Pablo Escobar’s Former Mexican Hideaway to Become $100 Million Luxury Beach Resort

Thor Equities LLC via Bloomberg

Thor Equities plans to spend as much as $100 million transforming the beachfront property that once belonged to the cocaine kingpin Pablo Escobar. Thor Equities LLC via Bloomberg

Skift Take: Pablo Escobar supposedly once said, “Everyone has a price. The important thing is to find out what it is.” For real estate owner Thor Equities, the price reportedly is $17.5 million for the drug lord’s former beachfront property in Mexico. The new owner wants to build a 40-room hotel.

— Sean O’Neill

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Airbnb’s Policy to Protect Hosts From Scammers and 10 Other Top Hospitality Stories This Week

Airbnb

Airbnb this week announced that it intends to remove extortionary reviews, such as those written in retaliation for the host not providing a late checkout. Airbnb

Skift Take: This week in hospitality, Airbnb announced a series of measures to protect hosts from misbehaving guests. Meanwhile, U.S. hospitality chains confront labor shortages, and demand is growing for luxury tented camps as mindful travel gains traction.

— Faye Chiu

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St. Maarten Is a Top Port of Call for Superyachts and Their Billionaire Owners

Levent Kisi  / Bloomberg

Eclipse, the private luxury yacht of Russian billionaire Roman Abramovich, anchors at Hisaronu Bay in Marmaris district of Mugla, southwestern Turkey on October 19, 2015. The 163-meter-long Eclipse has two helicopter pads, 24 guest cabins, two swimming pools, a disco hall, a movie theater, and two mini-submarines. Levent Kisi / Bloomberg

Skift Take: This season, the billionaire Roman Abramovich’s Eclipse is the biggest yacht off of St. Maarten. The luxury vessel is one of many superyachts that are docking currently on the Caribbean island and driving luxury tourism there.

— Sean O’Neill

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