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Investors plan luxury condos at abandoned Progreso hotel

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A hotel site has been purchased by investors after decades of abandonment. Photo: Diario de Yucatan

Progreso, Yucatan — A hotel that was abandoned in the late 1980s has been purchased by investors who plan to build luxury condos, a local newspaper reported.

The former Siesta Inn, the port’s first five-star resort, was hit by Hurricane Gilberto in 1988 and never recovered from the damage. Only a marina and some villas remain operational on the site.

The property’s new owner has conceived an ambitious project, according to Diario de Yucatan. The project would extend to the six-hectare campus of the Center for Technological Studies of the Sea, a neighboring research and educational center, which is being relocated.

Mayor Julian Zacarias Curi confirmed that new investors have arrived, but have not yet presented plans before the city.

The Siesta Inn had sweeping water views and bordered the mouth of the Yucalpeten shelter port.

The beach front much later was converted into an artificial lagoon formed by breakwaters to stop sargassum from reaching the sand.

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