sbe today announced a partnership with Be Grand and its CEO Nicolas Carrancedo to continue the aggressive expansion of the Mondrian brand with the first-ever Mondrian Hotel & Residences in Mexico City. This property will also be the first of ten sbe-branded properties that sbe and Be Grand will bring to Mexico City and its metropolitan area in the next five years. The second project to be announced will be Mondrian Del Valle, which will debut in 2022. The COLLONIER-designed tower will include 248 branded residences.
In addition to the Mondrian properties, the upcoming projects will include other acclaimed sbe brands such as SLS and HYDE. Within these projects, sbe will also bring over 25 restaurant and lounge concepts featuring brands including Carna, Katsuya, Fi’lia, Cleo, S Bar and Doheny Room.
Breaking ground in Q1 of 2019 and set to open in 2021, Mondrian Polanco Hotel & Residences will boast 144 hotel rooms including 15 luxury suites and 126 branded residences.
“We are extremely proud to begin our longstanding partnership with my dear friend Nicolas Carrancedo and Be Grand, one of the largest and most respected development companies in Mexico,” said Sam Nazarian, Founder and CEO of sbe. “We are thrilled to bring the Mondrian brand to this prestigious district and cultural hub in Mexico City, and to break ground on future sbe branded properties in Mexico with Be Grand.”
“We are thrilled to start this collaboration with sbe and its CEO, Sam Nazarian. The collaboration will bring a full circle lifestyle experience to Mexico City, from hotel and residences, to world renowned cuisine. We look forward to creating incredibly memorable destinations, through this collaboration with sbe, in our cosmopolitan capital,” said Nicolas Carrancedo, CEO of Be Grand.
This project speaks to the overall global expansion of sbe, and the critical role that Mexico plays in the company’s international growth. Mondrian Polanco’s debut precedes the upcoming openings of nine other sbe-branded properties in collaboration with Be Grand over the next five years. The debut of Mondrian Polanco Hotel & Residences also substantiates the incredible growth of sbe’s residential platform, with 1,300 branded residential units sold to date, valued at $2 billion and $1.8 billion more in the pipeline.
The anticipated development is poised to become a landmark destination in Polanco, a district that is known as one of the best-kept secret treasures in the world. Mondrian Polanco Hotel & Residences will raise the hospitality bar amongst some of the city’s most famous museums and world class restaurants, unveiling sbe’s signature lifestyle entertainment to the area, offering visitors and tourists a brand-new luxury lifestyle mecca.