MEXICO - Real Estate & Construction
President, Amanali Country Club & Náutica
Hugo Burgos studied business adminstration and has an MBA with€¨a specialization in finance from the University of Texas. He also studied business administration at Harvard University. He was previously director general and partner at Operadora€¨de Bolsa. He eventually became independent and was a board member of various companies, including TV Azteca. He set up Promotora Inmobiliaria Hidalguense to promote real estate development in the state of Hidalgo.
Golf is a special sport in Mexico. There are no public golf courses in the country except for those in tourist areas in Puerto Los Cabos, Cancún. Inside Mexico City, and the rest of the country, we only have private clubs. In the US, there are about 26,000 golf courses, while in Mexico, we have around 300. Similarly, in the US, there are about 40 million golfers. In Mexico, we have about 300,000 golfers. We saw this opportunity and decided to open Amanali Country Club & Náutica. We also have a lake, so I usually call Amanali the new Valle del Bravo. Our market is basically Mexico City. Around 70% of our customers are from Mexico City, and we are only one hour away from it. At present, we have about 240 homes and eventually we will have 2,000 homes. We do not sell shares of our club but we offer memberships. So far, we have 400 memberships. Our maximum capacity is 700. Eventually, we will have space for 1,500 members. People started building houses here about five years ago, and we are currently building another 200 homes. We only use Mexican contemporary style in order to keep the same design throughout the golf course. A yearly membership costs USD12,000.
€¨We just started working on phase two. During the first one, we sold 1,000 lots in seven years. In the beginning, 1sqm cost USD75 and now it is around USD350. A house in Amanali costs USD500,000, and the annual maintenance fee is about USD40,000. This is of course a long- term investment.
MEXICO - Agriculture
General Secretary, National Food and Commerce Union (SNAC)