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Puerto Vallarta Retirement & Iberostar's $400 Million Investment


Michael Green, puertovallarta Broker By Michael Green
2011-02-21

As many retirees consider the warm weather, relaxed lifestyle, and modern services which Puerto Vallarta real estate, they can gain confidence in the fact that life here will simply keep getting better; one sign of this is the $400 million USD which the international hotel company Iberostar is investing into hotels in the area.

Iberostar already has several resorts in the area, as well as in other successful tourist areas throughout Mexico. This company knows that Puerto Vallarta offer the perfect combination of features which draw hundreds of thousands of tourists to Mexico every year; warm weather, beautiful beaches, amazing scenery, excellent food, low prices and, continually more so, modern activities and services which offer visitors the comfort and entertainment they are used to from back home.

Those enjoying Puerto Vallarta retirement have been drawn by these same features. While retirees can be confident that they are choosing the best of locations, reflected by the huge investment this company is making, they can also be confident that large-scale investment like this will continue to draw more tourists, more investment, and, as a result, bring even more services and activities.

Growing international tourism has actually been one of the strengths of Mexico retirement and Puerto Vallarta, which is home to up to 50,000 Americans and Canadians, has been one of the best examples how well this concept works.

The complex from Iberostar will be located in the Riviera Nayarit, which is the name given to the stretch of luxury resorts and high-end residential developments stretching northward along the bay in which Puerto Vallarta is located. The area is already a favorite for the expat community. It will be loceted specifically in the relatively new Litibu project, and will feature 13 apartment-style units, 33 villas and several other buildings to be completed in the third quarter of 2014.

A second complex will be located near Playa del Carmen, just south of Cancun, in the area known as the Riviera Maya, and will be called Paradise Beach. It includes 68 hectares, 15 villas and 240 apartment-style units. It is likewise expected to be complete in 2014.

In both cases, retirees choosing the area can both feel a certain comfort with their choice, knowing that international hotel investment is looking to the same areas, and feel confidence that in terms of lifestyle only better things are to come!

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Region:  Puerto Vallarta real estate by Michael Green, an expert on Mexican real estate contract law, Green is active in national and state realty boards.  Green's excellent service record both in Puerto Vallarta and the U.S, combined with an old-fashioned work ethic and an intimate knowledge of Puerto Vallarta's luxury market, make him the ideal person to consult for real estate transactions. You can contact him at (512) 879-6546.

 

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