Iberostar has big plans out there as well (also spanish company). Looks like the spanish are looking to conquer mexico again
Here is a blurb with my bad translation:
the complete translated story can be found here: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.
"http://www.banderasbay.com/viewad.asp?i ... 8173100024"