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Media 050216 Canuva

Monday, May 2, 2016

An Alluring New Tourism Development on Mexico's Pacific Coast

Fonatur; Government of Nayarit; Fairmont Hotels & Resorts

Fonatur:

The PTI Costa Canuva will be possible thanks to the signing of a trust between FONATUR and the Portuguese conglomerate Mota-Engil

It will have a PGA class 18-hole (par 72) golf course designed by Greg Norman and Lorena Ochoa

With an investment of over US$1.8 billion dollars it will generate about 40 thousand jobs

During Mexico's 41st Tourism Tianguis, held in Guadalajara, Jalisco, it was announced that the National Fund for Tourism Development (FONAUTR) will promote regional development in Nayarit through the Integrated Tourism Project (PTI) Costa Canuva.

This project is located in the municipality of Compostela, 82 kilometers from the Puerto Vallarta International Airport. There are 272 hectares in the development area, including 3.8 kilometers of beach and 3 on cliffs overlooking the sea.

Costa Canuva will be able to accommodate 7,208 housing units, of which approximately 3,200 will be hotel rooms and the rest residential homes.

The infrastructure master plan is oriented to the development of sports and recreational activities such as golf, nautical tourism and nature tourism.

The development will include a PGA class 18-hole (par 72) golf course, over ​​71 hectares with spectacular views of the ocean. This will be the first golf course co-designed by the well-known golfers Lorena Ochoa of Mexico, and Greg Norman of Australia.

As well, the project will have a clubhouse, beach clubs, public access to the beach, and other facilities.

The Costa Canuva development has become possible thanks to the signing of a trust agreement [fideicomiso] between FONATUR and the prestigious Portuguese conglomerate Mota-Engil Tourism, forming a relationship through which FONATUR contributes the project area, while the investor will bring about its development and build 1,000 dwellings.

Through this business model, of public-private participation, FONATUR returns and restores one of the original objectives for which it was created, once again becoming an active promoter of investment in Mexico's tourism developments.

It is estimated that the Costa Canuva project will require an investment of US$1.8 billion (sic), and create about 40,000 jobs (sic).

Costa Canuva will be built in various stages by different companies, including Fairmont Hotels & Resorts chain that will build the project's first hotel, which will have 250 rooms and six residences.

Costa Canuva will also be an eco-participatory community, with social ties, since its development takes into account the participation of local suppliers, respect for the Cora and Huichol indigenous cultures of the region, and support and contribution to the development of nearby villages and towns.

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Fonatur, Mexico City (edited translation by MexiData.info)

 

Government of Nayarit:

Governor Roberto Sandoval Castañeda, of Nayarit, and Mexico's Secretary of Tourism, Enrique de la Madrid Cordero, announced the construction of a new tourism development named Canuva Coast (Costa Capomo, Compostela), which involves an investment of 36 billion pesos (sic) by the Portuguese company Mota-Engil Tourism. It will create 6,000 new direct jobs, and 18,000 indirect jobs (sic), for the people of Nayarit.

In addition, the building of 7,000 hotel rooms, condominiums, shopping malls, a golf course designed by the well-known golfers Lorena Ochoa, of Mexico, and Greg Norman, of Australia, and various green areas that promote sustainable manner sports and eco-tourism over more than 250 hectares that will be part of Costa Canuva, making it a complete community by the sea.

At a press conference held at the Tianguis Turistico 2016, they said that the first stage of the project will be opened in less than 18 months.

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Government of Nayarit, Tepic, Nayarit (edited translation by MexiData.info)

 

Fairmont Hotels & Resorts:

● Fairmont Expands in Mexico with New Hotel and Residential Development in the Riviera Nayarit

● Fairmont Costa Canuva will be the centerpiece of a gorgeous new beachfront village along the pristine and increasingly popular Riviera Nayarit

To view the photo associated with this press release, please visit the following link: http://media3.marketwire.com/docs/frhi0426.jpg

Luxury hotel operator Fairmont Hotels & Resorts and Mota-Engil Turismo announced the development of a new 250-room luxury hotel and additional private residences along the Riviera Nayarit in Mexico.

The sparkling new Fairmont Costa Canuva is slated to open in late 2018, and will reside within the new master-planned seaside community, "COSTA CANUVA," on the Riviera Nayarit. The Costa Canuva development is set along miles of pristine beach, just north of Punta Mita and approximately 40 miles north of Puerto Vallarta International Airport.

Costa Canuva, with more than 4.3 miles of shoreline and 630 acres of beach, estuary and mountains, will offer five hotels, including the Fairmont, and will be ideal for all types of travelers. It will also present residential ownership opportunities within the beachfront village with 2,500 residential units, including some designed by the renowned Artigas Arquitectos firm.

The development will also have an exclusive golf course designed by Greg Norman and Lorena Ochoa, with this being the first course created by the Mexican golfing champion. Two of the holes will present spectacular sea views to guarantee an unforgettable playing experience. Furthermore, an extensive list of activities will be available at Costa Canuva. Families will be able to experience a blend of sea and mountain and enjoy paddle surfing, more than 20 kilometers of cycling tracks designed by the International Mountain Bicycling Association (IMBA), and a canopy park including ziplines, among others.

These will come together as part of a masterful design to respect and enjoy the beauty and luxury of the venue, as is a tradition in projects overseen by famed urban planner Mario Lazo.

"We are delighted to be at the forefront of establishing the new Costa Canuva community in this thriving and beautiful region," said Kevin Frid, president, Americas for Fairmont's parent company, FRHI Hotels & Resorts. "From the Riviera Maya to the Riviera Nayarit, we are positioning Fairmont to deliver our unique brand of luxury and genuine hospitality at Mexico's most sought-after destinations."

The Riviera Nayarit stretches for 51,800 hectares along the Pacific Ocean and offers a coastal lifestyle similar to that of California, while sharing the same latitude as Hawaii, providing a temperate yet tropical climate that can be enjoyed all 365 days of the year.

Costa Canuva will provide access to sailing, surfing, fishing expeditions, a PGA-level golf course and pristine beaches. It will also add to the offering that led Condé Nast Traveller UK to name the Riviera Nayarit as one of its 10 Destinations to Watch in 2015.

Fairmont Costa Canuva will join its sister property, Fairmont Mayakoba located in the Riviera Maya region, and expand Fairmont's growing portfolio of highly sought after luxury vacation resorts around the world. The Fairmont Costa Canuva will also feature Fairmont-branded residences for those who wish to make their stay in Mexico more permanent. As primary dwellings or getaway retreats, these whole and fractional ownership homes can be enjoyed all year long and will become a legacy for generations to come.

The development of the Costa Canuva village represents a $1.8 billion USD investment in the region's economy and is expected to create 6,000 direct jobs and 18,000 thousand indirect jobs locally. The project is being spearheaded by Portugal's Mota-Engil, one of the largest construction and infrastructure management companies in Europe and the only Portuguese company in the World's Top 100 Construction Companies, according to Engineering News-Record.

"We are thrilled that Fairmont has joined us in this exciting journey to share the paradise of Costa Canuva with the rest of the world," said Rafael Lang, CEO of Mota-Engil Tourism. "Our goal is to create a true community, integrating our beachfront village with residential neighborhoods, golf course and lagoons. Not only do we look forward to welcoming international visitors to this wonderful region, but we are excited to create new opportunities for domestic tourists and the local people of the Riviera Nayarit."

Fairmont Costa Canuva will feature 250 guestrooms and suites, including 40 Fairmont Gold rooms and Fairmont branded residences. It will also boast more than 22,000 square feet of meeting and event space, six restaurants and bars, an expansive outdoor swimming pool and a spectacular Willow Stream Spa encompassing nearly 13,000 square feet. A center for children and young adults, providing creative and active activities, will appeal to holidaying families.

As well as attracting luxury travelers and adventurous sun-seekers, the Fairmont Costa Canuva will benefit from its close proximity to the Sanctuary Convention Center, making it an ideal venue for corporate groups, conferences and social events.

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Fairmont Hotels & Resorts, Marketwired press release, Toronto, Ontario

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