Forbes (www.forbes.com) reports that a company based in Spain is set to invest 3.69 billion Euros ($4.97 billion US dollars) in a new resort in Loreto:
Fadesa to invest over 4.0 bln eur in tourist projects in Mexico - report 5/21/2007, LinkMADRID (Thomson Financial) - Fadesa Inmobiliaria SA plans to invest over 4 bln eur in four new luxury tourist projects in Mexico, El Economista reported, citing unnamed company sources.
According to El Economista, the largest of the four projects is a 3.695 bln eur investment in a resort in Loreto, Baja California, with a 7,000-room five star hotel and 6,500 luxury residences.
Wow, 7,000 rooms in a 5-start hotel AND 6,500 luxury residences! I wonder where the resort will be located and what the "luxury residences" will look like.