Belmond has struck a management deal with Cora Pacific Development to operate a third branded property in Mexico. Anticipated to open in 2025, Milaroca, A Belmond Hotel, Riviera Nayarit will be set on a 105-acre lush estate with a protected, two-kilometre pristine beach in Riviera Nayarit, a 40-minute drive from Puerto Vallarta International Airport. The project will also feature 27 private villas.