Ritz Carlton has announced a significant investment of $400 million in the development of Punta Nizuc Cancun. Governor Mara Lezama Espinosa expressed gratitude to the investors for their faith in Quintana Roo's potential as a leading tourism destination in Mexico and Latin America. She also acknowledged the security provided by the construction of the second floor of the Fourth Transformation, a project led by Mexico's first female president, Claudia Sheinbaum.
The announcement comes as Quintana Roo celebrates its 50th anniversary as a Free and Sovereign State. Governor Lezama welcomed the news of the investment, which was announced by Salvador Daniel Kabbaz, CEO and president of Grupo Danhos; Alberto Levy Yermia, CEO of Beyond Ventures; Simon Galante Zaga, CEO of FibraHotel; and Bryan King, president of Marriot International Latin America.
The development project includes 131 rooms and 126 luxury residences, complete with a pool complex offering sea views, a spa, specialty restaurants, and other high-end amenities and services. The project is expected to create approximately 2,000 direct jobs and 700 permanent positions.
The Ritz-Carlton brand first arrived in Cancun in 1993 and has been operational for three decades until 2022. Governor Lezama highlighted that the execution of this new project will create jobs during both the construction and operational phases. This will benefit thousands of families in Quintana Roo, as the government aims to ensure that the success of the tourism industry leads to shared prosperity.
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