Drugs, economy don't deter hotel investors from Mexico

10/1/2013 | Bloomberg

Mexico's drug-related violence woes aren't derailing hotel investors, as Hyatt, Starwood and La Quinta are all eying new properties in the country. "Security issues -- perceived or real -- travelers pay attention to, and they can impact travel," said Ricardo Suarez, Starwood's vice president of acquisitions. "But there is such strong economic growth in the country, it's driving domestic travel and demand from the U.S. and, more recently, also from places like Europe, Russia and Asia."

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