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Market Report: Fall 2016 The Hotel Edition


San Miguel de Allende. Condé Nast Traveler #3 Destination in the World

"As a consistently top ranking international destination, the San Miguel de Allende hotel market is both unique and growing at a fast pace. The town caters to both international and national travelers with exclusive hotels, an internationally recognized culinary scene, and world-class shopping less than 3 hours from Mexico City."

-- Ann Dolan, Luxury Property Specialist


Quick Hotel Stats

· 1,200 rooms in the 4 star, 5 star or special category class
· 2,000 rooms are B&Bs or vacation homes
· In 2015 140 new rooms were added to the city´s inventory
· Only 2 hotels have more than 150 rooms
· In 2014 the average occupancy rates were 50%-60%

Destination Weddings

· 7-10 weddings per week
· $3,000 MXN per person per wedding including hotel, meals and wedding expenses
· Wedding revenue in 2014 was $312 million pesos, divided between the wedding planner, hotels and venues, not counting what the guests spend on other services

OUTSTANDING HOTEL OPPORTUNITIES

CASA QUETZAL. 9 room hotel in Historic Centro. $1,950,000 USD
CASA FRIDA. 5 room B&B with panoramic views of the town center. $650,000 USD

More hotels are available upon request.