The company of Mexican businessman, Alfonso Romo, has beaten more than 20 other companies to win the contract to build a new highway bridge in Tulum on the Riviera Maya, said Mexican newspaper, El Semanario, last week.

The bridge forms another part of the major infrastructure investment taking place in the area, along with the new Riviera Maya international airport and fast coastal highway routes.

The paper said that Romo’s company Proyectos y Desarrollos de Infraestructura, the construction arm of Grupo PDI, won the contract for around $11.1 million.

Romo was previously in the Forbe’s “Rich List” …

Thomas is an active real estate Broker in Quintana Roo, Mexico which includes such areas as Cancun, Riviera Maya, Playa del Carmen, Tulum, Cozumel and other regional areas.  Thomas is a native of Indiana, a Purdue University graduate, entrepreneur, and has been living in Mexico since 1995.

Today we welcome Thomas Lloyd, who owns www.TOPmexicorealestate.com , a new web page and blog of tips & “how to” regarding Mexico Real Estate.  Thank you Thomas, for offering to share your experiences on living and doing business in Mexico. My first question is what makes real estate in Quintana Roo a good investment?

This question …

Nothing – in the entire history of the universe – flies faster than awful rumors about private property being “taken” by the Mexican government. Such has recently been the case in the beautiful resort area around Tulum. Yes. Several hotels were closed down and may be demolished. However, the notion that the government of Mexico would send in the Army to take private property is totally unrealistic.
What has happened in Tulum is the result of many years of legal neglect and confusion. Instead of blindly following the rumor mill …

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 claiming that the land is protected and ordering they be closed and eventually demolished. The federal officials are arguing that they have no permission to be on protected lands near the Tulum ruins, despite land …