Fairmont to Develop New 250-Room Hotel and Residential Development Along Riviera Nayarit in Mexico

. April 28, 2016

TORONTO, ONTARIO, CN. April 27, 2016 - Luxury hotel operator Fairmont Hotels & Resorts and Mota-Engil Tourismo today announced the development of a new 250-room luxury hotel and additional private residences along the Riviera Nayarit in Mexico.

The sparkling new Fairmont Costa Canuva is slated to open in late 2018 and will reside within the new master-planned seaside community, "COSTA CANUVA", on the Riviera Nayarit. The Costa Canuva development is set along miles of pristine beach, just north of Punta Mita and approximately 40 miles north of Puerto Vallarta International Airport.

Costa Canuva, with more than 4.3 miles of shoreline and 630 acres of beach, estuary and mountains, will offer five hotels, including the Fairmont, and will be ideal for all types of travelers. It will also present residential ownership opportunities within the beachfront village with 2,500 residential units, including some designed by the renowned Artigas Arquitectos firm.

The development will also have an exclusive golf course designed by Greg Norman and Lorena Ochoa, with this being the first course created by the Mexican golfing champion. Two of the holes will present spectacular sea views to guarantee an unforgettable playing experience. Furthermore, an extensive list of activities will be available at Costa Canuva. Families will be able to experience a blend of sea and mountain and enjoy paddle surfing, more than 20 kilometers of cycling tracks designed by the International Mountain Bicycling Association (IMBA), and a canopy park including ziplines, among others.

These will come together as part of a masterful design to respect and enjoy the beauty and luxury of the venue, as is a tradition in projects overseen by famed urban planner, Mario Lazo.

"We are delighted to be at the forefront of establishing the new Costa Canuva community in this thriving and beautiful region," said Kevin Frid, president, Americas for Fairmont's parent company, FRHI Hotels & Resorts. "From the Riviera Maya to the Riviera Nayarit, we are positioning Fairmont to deliver our unique brand of luxury and genuine hospitality at Mexico's most sought-after destinations."

The Riviera Nayarit stretches for 51,800 hectares along the Pacific Ocean and offers a coastal lifestyle similar to that of California, while sharing the same latitude as Hawaii, providing a temperate yet tropical climate that can be enjoyed all 365 days of the year.

Costa Canuva will provide access to sailing, surfing, fishing expeditions, a PGA-level golf course and pristine beaches. It will also add to the offering that led Conde Nast Traveller UK to name the Riviera Nayarit as one of its 10 Destinations To Watch in 2015.

Fairmont Costa Canuva will join its sister property, Fairmont Mayakoba located in the Riviera Maya region, and expand Fairmont's growing portfolio of highly sought after luxury vacation resorts around the world. The Fairmont Costa Canuva will also feature Fairmont-branded residences for those who wish to make their stay in Mexico more permanent. As primary dwellings or getaway retreats, these whole and fractional ownership homes can be enjoyed all year long and will become a legacy for generations to come.

The development of the Costa Canuva village represents a $1.8 billion USD investment in the region's economy and is expected to create 6,000 direct jobs and 18,000 thousand indirect jobs locally. The project is being spearheaded by Portugal's Mota-Engil, one of the largest construction and infrastructure management companies in Europe and the only Portuguese company in the World's Top 100 Construction Companies, according to Engineering News-Record.

"We are thrilled that Fairmont has joined us in this exciting journey to share the paradise of Costa Canuva with the rest of the world," said Rafael Lang, CEO of Mota-Engil Tourism. "Our goal is to create a true community, integrating our beachfront village with residential neighborhoods, golf course and lagoons. Not only do we look forward to welcoming international visitors to this wonderful region, but we are excited to create new opportunities for domestic tourists and the local people of the Riviera Nayarit."

Fairmont Costa Canuva will feature 250 guestrooms and suites, including 40 Fairmont Gold rooms and Fairmont branded residences. It will also boast more than 22,000 square feet of meeting and event space, six restaurants and bars, an expansive outdoor swimming pool and a spectacular Willow Stream Spa encompassing nearly 13,000 square feet. A center for children and young adults, providing creative and active activities, will appeal to holidaying families.

As well as attracting luxury travelers and adventurous sun-seekers, the Fairmont Costa Canuva will benefit from its close proximity to the Sanctuary Convention Center, making it an ideal venue for corporate groups, conferences and social events.

About Fairmont

Fairmont Hotels & Resorts connects guests to the very best of its destinations, providing travelers with memorable travel experiences, thoughtful and attentive service and luxury hotels that are truly unforgettable. Each Fairmont property reflects the locale's energy, culture and history through locally inspired cuisine, spirited bars and lounges and distinctive design and decor. With more than 70 hotels globally, and many more in development, the Fairmont collection boasts some of the most iconic hotels in the world, including The Plaza in New York, The Savoy in London, Fairmont Peace Hotel in Shanghai and Fairmont Le Château Frontenac in Quebec City. Fairmont is owned by FRHI Hotels & Resorts, a leading global hotel company that operates more than 130 hotels and branded residential properties under the Raffles, Fairmont and Swissotel brands. For more information or reservations, please visit www.fairmont.com.

About Mota-Engil

The Mota-Engil group has flourished over the last 70 years, marked by a culture of entrepreneurship and innovation in its ongoing quest for new horizons. Mota-Engil is a multinational and diversified business group with highly recognized know-how throughout the construction and infrastructure management value chain. As a leader in Portugal and ranked among the 30 most important European companies in the construction sector, Mota-Engil is present in 3 continents and 22 countries across Europe, Africa and Latin America. It participates in more than 200 companies around the world while maintaining the same standards of rigor, quality and capacity that have distinguished it throughout its history. http://es.mota-engil.pt/

Contact:
Mike Taylor
[email protected]
416/874-2457

Gerson Hernandez
[email protected]

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