Transat A.T. Inc. has made its first step towards the goal of developing its own hotels with the announcement that it has purchased land in Riviera Maya, Mexico. The stretch of land, located in Puerto Morelos on Mexico’s Yucatán Peninsula, is situated midway between Cancun and Playa del Carmen. It is about 20 kilometres from Cancun International Airport.

Transat has entered into a promissory agreement to purchase a second adjacent property to build a new beachfront resort. The agreement is subject to certain usual conditions and is anticipated to close on or around November 1, 2018.

First announced in July 2017 following the sale of its minority 35% interest in Ocean Hotels, Transat’s new hotel division will include around 5,000 owned or managed hotel rooms at its main Sun destinations by 2024.