Spanish Group to invest 100m USD in Riviera Maya

Mexican and Foreign investors to continue to look at the Riviera Maya as a great opportunity. A sample of this was the announcement of the TAO Riviera Maya Resort, in which nature, culture and architecture converges.

This ambitious project will begin in March, 2011. With a budget of more than 100 million dollars it will be built in five stages, finishing in approximately six years. In the first stage of the TAO Riviera Maya Resort will develop 100 apartments, in which there will be approximately 20 million dollars invested.

Benjamin Beja Lizama, the director of this real-estate project, revealed that in spite of the current worldwide economic slowdown, Real Estate, especially Real Estate in the Riveira Maya continues to be an outlet for investors as stock market variations make traditional investments seem less secure. 

In agreement with the specifications of the project, TAO Riviera Maya will be integrated with apartments, town homes and single family residences. The development will be surrounded by the Mayan Jungle, integrated with the Robert Trent Jones II golf course.

This real-estate project belongs to the Spanish consortium Piñero, which nowadays supports the “Grand Bahía Prince" tourist complex, one of the most important of the region and also owns the Bahía Prince Golf Resort Residential.

www.american-development.com