Premier Developer Promises Secure Investments

Mexico is one of Latin America’s fastest growing vacation destinations with tourism being the third largest revenue source for the country. The Yucatan Peninsula accounts for more than half of those revenue numbers and it continues to grow each year. Keen buyers and developers looking to invest in developments should turn to Mexico’s favorable equity and growing destination through Grupo Grand Coral, a premier developer backed by prestigious Spanish financial houses. Initiating a series of properties in the ideal Riviera Maya region, Grupo Grand Coral presents an array of diverse product offerings, while promising complete investment security and support.

One such development is Grupo Grand Coral’s newest destination Grand Coral Riviera Maya, a $2.5 billion investment that spans across 561 lush oceanfront acres (227 hectareas), contributing to the great urban expansion of the region.   “Grand Coral Riviera Maya is an impressive resort community that offers developers and investors guaranteed financing, diverse products and a stunning location,” states CEO Jordi Mercadé.      
                            
A Range of Properties:
The company’s portfolio features developments several properties in the Riviera Maya region including Emerald Residential Tower & Spa (Cancun), Mareazul and Nick Price Residences (within Grand Coral in Playa del Carmen).  With varied prices and an assortment of featured amenities such as hotels, golfing, entertainment and retail/restaurant shops, Grupo Grand Coral has created an enclave of opportunity for tourists and investors alike.

•    Emerald Residential Tower & Spa is a 20-story tower containing 106 luxury condos.  Its location is one of the last pieces of land in the Cancun hotel zone directly on the beach.  An amenity-rich project, residents are provided with concierge services, a management office and a state-of-the-art fitness center and spa.  With 157,240 square feet of land and 269 feet of sea front, it is the best option for investment.  In just two years the development has already achieved ¬¬¬¬70% sales.  The development is fully completed and ready to move in.  Prices range from approximately $1.2 million to $2.9 million.

•    Mareazul, part of the Grand Coral Rivera Maya complex, is already well underway and will feature 300 luxury beachfront condominiums, offering a choice of two, three and four spacious bedrooms.  Each residence features balconies with private Jacuzzis and fully-equipped kitchens.  The community will also include 24-hour security and 650 feet of white sandy beach.  Prices start from the low $600,000 to $1.5 million. Completion is scheduled for 2010.

•    Nick Prices Residences includes 123 stylish homes surrounding a world-class 18-hole golf course designed by PGA legend Nick Price, as well as exclusive membership to the Grand Coral Beach Club. Extraordinary common areas include Paddle-tennis courts and pools.  These homes also come with a golf cart and represent a remarkable investment opportunity; 92 homes are available at full ownership.  Prices range from $279,000 to $490,000.  

A Secure Investment:
One of the best assets of Grupo Grand Coral is the fact that the company is backed by prestigious financial houses Bancaja and Banco de Valeancia, both part of the five largest financial conglomerates in Spain. This alone displays the security of investment in their products, as well as guaranteed financing. Depending on a specific development, financing from 60-70% is available, despite the global economic climate. Furthermore, the success of the developer is also displayed in all of the “anti-crisis” commercial plans in order to maintain the rate of sales.   And unlike many other master developments in the region, Grand Coral Riviera Maya is the only master development in the Mexican Caribbean that secured all of the necessary permits and licenses to move forward with construction, which again displays the developer’s commitment to the project and support to potential investors.

Location:
Truly an ideal location for purchasing a second home, the Riviera Maya is located along the coast of the Yucatan peninsula, between Cancun and Tulum, just a few hours away from major Mexico cities, Canada and the Unites States, and minutes from nearby Playa del Carmen.  Famous for its large scale all-inclusive resorts, Riviera Maya is also a paradise destination for jungle walks, archaeological sites and ruins, white sandy beaches, and is home to the largest coral reef in the Western Hemisphere known as the Great Mesoamerican Barrier Reef – ideal for snorkeling and diving.  

With so many natural attractions and high equity, it’s no wonder why developers are honing in on
investment opportunities with one of the world’s premiere tourist destinations. A cosmopolitan Mecca
for tourists across the globe, Grand Coral Riviera Maya is the largest investment in the Mexican
Caribbean and will showcase more than 6,900 residences at its completion. Construction phases will
take place over the next ten years.

For sales information please visit the building galleries located at the following links:

Mareazul: http://mexico.condo.com/Condo_Playa-Del-Carmen_77710_Mareazul_4370617

Nick Price Residences: http://mexico.condo.com/Condo_Playa-del-Carmen_77710_Nick-Price-Residences_4370524