Industry Update
Press Release23 March 2010

Mexico’s President Felipe Calderon Awards Eduardo Vela, Founder and Chairman of Velas Resorts Group, For His Contributions to Mexico’s Tourism Industry

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Velas Resorts

Riviera Maya, Mexico (March 22, 2010) -- Eduardo Vela, Founder and Chairman of Mexico's Velas Resorts Group, was honored with a prestigious award from Mexico's President Felipe Calderon and the National Chambers of Commerce, Services and Tourism for his outstanding contributions and support of Mexico's tourism industry.

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The award ceremony took place during the 94th Ordinary General Assembly of the Mexican National Chamber of Tourist Commerce – CONCANACO Servytur, in Mexico City with high ranking government officials and business leaders in attendance. President Calderon congratulated the Velas Resorts Group Chairman Eduardo Vela and recognized his personal and group's distinguished career and his support of the tourism sector.

Mario Sanchez Ruiz, president of the above-mentioned organization that consists of 253 chambers and more than 650,000 companies in Mexico, also highlighted Eduardo Velas' contributions to the quality of the tourism product and his commitment to new tourism investment despite critical economic times worldwide.

Sanchez Ruiz made reference to Eduardo Velas' tenacity and entrepreneurship with last year's opening of the Grand Velas Resort Riviera Maya which was built in 11 months and recently hosted the Grupo de Rio Summit.

Several years ago, the CONCANACO Servytur executive committee and board of directors implemented this recognition for entrepreneurs in Mexico who have stood out in the commerce, service and tourism industries.

Velas Resorts offers a total of 1,170 luxury suites within four properties in Mexico: Velas Vallarta Suite Resort & Convention Center and Casa Velas Hotel Boutique, both in Puerto Vallarta; Grand Velas Resort Riviera Nayarit and the 491-suite, $250-million Grand Velas Riviera Maya which was inaugurated last June by President Calderon.

Since its debut two years ago, Grand Velas Riviera Maya has earned numerous prestigious international awards including Conde Nast Johansens' "Most Excellent Spa Hotel in Mexico and Central America." The resort was awarded the exclusive and coveted Virtuoso status and its presidential suites were named among the top 101 hotel suites of the world by Elite Traveler magazine. Grand Velas Riviera Maya was also the only resort in Mexico and South America awarded the "2009 Commitment Quality Award" by The Leading Hotels of the World.

For more information on Velas Resorts, please visit www.velasresorts.com.

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