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Historical Topic: This discussion is from 2007. For current info, check out our updated guides.

Spanish Announce New Luxury Hotels

Started May 3, 2007 · 6,702 views · 4 posts
FADESA, the Spanish Mega Company just announed the construction of two luxury hotels, as well as 320 residential units to be built between Punta de Mita and Sayulita on the fringe of Higuera Blanca. The Hotel complex will be called Paraiso Litibu.

Iberostar has big plans out there as well (also spanish company). Looks like the spanish are looking to conquer mexico again :wink:

Here is a blurb with my bad translation:
In this new tourist destination, FADESA will build two luxury hotels and 320 high level residential units. In this development, also there will be four beach clubs, a commercial center, a golf course (designed by Greg Norman) and all the related services. The investment that FADESA is making in this first project is 350 million dollars, with a creation of 2.500 direct and indirect jobs.
the complete translated story can be found here:

\"http://www.banderasbay.com/viewad.asp?id=50285348173100024\"
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the local news say that the hotel industry is down 10% compared to last year

they blame it on the condominmum developement
After new season starts market is up 20% and create hope for better feature.