Sbe Hospitality has announced a major expansion that includes opening a new luxury condo hotel development in downtown Playa del Carmen by 2021. Sbe’s Mondrian brand will make its debut in Mexico’s Riviera Maya region with the opening of this new investment property, which will house 100 luxury condos.
“The Mondrian will be built in downtown Playa, with groundbreaking set to commence in the third quarter of 2018,” wrote Caribbean Journal.
The hotel will debut in partnership with Howard Hospitality Group, which has also been rapidly expanding its footprint in the Mexican Caribbean region.
The new Mondrian condo-hotel is just one of many new investment properties in downtown Playa del Carmen and the surrounding Riviera Maya region, which is firmly established as one of the world’s most popular tourism destinations and best places for real estate investment. Vacation homes in the area are getting fantastic return on investment and innovative new designs offer hand-off ownership with all maintenance, rental management and utilities included.
Why Invest in Playa del Carmen Real Estate?
Investors worldwide are actively seeking out the best ways to make money as record breaking stock market volatility continues to erode earnings and foster uncertainty, making stable alternative investments like real estate in Playa more attractive than ever.
“In the last [nine] years, Playa has grown more than even Cancun”, wrote Forbes. “There’s been a ton of growth. Over the past few years the Riviera Maya, which stretches from just south of Cancun [thru Playa and] past the secluded resort town of Tulum, has emerged as Mexico’s premier tourist destination”.
Over the past 15 years or so, more than 100 new hotels and countless luxury condo developments designed to function as turnkey vacation home rentals have been built in Mexico’s Riviera Maya, which is currently experiencing a major tourism surge. The steady growth in the number of visitors coming to downtown Playa del Carmen every year has also led to 80-90 percent occupancy rates in the region and rapid property appreciation.
Do you have questions about buying a luxury condo or vacation home in Mexico? Let us know in the comments!
Read this Quick Guide to the Booming Playa del Carmen Real Estate Market and learn more about income producing investment properties in Mexico’s Riviera Maya!