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Real estate company files lawsuit against municipality of Cozumel

Cozumel, Q.R. — A real estate company has filed a lawsuit against the municipality of Cozumel for failing to deliver a water area. The suit was filed last week by Inversiones Turísticas del Caribe S.A.P.I S.A. de C.V. against the municipality for failing to deliver a marina area called La Caleta.

In March of 2011, the company had allegedly signed an agreement with Fonatur for the property that was supposed to be used to build a yacht club. The agreed upon area was just over 14,000 square meters of land and 20,700 square meters of water area that was to become part of a hotel complex.

However the company that owns the Presidente hotel where the marina was supposed to be built says they did not receive the land to build the yacht club as agreed due to objections by local residents and fishermen.

The lawsuit was filed in a Mexico City court last week for $60 million USD.