DALLAS— Rosewood Hotels & Resorts has inked a contract to manage a second property in Mexico in Punta Mita. Development partners include Santa Barbara Partnership and DINE, chief real estate developer of Punta Mita (a subsidiary of DESC). Initial plans consist of 70 700-square-foot Rosewood guestrooms and 53 villas (whole and fractional ownership). Groundbreaking is slated for November, with the opening projected for fall 2004. “We are very pleased to be a part of this extraordinary development,” said Jim Brown, president, Rosewood Hotels & Resorts. “The natural beauty of the area, the vision and thoughtful approach of the development team, and the demonstrated respect for the local culture were all attractive to us. Punta Mita quite naturally embraces a sense of place philosophy, which is the signature philosophy of Rosewood,” A key feature will be a spa with 14 treatment rooms and two spa suites and restaurant. In addition, the resort will have a small village with retail outlets, deli, bakery and gourmet shop, as well as one adult and one childrens pool, both with ocean views. “Weve had extremely good fortune with our first entree into Mexico— Las Ventanas al Paraiso, a property with the highest occupancy and average rate in our collection and virtually in all of Mexico. We see Punta Mita as a strong sister property to Las Ventanas, providing guests with a distinctively different location, yet similar exquisite service and amenities for which Las Ventanas is renowned around the world,” said Brown.
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