Fonatur Nayarit Resort Is Mexico’s First in Twenty Years
Mexico's Fonatur is building its first new tourism development in twenty years: the Centro Turístico Sustentable Compostela in Nayarit, with a US$422 million first phase. The post Fonatur Nayarit Resort Is Mexico’s First in Twenty Years appeared first on The Rio Times .
Fonatur Nayarit Resort marks Mexico's first new state tourism development in over two decades. This project, called Centro Turístico Sustentable Compostela, is being built in Nayarit, a Pacific coast state north of Puerto Vallarta. The federal agency Fonatur, a parastatal body under the tourism ministry, is starting work on the project, which requires an investment of 7,134.7 million pesos (US$422 million) for the first phase covering 542.32 hectares (1,340 acres).
The project integrates two sustainable tourism developments, Boca de Chila and Chacala-Las Cuevas, within the first phase. Fonatur has a long history of building resort cities from scratch, with five major examples: Cancún, Ixtapa, Huatulco, Los Cabos, and Loreto. These are known as Centros Integralmente Planeados, or CIPs, and each includes its own airport, hotel zone, and residential areas.
The new Nayarit project, while a different category, follows the same model of state-led development, focusing on sustainability.
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