Published on : Saturday, October 19, 2019
President López Obrador and Tourism Secretary Miguel Torruco said that the Grand Island Cancún project is going forward. The Secretariat of the Environment granted approval for construction in July.
The mega-hotel will be built in two stages by the companies Murano and BVG World.
The first stage will see the construction of 2,000 hotel rooms along with guest amenities, the convention center, swimming pools and a parking lot, and these will open in 2022. An additional 1,000 rooms and more amenities will be built in the second stage, which is expected to be completed in 2024.
Torruco said that Mexico’s state-owned bank Bancomext and two foreign banks will provide funding for the project. This is “one of the biggest investments . . . in a hotel in the past 30 years,” he said.
The convention center will be Cancún’s biggest.
Murano general manager Marcos Sacal said that the construction of the hotel will generate 7,500 direct and indirect jobs and also 12,000 positions will be created once it opens.
López Obrador said that the project will provide a boost for the Quintana Roo economy.
“It’s very important to highlight that we’re doing well . . . with investment in the tourism sector. We haven’t had any problem, there has been investment, jobs are being created. This sector is strategic because it doesn’t just generate wealth but also distributes wealth. It’s an activity that enables income for workers . . . it completely reactivates the economy,” Obrador said.