Spanish hotel group to open first stage of US $750-million investment

September 28, 2018

Illustration of the new Costa Mujeres resort.

Spanish hotelier Palladium Hotel Group will open the first stage of a new US $750-million all-inclusive mega resort located in Costa Mujeres to the north of the city of Cancún on November 1.

The resort will have 1,500 hotel rooms in two luxury properties, the adults-only TRS Coral and the family-friendly Grand Palladium.

The construction of the first stage of Palladium’s ambitious project entailed the investment of $280 million, the firm’s chief sales and marketing officer told a press conference.

“Mexico continues to be an important and strategic destination for us,” said Sergio Zertuche Valdés, explaining that the chain’s Mexico footprint represents 44% of its presence in the Caribbean and 25% of its 13,000 available rooms worldwide.

He said Mexico is also a preferred destination for international tourists, especially those from the United States and Canada. This is coupled with the advantages presented by Mexican hospitality, kindness and quality of service.

Costa Mujeres is located some 30 kilometers from the Cancún international airport, in a zone that Zertuche asserted is just beginning its growth spurt.

Once finished, Palladium’s new resort will have five hotels and a total of 3,500 rooms. Following the November opening of the first two hotels, the firm plans to open two more Grand Palladium properties and another TRS.