FADESA to invest €4 billion in Mexico (MX/ES)

FADESA Group will build what will be its largest holiday resort in the Mexican State of Baja California Sur: Loreto Paraíso, a resort of considerable scope on the Sea of Cortez (Pacific Ocean), in which the Group will invest around €4 billion.

This project is unprecedented and shows FADESA's firm commitment to Mexico as a country of vast possibilities for both holiday homes and first homes. The resort will be set in the town of Loreto, the oldest town in Baja California Sur, situated 350 km north of its capital, La Paz. It is a very exclusive area of natural beaches and rugged cliffs, regarded as a paradise for diving, fishing, whale watching and snorkelling enthusiasts.

The residential area of Loreto Paraíso will contain approximately 6,500 homes, including apartments and semi-detached, terraced and detached villas. The hotel accommodation will be characterised by its wide variety, offering more than 7,000 rooms in luxury hotels, upper-upscale hotels, boutique hotels, as well as fractional property, time-shares and condo hotels. The resort will also have four golf courses, which will be designed by the greatest names in this sport, a marina, large leisure and entertainment areas, services area, as well as a significant ecological conservation area.

This holiday resort will also offer state-of-the-art services and is designed in line with sustainability criteria and a perfect integration with the landscape and the environment. Loreto Paraíso is a very ambitious project aimed at the luxury market of mainly North Americans and Canadians, known as snowbirds: people with high spending power looking for a second home in order to spend the winter months in warmer climates.

FADESA in Mexico
With the Loreto Paraíso project, FADESA now has four projects in Mexico, where it is already developing another resort on the Pacific Coast and another two in the cities of Guadalajara and San Miguel de Allende.

Paraíso Litibú is the other resort that FADESA will promote on the Mexican Pacific, but this time in the State of Nayarit, at just 40 minutes from Puerto Vallarta airport. The resort has an investment of €260 million and is located along a 2-kilometer stretch of beach, on which the Spanish company will build two luxury hotels to sleep 640, around 320 homes, including villas and apartments, a golf course designed by Greg Norman and beach clubs. This project by FADESA is part of a Plan designed by the Mexican Government for the year 2025, which aims to turn Cip Nayarit into a top holiday destination, similar to Riviera Maya.

In Guadalajara, the second most important and populated city in Mexico and capital of the State of Jalisco, FADESA has begun the construction of a resort composed of approximately 600 luxury homes, including apartments and chalets, a luxury hotel and around 20,000 m2 for a large shopping area. The project has an investment of €230 million, and includes a gym, a spa, swimming pools, a Business Center and spacious green areas. In total, this resort covers an area of 12 hectares, situated in an exclusive area with high levels of growth in Guadalajara, between Valle Real and Puerta de Hierro. In addition, the resort borders the Lomas golf course and offers spectacular views over the course and the city.

FADESA's third project will be located in San Miguel de Allende (State of Guanajuato), a treasure of Colonial Mexico situated at approximately 250 km from Mexico City. The city has been given the rating of Pueblo Mágico (Magical Town) and is famous for its important artistic community from around the world, its cobbled streets, its colourful houses and its patios; where the Spanish company will build 200 second homes and a Luxury Boutique Spa Hotel, with a total investment of €48.5 million. This resort is mainly aimed at the American and Canadian public and covers 28 hectares.

Source: FADESA

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