Murano Global Investments PLC announced that it has signed a non-binding memorandum of understanding with a leading global cruise operator to explore the potential to develop a cruise port destination on its property in Bajamar, Baja California, Mexico. The Baja Project is situated on the Tijuana Ensenada corridor, 60 minutes from the Tijuana/San Diego border and a few minutes from the beaches of Ensenada, Tijuana and Rosarito. The Baja Project expands Murano's development pipeline and represents a major enhancement of the project, which plans already included the development of a 370 key all-inclusive hotel and an industrial park.

With this addition, the property would be meaningfully enhanced with the cruise port destination, another hotel of up to 400 keys and a retail village to serve the tourist traffic that would be generated through the cruise port. While the cruise port plan is at an early stage, and there can be no certainty that the development progresses, this MOU marks a significant milestone for Murano as it builds out its pipeline. Murano believes that its Baja Project has several unique features which make it an attractive development opportunity.

With its strategic location, modern infrastructure, and skilled workforce, Baja Park is poised to become a hub for manufacturing and logistics in the region. Ensenada is strategically located on the west coast of Mexico, with easy access to the United States and the Pacific Rim. Murano's portfolio positions the company to capitalize on the country's strong travel and tourism fundamentals.

With an established track record and vast network of industry and brand relationships, Murano is poised for sustained growth. Management is led by Chief Executive Elias Sacal, Chief Operating OfficerMarcos Sacal and Chief Financial OfficerDavid Galan.