The luxury Cheval Blanc Hotel under construction on Chamela Bay on Jalisco’s Costalegre has been put on hold.
According to several reports, the Louis Vuitton Moet Hennessy chain decided to pull the plug on the project after realizing that the $US80 million investment was inviable for a 52-room hotel, even though room prices were set at between $US2,000 and $US4,000 a night.
German developers are reported to be in negotiations to take over the project on behalf of another international hotel brand.