WELL INVESTED: Riviera Nayarit sees growth

Riviera Nayarit reports that it continues to attract major investments from the likes of resort developers like IBEROSTAR, Grupo Vidanta, Tau Resorts and others. So far in 2013, US$70 million has been committed to the development of new hotels along Riviera Nayarit’s coast – further reinforcing the renovations and new tourism programs implemented in the area in 2012. On the list of new developments is the IBEROSTAR Playa Mita, a 452-room resort that’s scheduled to open in late 2013 in Litib, located at the north end of the Banderas Bay. Tau Resorts is a new development group focused on creating high-quality timeshare resorts in Pacific Mexico. Two resorts are planned for Riviera Nayarit, one of which will open this year. The Tau Resorts Nahui will open in late 2013 and will have a total of 172 units. The Grand Luxxe Nuevo Vallarta, a Grupo Vidanta resort, opened in February 2010 with 108 rooms. By the end of November 2011, 288 more rooms were added bringing the total to 396 rooms. Because of the high demand, there is currently a new tower under construction with 144 rooms which is set to open in November 2013. These new hotels augment the hotel renovations and new tourism programs of 2012. Last year, Grand Palladium Vallarta Resort & Spa, Occidental Grand Nuevo Vallarta, Four Seasons Punta Mita and Hotel CINCO finalized major renovations to enhance visitors’ experience. Riviera Nayarit also welcomed the new Hard Rock Vallarta resort in August 2012. Go to http://www.rivieranayarit.com for further details.