The projects, to be built by privately held Mexican real estate development and investment company Armar Group, will include residential units, sbe club membership units and sbe restaurants and nightclubs.
The first two projects will be built in Medano Beach in Cabo San Lucas and in the heart of the hotel zone in Cancun, with others to follow in Puerto Vallarta, Mexico City and Punta Mita.
The first phase of the Cabo San Lucas project will have a 200-room SLS LUX Hotel and 250 residential/sbe club membership units. It is scheduled to open in 2017. The Cancun project will have a 150-room SLS LUX Hotel and 150 residential/sbe club membership units. It is slated to open in 2018.
The SLS Hotels in Mexico double the number of hotels that sbe plans to open in the coming years. The SLS LUX at Baha Mar in the Bahamas is opening soon. Others that are opening in the next three years include SLS LUX hotels in Philadelphia, Seattle, New York City, Hollywood and a hotel and residential complex in Miami, which has already sold out. sbe's largest property, the SLS Las Vegas, opened last summer.