Mexican real estate and investment firm Sun-Star Group have announced an agreement for the development and operation of a luxury Radisson Blu Resort & Spa at Lake Chapala, with an option for additional territories.

Lake Chapala is a popular destination located within 50 kilometres of Guadalajara, Mexico’s second largest city, and located within 25 minutes of Guadalajara’s international airport.

The group selected Ajijic at Mexico’s Lake Chapala for its first development, because of the unique demographic make-up of the market.

“Our experience in the Mexican real estate market combined with our international affiliations has already generated a great deal of interest both domestically and internationally in our Lake Chapala project as well as the other territories that are part of our agreement with Carlson Rezidor Hotel Group,” Eduardo Hernandez Rodriguez, the group’s CFO said.

Construction of The Radisson Blu Resort & Spa Ajijic is slated to begin during the fourth quarter of 2016.

The project is estimated to create 200 construction and 80 full time jobs.

Radisson Blu flagship hotels are found in prime locations around the globe, with more than 395 properties now open or in development in more than 110 countries.