Cancun Real Estate Sees Investment Boost with Opening of Iberostar Resort
On February 2, Iberostar Cancun, located at kilometer 17 of the Hotel Zone celebrated its Grand Opening. The hotel, which required an investment of about $ 100 million USD, demonstrates that Cancun’s tourism industry is still growing and still attractive to large-scale investors starting new projects – a good sign for anyone interested in investing in Cancun real estate.
It’s also noteworthy that the Grand Opening was attended by the well-known Spanish actor Antonio Banderas, a reflection of the growing attention Cancun has been getting as a hot-spot for big-name celebrities.
The opening of the resort also increases the total number of hotel rooms in the Cancun – Tulum corridor (known as the Riviera Maya, part of the State of Quintana Roo.) This reflects the expectation that the area’s tourism is going to continue growing as the leading region in Latin America.
For real estate buyers, the new hotel means that investment is still pouring into Cancun. This means more services – more spas, more international stores and more waterfront activities. Increasing tourism also promises the ongoing cash-flow for infrastructure such as Cancun’s well-designed and kept up roadways, and the expansions and improvements in Cancun’s international airport. This airport is currently the 2nd busiest in Mexico and is emerging as a main air hub between North America, South America and Europe. This means residents can find cheap flights home and travel with ease to other parts of the world.
On the whole, the opening of Iberostar Cancun is a very good indication for those considering investment in Cancun’s real estate market.
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