W Playa del Carmen

Marriott International, Inc. (NASDAQ: MAR) announced that it has signed an agreement with Fibra Inn (BMV: FINN13, ADR OTC: DFBRY) to bring the W Hotels brand for the first time to Mexico's Yucatan Peninsula. The property is expected to rise on an oceanfront site in Playa del Carmen within walking distance to entertainment, upscale shopping and restaurants.

When the 218-room hotel opens in 2023, it is expected to provide Playa del Carmen visitors an exciting, new lodging option that embodies the W Hotels brand's "work hard, play hard" philosophy. Fibra Inn's plan calls for multiple food and beverage venues both indoors and out; a signature WET Deck (pool deck); AWAY® Spa; FIT ® Fitness Centre, as well as a beach club and rooftop bar. For corporate and social events, the property is also slated to feature 500-square-metres of meetings and events space.