Murano Exploring Cruise Port Development in Baja California, Mexico
Murano Global Investments PLC - Ordinary Shares (MRNO)
Company Research
Source: GlobeNewswire
LONDON, June 10, 2024 (GLOBE NEWSWIRE) -- Murano Global Investments PLC (“Murano”) (NASDAQ: MRNO), a London-headquartered real estate company that owns, develops and invests in hotel, resort and commercial properties, announced today that it has signed a non-binding memorandum of understanding (“MOU”) with a leading global cruise operator to explore the potential to develop a cruise port destination on its property in Bajamar, Baja California, Mexico (the “Baja Project”). The Baja Project is situated on the Tijuana Ensenada corridor, 60 minutes from the Tijuana/San Diego border and a few minutes from the beaches of Ensenada, Tijuana and Rosarito. The Baja Project expands Murano’s development pipeline and represents a major enhancement of the project, which plans already included the development of a 370 key all-inclusive hotel and an industrial park. With this addition, the property would be meaningfully enhanced with the cruise port destination, another hotel of up to 400 keys and
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