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With a US$15 million investment, the Misión group will open new hotels on Paseo Montejo and in the historic center, their chairman said.
Over 550 guests are free after a hotel here tried to block their departure over some hefty charges in dispute.
While renovations creep along at the old Hotel Mérida, a Mayan relic it once displayed will be loaned to the Palacio Cantón for an exhibit.
Twelve new hotels will rise across Mérida within the next few years, adding 1,600 rooms to the city's supply, according to tourism officials.