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All I want for Christmas is … a $1.2 billion influx of cash!

From “2 major builders eye Rocky Point” in today’s Arizona Daily Star

 

Two major resort developers have announced a $1.2 billion project within the Sandy Beach Resorts master planned community at Rocky Point.

Grupo SBR, which has built more than 1,500 units at Sandy Beach, about 60 miles south of the Arizona border on the Sea of Cortez, will team with Grupo Questro, the largest developer in Los Cabos, at the southern tip of Baja California.

The 630-acre project, known as The Joint Venture, will feature two 300-room beachfront hotels, 900 beachfront condominiums, an 18-hole golf course and resort with 1,000 homes and 1,000 more condominiums, and a convention and expo center to be built by the state of Sonora.

Just for the record, $1.2B USD = muchos pesos.

Read the rest here

Here’s the Grupo Questro website, and here, as far as I can tell, is the Grupo SBR main website.