A former Pablo Escobar hideout in Mexico will be turned into a luxury resort. The property is by the beach and will feature 40 rooms for a $ 100 million investment.
A former property of the late Colombian drug baron Pablo Escobar in Mexico will be turned into a luxury resort. This former Escobar hideout is located in Tulum, on the Yucatan Peninsula beach coast and was purchased by a North American real estate agent.
The resort, according to NewsweekIt will feature 40 rooms, a spa and several upscale shops. Originally built in 1992, this former Escobar hideaway is just one kilometer from the UNESCO World Heritage Site of Sian Ka'an Nature Reserve.
Thor Equities Group, the New York real estate developer responsible for the venture, will spend $ 100 million to delight millionaires in Mexico. The American company paid $ 17.5 million for the property.
“Tulum is the most elegant destination in all of Latin America,” said Joe Sitt, president of Thor Equities Group.
This is not Thor Equities Group's first investment in Mexico, and it already owns several hotels. In some of them, the stay can reach $ 2,000 per night.
Pablo Emilio Escobar Gaviria was a Colombian drug trafficker, leader and founder of the Medellin cartel, who gained worldwide fame as “the lord of Colombian drugs,” becoming one of the richest men in the world thanks to cocaine trafficking in the United States and elsewhere. countries.