the factors that trigger these projects are the U.S. recovery, the growth of the Mexican economy, in addition to the placement of resources in the Mexican Stock Exchange under the scheme of Development Capital Certificates (CKDs), made by AMB Mexico and Prudential Real Estate Investors, members of AMPIP, which together put about $460 million dollars in 2010.
AMPIP recalled the beginning of very specific projects, such as the Volkswagen engine plant in Silao, Guanajuato, one of the parks of the association, with an investment of $550 million dollars in the first stage, or production plant Learjet 850 of Bombardier, with $250 million dollars in the Vesta in Queretaro Aerospace Park last year, 'factors that will help the sector continue uphill.' (T21)
http://www.tibesarealty.com.mx/
www.tibesarealty.com.mx/wordpress/
17/02/2011 14:48
After the crisis faced by the industrial parks in 2009 and the first half of 2010, the industry awaits a positive panorama, as it provides an investment of over $1.5 billion dollars this year, said Mexican Association of Private Industrial Parks (AMPIP).
Despite progress, still not reach the level of investment that was before the crisis, according to a survey of AMPIP among its members, it was about $2 billion dollars and reached up to 50% decrease in 2009.
Current need in the country is focused on developing Distribution Centers (Cedis) in the center and southeast, so it is expected that these are having a greater development.
Among the factors that trigger these projects are the U.S. recovery, the growth of the Mexican economy, in addition to the placement of resources in the Mexican Stock Exchange under the scheme of Development Capital Certificates (CKDs), made by AMB Mexico and Prudential Real Estate Investors, members of AMPIP, which together put about $460 million dollars in 2010.
AMPIP recalled the beginning of very specific projects, such as the Volkswagen engine plant in Silao, Guanajuato, one of the parks of the association, with an investment of $550 million dollars in the first stage, or production plant Learjet 850 of Bombardier, with $250 million dollars in the Vesta in Queretaro Aerospace Park last year, 'factors that will help the sector continue uphill.' (T21)
http://www.tibesarealty.com.mx/
www.tibesarealty.com.mx/wordpress/
Bombardier Will Assemble Aircraft In Queretato Mexico For NetJets Inc.
Bombardier will assemble aircraft in Queretaro for NetJets Inc.
15/03/2011 06:07
Bombadier Aerospace reported that will perform the best-selling of aircraft in its history, thanks to the request of the firm NetJets Inc., which consists of 50 business aircraft type Global with option to purchase additional aircraft.
Production will be held in Queretaro and the transaction is valued at $2.8 billion dollars, according to the price lists of the company.
This purchase order consists of 30 aircraft Global 5000 Vision and Global Express XRS Vision and deliveries are expected to start from the fourth quarter of 2012.
The sale also includes 20 orders for the recently launched Global 7000 and Global 8000. Delivery of these aircraft will be in 2017.
In the Commercial Aircraft Market Forecast, Bombardier, released mid last year, it is estimated that business aviation industry in Latin America will deliver 775 aircraft during the next ten years, between 2010 and 2019.
According to the company, the aircraft Challenger Series 600 and Challenger 605 jet are leaders in their category in Mexico and Latin America, with market shares above 48% and 55% respectively. (Excelsior
http://www.tibesarealty.com.mx/
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15/03/2011 06:07
Bombadier Aerospace reported that will perform the best-selling of aircraft in its history, thanks to the request of the firm NetJets Inc., which consists of 50 business aircraft type Global with option to purchase additional aircraft.
Production will be held in Queretaro and the transaction is valued at $2.8 billion dollars, according to the price lists of the company.
This purchase order consists of 30 aircraft Global 5000 Vision and Global Express XRS Vision and deliveries are expected to start from the fourth quarter of 2012.
The sale also includes 20 orders for the recently launched Global 7000 and Global 8000. Delivery of these aircraft will be in 2017.
In the Commercial Aircraft Market Forecast, Bombardier, released mid last year, it is estimated that business aviation industry in Latin America will deliver 775 aircraft during the next ten years, between 2010 and 2019.
According to the company, the aircraft Challenger Series 600 and Challenger 605 jet are leaders in their category in Mexico and Latin America, with market shares above 48% and 55% respectively. (Excelsior
http://www.tibesarealty.com.mx/
wwww.tibesarealty.com.mx/wordpress/
viernes, 11 de marzo de 2011
Foreign Direct Investment, Commercial Real Estate, and Hotel Development in Mexico City
Foreign Direct Investment, Commercial Real Estate, and Hotel Development in Mexico City.
By Luigi Major, Raul Duarte and Richard J. Katzman
Friday, 11th March 2011
Mexico City is one of the most densely populated and developed urban areas in the world, how will rising foreign direct investment amplify the dynamics of the city’s office and lodging markets in the wake of the recent recession?
Mexico City’s office and lodging markets have gradually evolved over the last decade. Investment in the country has resulted in the arrival of new companies and the expansion of many already in operation.
This in turn has given rise to a growing Class A office market and increased demand for hotel accommodations.
This article examines the relationship between foreign direct investment, demand for office space, and lodging demand in Mexico City—one of the largest and most dynamic metropolitan centers in the world.
Foreign Direct Investment – A Key Economic Driver
On the world stage, many economic, political, and social developments in Mexico have been overshadowed by recent media attention focused on the government’s efforts to eliminate drug-trafficking violence in border regions of the country.
Yet in the past 16 years, Mexico’s political system has transitioned from one dominated since 1921 by one-party rule to an active multi-party democracy. Material changes to Mexico’s economy include the unilateral lowering of trade barriers and entrance into GATT (now the World Trade Organization) in 1986, the 1994 signing of the North American Free Trade Agreement (NAFTA), and the nation’s subsequent entrance into a similar free-trade accord with the European Union.
As shown in Figure 1, annual foreign direct investment in Mexico has grown dramatically since 1995, creating a backbone of industrial activity and supporting a trend toward job growth.
These developments were accompanied by other structural economic changes, including privatization of certain industries previously controlled by the government, as well as improvements in road and airport infrastructure.
Foreign direct investment decreased in Mexico in 2009, as was the case in nearly every Latin American country. Mexico’s economy fluctuates with that of the United States and was particularly hard-hit during the recent economic downturn. The loss of business and tourism in the months following the H1N1 outbreak in April of 2009 made things worse.
However, according to Mexico’s Secretary of the Economy, Foreign Direct Investment rose to $17.726 billion USD in 2010, representing a 16.6% increase from 2009. The same source reported that in 2010 the most attractive segments for foreign direct investment were manufacturing (59.7%), commerce (14.2%), financial services (13.8%), other services (7.6%), and other sectors (4.7%).1
This optimism is supported by Mexico’s leap in ranking on A.T. Kearney’s 2010 FDI Confidence Index. Despite declining oil production, media focus on drug-trafficking crime in limited areas of the country, and the worst recession since the 1930s, Mexico remains a popular location for light industry and U.S.-based companies looking to reduce costs. The manufacturing sector, overall employment, and commercial, retail, and tourism projects in the country have continued to grow during the past decade.
According to a report published by the Economic Commission for Latin America and the Caribbean in 2010, Mexico’s manufacturing and services sectors continue to receive the most foreign direct investment, at 49% and 42%, respectively. The manufacturing sector includes the production of metal products, machinery, and equipment and is closely tied to the U.S. economy, particularly the automotive industry. The services sector includes the financial, trade, healthcare, and hospitality industries, among others.
The impact of rising foreign direct investment has made its mark on the real estate sector as well. Industrial parks mirroring those across the U.S. border have been developed throughout northern and central Mexico, financed by both domestic and international investment funds and banks. Class A office buildings developed to international standards have multiplied, primarily in Mexico City, which remains the key financial and corporate center of the country.
Both industrial and office assets are part of sophisticated real estate capital markets, with mid- to long-term lease periods, often in U.S. dollars, also financed by both domestic and international investment funds and banks. Department-store-anchored regional shopping centers and grocery-anchored neighborhood centers have also increased in number to serve a growing middle class, which is gradually transitioning from employment in rural and informal sectors to NAFTA-related jobs in key economic corridors.
Private developers and dedicated government agencies have designed and implemented mechanisms allowing massive development of affordable and middle-income housing product, with the annual inventory also growing significantly over the last decade, providing start-up housing for young couples and families.
The rise in investment and economic activity has brought increased demand for business and leisure travel. Leisure travel continues to proliferate for many coastal and interior destinations within Mexico, which hosted over 22 million international visitors in 2010.1 This has given rise to the development of full-service, limited-service, and economy hotels throughout the country, with more set to follow in the coming years.
Tracking Office Space in Mexico City
Foreign direct investment, coupled with population growth and the broadening of the service sector, has resulted in a growing office market in Mexico City. Total available Class A office space increased from 672,273 square meters in 1995 to 3,087,197 square meters in 2009. This translates into an average annual compounded increase of 11.5%, or 172,423 square meters of additional office space each year.
Figure 2 below illustrates the amount of available and absorbed Class A office space from 1995 through the third quarter of 2010.
In the period from 2006 through the third quarter of 2010, vacancy rates remained below 10%. Vacancy rates are forecast to move slightly upward through 2014 as supply increases, which have been minimal over the past few years, continue to ramp up.
Over the past 20 years, office development in Mexico City has taken place along two key axes. The first, known as the Reforma to Santa Fé corridor, extends due west along Paseo de la Reforma from the old city center (Centro Histórico) through several office submarkets referred to as Reforma, Polanco, Lomas, Bosques de las Lomas, and Santa Fé. This corridor houses the majority of national and international corporate headquarters in the city, as well as most of its branded, full-service hotels. The second axis, which extends south from Centro Histórico, includes the Insurgentes and Perisur submarkets. Office hubs and a diverse, albeit smaller, supply of hotel assets are spread along this axis.
As of the third quarter of 2010, the Reforma to Santa Fé corridor housed 2.3 million square meters of Class A office space, equivalent to 76% of all Class A office space in Mexico City.
More foreign direct investment in Mexico has corresponded to an increase in office space, led by industrial growth in northern and central Mexico and a growing corporate presence in Mexico City. Approximately 951,000 square meters of office space were under construction in Mexico City as of the third quarter of 2010.2 This represents 30% of the existing supply of the city’s Class A office space.
The following chart illustrates the relationship between foreign direct investment and available office space in Mexico City since 1995, along with forecasts for 2010 through 2014.3
A More Detailed Review of the Reforma Submarket
Government initiatives and incentives to redevelop Paseo de la Reforma (the main roadway along the Reforma to Santa Fé corridor) have kindled interest among private real estate developers. Approximately 48% of the office space under construction in the city (457,000 square meters) will be located along Paseo de la Reforma from the area known as La Alameda Central near the Centro Histórico to the intersection of Paseo de la Reforma with Avenida Mariano Escobedo.
Within this same 3.5-kilometer corridor, an additional 231,000 square meters of office space have been proposed.
The amount of Class A office space under construction represents a 192% increase in supply over current 237,321 square meters in the Reforma district. The addition of office space proposed (i.e., not yet under construction) for this district would swell the rise to 290%. Since 1995, Mexico City has absorbed an average of approximately 171,000 square meters of Class A office space annually.
The forecasted increase of 951,000 square meters for the entire Mexico City area over the next five years should be largely absorbed as new businesses seek space in the city. Expected increases in supply should keep rental rates relatively stable in this market.
Figure 4 lists major office developments proposed for the Reforma submarket, and Figure 5 maps their locations.
Hotel Supply and Demand
Occupancy for hotels along Mexico City’s Reforma to Santa Fé Corridor has been relatively stable over the past 15 years, with the exception of the drop in 2009 caused by the effects of the recent recession and the H1N1 scare. Moreover, there is a strong correlation between the absorption of new hotel rooms and the increase in foreign direct investment and office inventory.
Lodging demand began to strengthen in September of 2009 and continued to improve into 2010. Lodging data for hotels along the Paseo de la Reforma corridor are presented in Figure 6 below.
These figures represent a very stable hotel market. The table above also illustrates that, since 1994, the corridor has absorbed an average of 48,000 room nights annually. Limited supply is expected throughout the city, which should aid the recovery of existing hotels. New supply anticipated for the Reforma and Santa Fé submarkets includes a 150-room Park Hyatt (currently on hold), a W Hotel (scheduled to open in 2013), and a Marriott Edition (expected to open mid-year 2011).
The Polanco hotel district has long been considered an especially attractive location given its proximity to prime office markets in the Lomas, Polanco, and Reforma submarkets. New hotels have come online in recent years to service demand created by the maturing Bosques de las Lomas and Santa Fé submarkets, which now house many commercial and financial headquarters.
During the 1990s, as hotel corridors spread from the city center toward the western suburbs, the Reforma to Santa Fé corridor seemed stalled. But the area provides a rare opportunity for development in one of the densest parts of Mexico City, where sites zoned for hotel development have become very hard to find. The corridor’s access to extensive public transportation, along with government revitalization efforts, has also encouraged new investments.
Most development in the Reforma to Santa Fé corridor centers on high-end office and residential projects, with few sites dedicated to the construction of hotel assets, whether free-standing or within mixed-use projects. In the mid-term, we expect the corridor’s lodging demand base to expand, allowing for existing hotels to achieve higher occupancy and command higher rates as proposed supply stabilizes.
Local and federal tourism authorities continue to promote leisure visitation to Mexico City both nationally and abroad, which has the potential to bolster weekend occupancy in a hotel market historically dominated by weeknights.
At the same time, the staggered delivery of new commercial developments over the next five years should further strengthen weekend demand, especially during peak seasons. Average rates should see a gradual rise with the concentration of higher-rated commercial demand.
Wrap-up
The Mexico City office and lodging market is in the midst of a renaissance. As foreign direct investment is forecast to continue to increase in Mexico, broader real estate development in the local market should benefit existing and future hotels in Mexico City. This factor, coupled with limited increases of hotel supply, should result in improving occupancies and average rates for area hotels, perhaps exceeding levels achieved prior to the economic recession of 2008/09.
http://www.tibesarealty.com.mx/
www.tibesarealty.com.mx/wordpress/
By Luigi Major, Raul Duarte and Richard J. Katzman
Friday, 11th March 2011
Mexico City is one of the most densely populated and developed urban areas in the world, how will rising foreign direct investment amplify the dynamics of the city’s office and lodging markets in the wake of the recent recession?
Mexico City’s office and lodging markets have gradually evolved over the last decade. Investment in the country has resulted in the arrival of new companies and the expansion of many already in operation.
This in turn has given rise to a growing Class A office market and increased demand for hotel accommodations.
This article examines the relationship between foreign direct investment, demand for office space, and lodging demand in Mexico City—one of the largest and most dynamic metropolitan centers in the world.
Foreign Direct Investment – A Key Economic Driver
On the world stage, many economic, political, and social developments in Mexico have been overshadowed by recent media attention focused on the government’s efforts to eliminate drug-trafficking violence in border regions of the country.
Yet in the past 16 years, Mexico’s political system has transitioned from one dominated since 1921 by one-party rule to an active multi-party democracy. Material changes to Mexico’s economy include the unilateral lowering of trade barriers and entrance into GATT (now the World Trade Organization) in 1986, the 1994 signing of the North American Free Trade Agreement (NAFTA), and the nation’s subsequent entrance into a similar free-trade accord with the European Union.
As shown in Figure 1, annual foreign direct investment in Mexico has grown dramatically since 1995, creating a backbone of industrial activity and supporting a trend toward job growth.
These developments were accompanied by other structural economic changes, including privatization of certain industries previously controlled by the government, as well as improvements in road and airport infrastructure.
Foreign direct investment decreased in Mexico in 2009, as was the case in nearly every Latin American country. Mexico’s economy fluctuates with that of the United States and was particularly hard-hit during the recent economic downturn. The loss of business and tourism in the months following the H1N1 outbreak in April of 2009 made things worse.
However, according to Mexico’s Secretary of the Economy, Foreign Direct Investment rose to $17.726 billion USD in 2010, representing a 16.6% increase from 2009. The same source reported that in 2010 the most attractive segments for foreign direct investment were manufacturing (59.7%), commerce (14.2%), financial services (13.8%), other services (7.6%), and other sectors (4.7%).1
This optimism is supported by Mexico’s leap in ranking on A.T. Kearney’s 2010 FDI Confidence Index. Despite declining oil production, media focus on drug-trafficking crime in limited areas of the country, and the worst recession since the 1930s, Mexico remains a popular location for light industry and U.S.-based companies looking to reduce costs. The manufacturing sector, overall employment, and commercial, retail, and tourism projects in the country have continued to grow during the past decade.
According to a report published by the Economic Commission for Latin America and the Caribbean in 2010, Mexico’s manufacturing and services sectors continue to receive the most foreign direct investment, at 49% and 42%, respectively. The manufacturing sector includes the production of metal products, machinery, and equipment and is closely tied to the U.S. economy, particularly the automotive industry. The services sector includes the financial, trade, healthcare, and hospitality industries, among others.
The impact of rising foreign direct investment has made its mark on the real estate sector as well. Industrial parks mirroring those across the U.S. border have been developed throughout northern and central Mexico, financed by both domestic and international investment funds and banks. Class A office buildings developed to international standards have multiplied, primarily in Mexico City, which remains the key financial and corporate center of the country.
Both industrial and office assets are part of sophisticated real estate capital markets, with mid- to long-term lease periods, often in U.S. dollars, also financed by both domestic and international investment funds and banks. Department-store-anchored regional shopping centers and grocery-anchored neighborhood centers have also increased in number to serve a growing middle class, which is gradually transitioning from employment in rural and informal sectors to NAFTA-related jobs in key economic corridors.
Private developers and dedicated government agencies have designed and implemented mechanisms allowing massive development of affordable and middle-income housing product, with the annual inventory also growing significantly over the last decade, providing start-up housing for young couples and families.
The rise in investment and economic activity has brought increased demand for business and leisure travel. Leisure travel continues to proliferate for many coastal and interior destinations within Mexico, which hosted over 22 million international visitors in 2010.1 This has given rise to the development of full-service, limited-service, and economy hotels throughout the country, with more set to follow in the coming years.
Tracking Office Space in Mexico City
Foreign direct investment, coupled with population growth and the broadening of the service sector, has resulted in a growing office market in Mexico City. Total available Class A office space increased from 672,273 square meters in 1995 to 3,087,197 square meters in 2009. This translates into an average annual compounded increase of 11.5%, or 172,423 square meters of additional office space each year.
Figure 2 below illustrates the amount of available and absorbed Class A office space from 1995 through the third quarter of 2010.
In the period from 2006 through the third quarter of 2010, vacancy rates remained below 10%. Vacancy rates are forecast to move slightly upward through 2014 as supply increases, which have been minimal over the past few years, continue to ramp up.
Over the past 20 years, office development in Mexico City has taken place along two key axes. The first, known as the Reforma to Santa Fé corridor, extends due west along Paseo de la Reforma from the old city center (Centro Histórico) through several office submarkets referred to as Reforma, Polanco, Lomas, Bosques de las Lomas, and Santa Fé. This corridor houses the majority of national and international corporate headquarters in the city, as well as most of its branded, full-service hotels. The second axis, which extends south from Centro Histórico, includes the Insurgentes and Perisur submarkets. Office hubs and a diverse, albeit smaller, supply of hotel assets are spread along this axis.
As of the third quarter of 2010, the Reforma to Santa Fé corridor housed 2.3 million square meters of Class A office space, equivalent to 76% of all Class A office space in Mexico City.
More foreign direct investment in Mexico has corresponded to an increase in office space, led by industrial growth in northern and central Mexico and a growing corporate presence in Mexico City. Approximately 951,000 square meters of office space were under construction in Mexico City as of the third quarter of 2010.2 This represents 30% of the existing supply of the city’s Class A office space.
The following chart illustrates the relationship between foreign direct investment and available office space in Mexico City since 1995, along with forecasts for 2010 through 2014.3
A More Detailed Review of the Reforma Submarket
Government initiatives and incentives to redevelop Paseo de la Reforma (the main roadway along the Reforma to Santa Fé corridor) have kindled interest among private real estate developers. Approximately 48% of the office space under construction in the city (457,000 square meters) will be located along Paseo de la Reforma from the area known as La Alameda Central near the Centro Histórico to the intersection of Paseo de la Reforma with Avenida Mariano Escobedo.
Within this same 3.5-kilometer corridor, an additional 231,000 square meters of office space have been proposed.
The amount of Class A office space under construction represents a 192% increase in supply over current 237,321 square meters in the Reforma district. The addition of office space proposed (i.e., not yet under construction) for this district would swell the rise to 290%. Since 1995, Mexico City has absorbed an average of approximately 171,000 square meters of Class A office space annually.
The forecasted increase of 951,000 square meters for the entire Mexico City area over the next five years should be largely absorbed as new businesses seek space in the city. Expected increases in supply should keep rental rates relatively stable in this market.
Figure 4 lists major office developments proposed for the Reforma submarket, and Figure 5 maps their locations.
Hotel Supply and Demand
Occupancy for hotels along Mexico City’s Reforma to Santa Fé Corridor has been relatively stable over the past 15 years, with the exception of the drop in 2009 caused by the effects of the recent recession and the H1N1 scare. Moreover, there is a strong correlation between the absorption of new hotel rooms and the increase in foreign direct investment and office inventory.
Lodging demand began to strengthen in September of 2009 and continued to improve into 2010. Lodging data for hotels along the Paseo de la Reforma corridor are presented in Figure 6 below.
These figures represent a very stable hotel market. The table above also illustrates that, since 1994, the corridor has absorbed an average of 48,000 room nights annually. Limited supply is expected throughout the city, which should aid the recovery of existing hotels. New supply anticipated for the Reforma and Santa Fé submarkets includes a 150-room Park Hyatt (currently on hold), a W Hotel (scheduled to open in 2013), and a Marriott Edition (expected to open mid-year 2011).
The Polanco hotel district has long been considered an especially attractive location given its proximity to prime office markets in the Lomas, Polanco, and Reforma submarkets. New hotels have come online in recent years to service demand created by the maturing Bosques de las Lomas and Santa Fé submarkets, which now house many commercial and financial headquarters.
During the 1990s, as hotel corridors spread from the city center toward the western suburbs, the Reforma to Santa Fé corridor seemed stalled. But the area provides a rare opportunity for development in one of the densest parts of Mexico City, where sites zoned for hotel development have become very hard to find. The corridor’s access to extensive public transportation, along with government revitalization efforts, has also encouraged new investments.
Most development in the Reforma to Santa Fé corridor centers on high-end office and residential projects, with few sites dedicated to the construction of hotel assets, whether free-standing or within mixed-use projects. In the mid-term, we expect the corridor’s lodging demand base to expand, allowing for existing hotels to achieve higher occupancy and command higher rates as proposed supply stabilizes.
Local and federal tourism authorities continue to promote leisure visitation to Mexico City both nationally and abroad, which has the potential to bolster weekend occupancy in a hotel market historically dominated by weeknights.
At the same time, the staggered delivery of new commercial developments over the next five years should further strengthen weekend demand, especially during peak seasons. Average rates should see a gradual rise with the concentration of higher-rated commercial demand.
Wrap-up
The Mexico City office and lodging market is in the midst of a renaissance. As foreign direct investment is forecast to continue to increase in Mexico, broader real estate development in the local market should benefit existing and future hotels in Mexico City. This factor, coupled with limited increases of hotel supply, should result in improving occupancies and average rates for area hotels, perhaps exceeding levels achieved prior to the economic recession of 2008/09.
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viernes, 4 de marzo de 2011
There Is Interest In Investing in Mexico Tourism Sector
There is interest in investing in the country's tourism sector
Written by Real eStrategy 2 Articles and Reports Mar 28, 2011 Mexican and foreign businessmen have expressed their interest in the Tourism Ministry to invest millions in Mexico this year in the construction of hotels in different destinations. They released the secretary Gloria Guevara, who revealed that three hotel chains in Spain, Barceló (who already has 13 hotels and will build two more), Ríu (who is 17 and in June, wants to open another in Guadalajara) and Melia (which is already investing in Quintana Roo), it formalized its intention to build at least four hotels in Mexico, while in La Paz, BC, a group of entrepreneurs, domestic and foreign, which perform an "investment without precedent "and Grupo Posadas Quintana Roo also prepares for the biggest investment of your story ... Guevara acknowledged that there is still no estimate of private investment in 2011 will reach the country, but anticipated to be much higher than last year. IPC said the new Fonatur in Teacapán, Sin., Has attracted much attention in the coming weeks and Spanish investors will come to an inspection visit in Nayarit, Sinaloa and other destinations to meet Fonatur projects.
In a mega project of La Paz, BC, a group of eight investors Mexican, Spanish and Americans who made an unprecedented investment ... over a period of 10 years will inject around 11 billion dollars. To these figures must be added 3 thousand 200 million pesos Sectur is intended for tourism infrastructure, and other amounts Fonatur manages to maintain its CIP.
Regarding the presidential decree declaring 2011 as the Year of Tourism, the head of the agency denied that it is a strategy to counter the image of insecurity that is in Mexico ... He also commented that the issues of insecurity, not hamper plans put Mexico among the top five tourist destinations in the world ... the figures speak for themselves: we have more than 22 million foreign visitors. The Bank of Mexico will publish the information soon, but the study suggests that we will reach that number, higher than the previous year and close to that of 2008.
Guevara dismissed that insecurity has forced some carriers to withdraw their cruise the Mexican coast. He said that Mexico receives more than 2 000 600 cruises a year with up to six million tourists each spent 30 to $ 40 ... After the U.S., Mexico is the second biggest cruise receives.
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Written by Real eStrategy 2 Articles and Reports Mar 28, 2011 Mexican and foreign businessmen have expressed their interest in the Tourism Ministry to invest millions in Mexico this year in the construction of hotels in different destinations. They released the secretary Gloria Guevara, who revealed that three hotel chains in Spain, Barceló (who already has 13 hotels and will build two more), Ríu (who is 17 and in June, wants to open another in Guadalajara) and Melia (which is already investing in Quintana Roo), it formalized its intention to build at least four hotels in Mexico, while in La Paz, BC, a group of entrepreneurs, domestic and foreign, which perform an "investment without precedent "and Grupo Posadas Quintana Roo also prepares for the biggest investment of your story ... Guevara acknowledged that there is still no estimate of private investment in 2011 will reach the country, but anticipated to be much higher than last year. IPC said the new Fonatur in Teacapán, Sin., Has attracted much attention in the coming weeks and Spanish investors will come to an inspection visit in Nayarit, Sinaloa and other destinations to meet Fonatur projects.
In a mega project of La Paz, BC, a group of eight investors Mexican, Spanish and Americans who made an unprecedented investment ... over a period of 10 years will inject around 11 billion dollars. To these figures must be added 3 thousand 200 million pesos Sectur is intended for tourism infrastructure, and other amounts Fonatur manages to maintain its CIP.
Regarding the presidential decree declaring 2011 as the Year of Tourism, the head of the agency denied that it is a strategy to counter the image of insecurity that is in Mexico ... He also commented that the issues of insecurity, not hamper plans put Mexico among the top five tourist destinations in the world ... the figures speak for themselves: we have more than 22 million foreign visitors. The Bank of Mexico will publish the information soon, but the study suggests that we will reach that number, higher than the previous year and close to that of 2008.
Guevara dismissed that insecurity has forced some carriers to withdraw their cruise the Mexican coast. He said that Mexico receives more than 2 000 600 cruises a year with up to six million tourists each spent 30 to $ 40 ... After the U.S., Mexico is the second biggest cruise receives.
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City Express Chain Hotels Spends #60 Million Pesos in Quintana Roo Mexico
City Express spends 60 million dollars in Quintana Roo
Written by Real eStrategy 2 Tourist Market Mar 2, 2011 In a ceremony presided over by Governor Felix Gonzalez Canto, Hotel City laid the foundation stone of City Express Chetumal. This will be the third hotel chain in Quintana Roo, as there is already a City Express brand and other brand City Junior, located in the city of Cancun.
For the construction of the new City Express Chetumal, which will feature 109 rooms, will be 60 million dollars and will help generate 300 indirect jobs in its construction stage and 20 directly during operation.
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Written by Real eStrategy 2 Tourist Market Mar 2, 2011 In a ceremony presided over by Governor Felix Gonzalez Canto, Hotel City laid the foundation stone of City Express Chetumal. This will be the third hotel chain in Quintana Roo, as there is already a City Express brand and other brand City Junior, located in the city of Cancun.
For the construction of the new City Express Chetumal, which will feature 109 rooms, will be 60 million dollars and will help generate 300 indirect jobs in its construction stage and 20 directly during operation.
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Generated $40,000 Million Dollars in 2018 in Mexico
National Agreement on tourism generated 40.000 million dollars in 2018
Written by Real eStrategy 2 Articles and Reports Mar 2, 2011 The National Agreement on Tourism generated U.S. $ 40.000 million (million dollars) for 2018 and 4 million jobs directly and indirectly 12 million, said President Felipe Calderón Hinojosa.
As part of signing the Agreement, detailing the 10 strategies and 110 actions for the country one of the top five destinations in the world in the next seven years. 1. Increase connectivity and increase the number of seats to enter the country by sea and land sky. 2. Build, maintain and improve the tourism infrastructure, we are committed to allocating step for road, port and airport. With an investment of 5% per year in infrastructure. 3. Strengthen Mexico's image nationally and internationally. 4. Encourage public and private investment through measures that encourage development of tourist destinations. 5. Raising the competitiveness of companies in the country to ensure the experience of visiting Mexico. 6. Diversify tourism destinations, because "Mexico is more than the beaches." 7. Encourage the creation of productive chains to improve the consumption of goods and services in the country. 8. Provide a better tourism through educational campaigns about the importance of tourism to the 112 million Mexicans are promoters of tourism. 9. Promote regulatory changes for the sector to enable development. 10. Promote sustainable development, especially energy savings.
For its part, Gloria Guevara, head of the Ministry of Tourism, said tourism accounts for between 7% and 8% of global revenue, according to figures from the World Tourism Organization, and Mexico that activity is the third source of income about 9% Bruno domestic product (GDP).
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Written by Real eStrategy 2 Articles and Reports Mar 2, 2011 The National Agreement on Tourism generated U.S. $ 40.000 million (million dollars) for 2018 and 4 million jobs directly and indirectly 12 million, said President Felipe Calderón Hinojosa.
As part of signing the Agreement, detailing the 10 strategies and 110 actions for the country one of the top five destinations in the world in the next seven years. 1. Increase connectivity and increase the number of seats to enter the country by sea and land sky. 2. Build, maintain and improve the tourism infrastructure, we are committed to allocating step for road, port and airport. With an investment of 5% per year in infrastructure. 3. Strengthen Mexico's image nationally and internationally. 4. Encourage public and private investment through measures that encourage development of tourist destinations. 5. Raising the competitiveness of companies in the country to ensure the experience of visiting Mexico. 6. Diversify tourism destinations, because "Mexico is more than the beaches." 7. Encourage the creation of productive chains to improve the consumption of goods and services in the country. 8. Provide a better tourism through educational campaigns about the importance of tourism to the 112 million Mexicans are promoters of tourism. 9. Promote regulatory changes for the sector to enable development. 10. Promote sustainable development, especially energy savings.
For its part, Gloria Guevara, head of the Ministry of Tourism, said tourism accounts for between 7% and 8% of global revenue, according to figures from the World Tourism Organization, and Mexico that activity is the third source of income about 9% Bruno domestic product (GDP).
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Real Estate Investment in The Area Of Commercial, Office, Hotels, Hospitals to Track Grrow In Mazatlan Mexico
Location of Grand Vacation House Style
Written by Real eStrategy 2 Articles and Reports Mar 2, 2011 Performance average tourist cities
Probably these are the cities with the best performance in the industry in 2009 as they had sufficient magnitude to appeal to not "turn off" and there is already interest and real estate investments in the areas of commercial, office, hotels, hospitals to track grow, an example of these cities are: Mazatlán, Sin. La Paz, BCS, Manzanillo, Col, Veracruz, Ver These cities have domestic and international markets with very different segments, have international airports and local demand services still has gaps, so that has made sense to invest in them.
Performance major tourist cities
The big, traditional tourist destinations like Puerto Vallarta, Mexico Riviera Nayarit, Cancun and Acapulco Riviera Maya, also had a bad performance in this situation but if they made a strong effort to arrogate to the national and local market and get moving though holiday units lower average price because the market is not that mainly buys the condos "Premium" beachfront listed in dollars but prefer no front or ocean view usually quoted in dollars.
Outlook 2011
Today it is estimated that more consumers are now buying tourist properties, however, these consumers need more real and perceived certainty.
The "pre" and will not attract buyers, are now looking to see the finished product, all the papers in order, zero problems, quality product focusing on their needs for entertainment, leisure, health or retirement, this quality has to do more now with all services included in a maintenance release to the owners of problems and concerns and they had paid benefits such as workshops, activity clubs, volunteer clubs, ecotourism, health and beauty and of course the traditional amenities, clubhouses, pools, palapas.
It is estimated that 2011 has a recovery more complete and basically be a year much better performance than the two love tha before, but average prices if they continue to cut so that while in 2007 prevailed product of USD $ 500.000 prevail today as lower value product niche opportunity in the range of $ 100,000 to $ 250,000 (of course smaller homes and other locations).
Softec / By Omar Charraga, Tourism Director of Housing
http://www.tibesarealty.com.mx/
www.tibesarealty.com.mx/wordpress/
Written by Real eStrategy 2 Articles and Reports Mar 2, 2011 Performance average tourist cities
Probably these are the cities with the best performance in the industry in 2009 as they had sufficient magnitude to appeal to not "turn off" and there is already interest and real estate investments in the areas of commercial, office, hotels, hospitals to track grow, an example of these cities are: Mazatlán, Sin. La Paz, BCS, Manzanillo, Col, Veracruz, Ver These cities have domestic and international markets with very different segments, have international airports and local demand services still has gaps, so that has made sense to invest in them.
Performance major tourist cities
The big, traditional tourist destinations like Puerto Vallarta, Mexico Riviera Nayarit, Cancun and Acapulco Riviera Maya, also had a bad performance in this situation but if they made a strong effort to arrogate to the national and local market and get moving though holiday units lower average price because the market is not that mainly buys the condos "Premium" beachfront listed in dollars but prefer no front or ocean view usually quoted in dollars.
Outlook 2011
Today it is estimated that more consumers are now buying tourist properties, however, these consumers need more real and perceived certainty.
The "pre" and will not attract buyers, are now looking to see the finished product, all the papers in order, zero problems, quality product focusing on their needs for entertainment, leisure, health or retirement, this quality has to do more now with all services included in a maintenance release to the owners of problems and concerns and they had paid benefits such as workshops, activity clubs, volunteer clubs, ecotourism, health and beauty and of course the traditional amenities, clubhouses, pools, palapas.
It is estimated that 2011 has a recovery more complete and basically be a year much better performance than the two love tha before, but average prices if they continue to cut so that while in 2007 prevailed product of USD $ 500.000 prevail today as lower value product niche opportunity in the range of $ 100,000 to $ 250,000 (of course smaller homes and other locations).
Softec / By Omar Charraga, Tourism Director of Housing
http://www.tibesarealty.com.mx/
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Hotel Chain Posadas Group Will Develop 36 Hotels For $350 Million Dollars in Mexico
Grupo Posadas will develop 36 hotels for $350 million dollars
20/02/2011 22:16
Hotel chain Grupo Posadas, will invest $350 million dollars in a three-year project that includes the development of 36 hotels in the country, revealed Michel Montant, Corporate Director of Posadas Real Estate Development.
The group operates brands such as Aqua in Mexico and Caesar Park in South America (Brazil, Argentina and Chile), has scheduled to open in 2011, 10 new properties (with approximately 1,200 rooms) in medium size cities in Mexico, including Guadalajara, Zacatecas and Oaxaca.
With this expansion, is projected to grow to 115 hotels with 16,000 available rooms.
This investment is an interesting increase contrary to what we had in previous years because we continue 20% or 25% below our development projects in 2007, but we keep going,' said Montant. (El Universal)
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20/02/2011 22:16
Hotel chain Grupo Posadas, will invest $350 million dollars in a three-year project that includes the development of 36 hotels in the country, revealed Michel Montant, Corporate Director of Posadas Real Estate Development.
The group operates brands such as Aqua in Mexico and Caesar Park in South America (Brazil, Argentina and Chile), has scheduled to open in 2011, 10 new properties (with approximately 1,200 rooms) in medium size cities in Mexico, including Guadalajara, Zacatecas and Oaxaca.
With this expansion, is projected to grow to 115 hotels with 16,000 available rooms.
This investment is an interesting increase contrary to what we had in previous years because we continue 20% or 25% below our development projects in 2007, but we keep going,' said Montant. (El Universal)
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Fresnillo Will Invest $800 Million Dollars In Medium-termo Growth in Mexico
Fresnillo will invest 800 million dollars in medium-term growth
02/03/2011 16:24
Fresnillo, a major mining companies in Mexico, plans to invest about $ 800 million in projects this year as organic growth is presented in mergers and acquisitions, said the company's general director, Jaime Lomelin.
Fresnillo said, plans to invest $ 550 million in capital expenditures this year, up 62% compared with 340 million from 2010.
The executive also approved an increase of 151.1% in its exploration budget, which amounts to $ 251 million, compared to 100 million from 2010.
The intent of this amount is to open at least a new mine every year until 2014, which would leave the way to meeting its goal of producing 65 million ounces of silver a year, more than 400,000 ounces of gold per year by 2018. (Common Sense)
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02/03/2011 16:24
Fresnillo, a major mining companies in Mexico, plans to invest about $ 800 million in projects this year as organic growth is presented in mergers and acquisitions, said the company's general director, Jaime Lomelin.
Fresnillo said, plans to invest $ 550 million in capital expenditures this year, up 62% compared with 340 million from 2010.
The executive also approved an increase of 151.1% in its exploration budget, which amounts to $ 251 million, compared to 100 million from 2010.
The intent of this amount is to open at least a new mine every year until 2014, which would leave the way to meeting its goal of producing 65 million ounces of silver a year, more than 400,000 ounces of gold per year by 2018. (Common Sense)
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jueves, 3 de marzo de 2011
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