President Calderón and the National Trust for Tourism Development, recently announced a new $5 billion peso project to create the next big tourist destination in Mexico in southern Sinaloa. The proposed mega-project which is provisionally called the Pacific Coast Integrally Planned Center, is on the Pacific coast, 80 miles south of Mazatlan, and includes 7.5 [...]

“The Mexican economy is strong and can withstand the effects of the crisis affecting the financial sector in the United States,” said Augustin Carstens, Secretary of Hacienda (Mexican Secretariat of Finance and Public Credit), in a statement made to local press September 15 when asked about the effects of the government bailout of Lehman Brothers. [...]

Located off the Bay of Isla Mujeres along Avenida Bonampak, Puerto Cancun is at the elbow that joins the hotel Zone to the City of Cancun. The development, which has been mired in political and financial struggles since its inception over 15 years ago, is slated to have 2100 luxury apartments and condominiums, a Tom [...]

In what could hurt perceptions of the real estate investment environment in Mexico, the federal government sent soldiers armed with M-16 rifles to Tulum earlier this month to close down five hotels. While some of the hotel owners have been there for up to two decades, the federal environmental prosecutor Patricio Patron is just now [...]