While developers are primarily focused on high-end beachfrontresorts, there is also significant building of mid-scale brands,particularly in Mexico's secondary cities, says Patrick Ford,Lodging Econometrics president. Examples range from the suburbs ofMexico City to towns along the Rio Grande border such as Chihuahua,Juarez and Monterrey.

"There are two levels of development in Mexico," Ford tellsGlobeSt.com. "A lot of other inland cities are doing a lot ofcommerce and lend themselves to a lot of mid-marketdevelopment."

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.