In 2014, ground was broken on a new project to add to the collection of skyscrapers on Mexico’s iconic Reforma avenue. Chapultepec Uno, upon completion, will sit at a height of 241m spread across a surface area of 92.73m2 on 58 stories, and between the 35th and 47th floors will nestle one of the jewels at the top of its crown: the Ritz-Carlton hotel.
With an investment of over US$100 million from Thor Urbana, the Mexican real estate investment and development arm of international firm Thor Equities, this will be the first Ritz-Carlton in Mexico City, the second in the country and only the eighth in Latin America. It will boast 153 deluxe suites and is scheduled to be inaugurated in 1H19. The hotel’s suites will boast uninterrupted views of Chapultepec Castle and its surrounding forest, one of the largest urban parks in the eastern hemisphere, spanning 678ha.
Thor Urbana will work alongside fellow developers GSA Grupo Inmobiliario and Heldan Hotels & Resorts to create the hotel, while design development will be down to Taller G. Conceptual design will be carried out by KMD Architects. With the building boasting amenities like a spa, sky lounge, gym and helipad, the prestigious hotel brand will be a welcome addition.
Mexico City is fast becoming one of the world’s business hubs, and Reforma Avenue plays the part of the city’s financial district. With the new trends for mixed-use developments, stays in the Ritz-Carlton will be ideal for busy visiting executives who will be located just a stone’s throw from work. With Chapultepec forest accessible by simply crossing the street, the hotel’s location will provide business travelers with the best of all worlds: business, leisure, luxury and accessibility.
“With this hotel, we want to position ourselves as the reference hotel and leader in Mexico City’s luxury segment,” said Jaime Fasja, Thor Urbana’s CEO in an interview with El Financiero. “We believe it will be a unique hotel and it should become the preferred choice for the business and leisure traveler.”
Thor Urbana has just over 1 million m2 under construction and has invested US$1.4 billion over the last five years. Although this project does not necessarily represent its biggest investment, it is an iconic project that Thor Urbana’s founders hope will position the company as one of the leading developers in Mexico’s luxury segment.