PUNTA DE MITA, MEXICO-San Diego-based LaTour Hotels and Resorts will manage Los Veneros Resort and Residences, located on the Punta de Mita peninsula along the northern coast of the Bay of Banderas on the Riviera Nayarit, Mexico. LaTour will offer management of the Homeowners Association, concierge services, extensive residential services for owners, a rental program and exchange opportunities.
Los Veneros is an oceanfront resort and residential community currently comprised of 91 luxury residences in three buildings spread across 37 acres including 1,262 square feet of beach front. Sixty-six of the homes are finished and 25 are nearing completion, scheduled to open in December 2010. In addition, the property features a beach club with bar and grill, an oceanfront pool, recreational water sports and spa and health club facilities. The community also features lush gardens and walking trails. Future phases will expand on Los Veneros' offerings.
The developer of Los Veneros is a joint venture between ICON Group and OUEST Developments, both of which have had a long proven track record of success in the luxury residential market in Mexico. Through their extensive program of travel services, LaTour will offer vacation rentals at Los Veneros.
John Small, chairman of Tapestry Resorts and co-chairman of LaTour, tells GlobeSt.com that there were “numerous other companies who were aggressively competing for this opportunity, as far back as four years ago.” He estimates that “there have been at least six top management companies—some of whom are Mexican-based, some of whom are US-based—vying for the business.”
Located on the beachfront of Banderas Bay, the area’s surf breaks are growing in popularity. Other nearby recreational activities include snorkeling, scuba diving, fishing, sailing and whale watching. “Mexico is my favorite vacation destination in the world, particularly Punta de Mita,” says Tom LaTour, chairman of LaTour Hotels and Resorts. “Introducing the LaTour brand to this extraordinary coastal locale is crucial to our long term objectives.”
Within the secure, gated community of Los Veneros, the collection of fully-furnished luxury residences feature three- to four-bedroom floor plans with sizeable balconies or terraces for enjoying indoor/outdoor living. In some instances, residences have their own private pools. There is also a large swimming pool located in front of each building, offering residents and guests additional options for enjoying the tropical outdoors.
In Mexico, LaTour also manages El Secreto Residences and El Caracol Condos & Penthhouses in San Miguel de Allende. Delcanto, a condominium resort currently under construction in Nuevo Vallarta on Flamingos Beach, will also be managed by LaTour Hotels and Resorts upon its completion in late 2010.
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