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Thor Urbana to Develop New Ritz-Carlton Hotel in Mexico

13 December 2018

Thor Equities Group, through its Thor Urbana division, has announced plans to develop a new Ritz-Carlton Reserve hotel on the Riviera Nayarit in Mexico. 

(Press Release) Mexico City, December 13, 2018 – Thor Equities Group, a global real estate leader, today announced plans for its Thor Urbana division to develop a new Ritz-Carlton Reserve hotel on the beautiful Riviera Nayarit in Mexico.

The Ritz-Carlton Reserve Riviera Nayarit will feature 110 luxury rooms, suites and private villas with ocean views. Scheduled to open in 2022, the exclusive hotel will be located in El Santuario (The Sanctuary), within the master development of Costa Canuva near Puerto Vallarta. El Santuario offers a private beach, cliffs with captivating views, and an unparalleled natural environment.

Hotel amenities include three restaurants, a bar, event rooms, two pools, a spa and shops, all with a focus on personalized service.

“We are excited to bring the first Ritz-Carlton Reserve hotel to the Riviera Nayarit, which is quickly becoming one of the most desirable luxury resort destinations in all of Mexico,” said Joseph Sitt, Chairman of Thor Equities Group.

Ritz-Carlton Reserve is Marriott’s most exclusive brand, offering unique resorts in secluded and naturally beautiful locations throughout the world including Phulay Bay in Krabi, Thailand; Mandapa in Ubud, Indonesia; Dorado Beach in Puerto Rico; Pearl Island in Panama; Tanuda Bay in Morocco; and Zadún Los Cabos in Mexico.

The Riviera Nayarit, a beautiful 200-mile region along the Pacific coastline, was recently named the “next big ‘it’ destination” and “Mexico’s next big vacation gold mine” by Bloomberg.

“We are driven to create value for our national and foreign visitors, but above all we are excited to promote the development of our country by offering spaces and innovative projects that demonstrate the trust and commitment that investors have in Mexico and its future,” said executives of Thor Urbana.

Thor Equities Group – comprised of Mexico City-based Thor Urbana, Thor Equities Europe and Thor Equities North America – recently opened four new projects in Mexico totaling approximately 7 million square feet.

Thor Equities Group is continuing to develop, acquire, reposition and operate commercial, hotel and mixed-use projects in major cities and tourist destinations in Latin America. Additional projects include Ritz-Carlton, Mexico City, the luxury brand’s first hotel in Mexico City, opening in 2019; and the Four Seasons Resort and Residences Caye Chapel, Belize debuting in 2021.

Other premier hotel properties owned by Thor Equities Group include Thompson Playa del Carmen and Montage Los Cabos in Mexico, Palmer House Hilton in Chicago, and The James New York – SoHo.