ITM Group MX

What ITM Group MX does

ITM Group is a privately held Mexican multidisciplinary company founded in 1990 and headquartered in Cancún, Quintana Roo, operating across three integrated business divisions: Cruise Ports, Real Estate Development, and Hospitality. The Cruise Ports division is the core engine and operates seven destinations spanning Mexico (Port La Paz, Ensenada Bay Village under development), the Dominican Republic (Port Taino Bay in Puerto Plata, Port Cabo Rojo in Pedernales, Port Samana opening November 2026), Honduras (Port Roatan), and Europe (Port Melilla in Spain, opened 2025), with combined throughput capacity including up to 14,000 passengers per day at Taino Bay, four simultaneous ships at Cabo Rojo, and 9,000 visitors per day at Ensenada Bay Village. The Real Estate Development division sells residential units and lots in the Mexican Caribbean under brands including Vanguardia Residences, Aldea Umm, Alborada Condos, Ku Mahahual, and H Living, with condominiums starting at approximately MX$2.9 million. The Hospitality division operates the Aloft Cancun hotel (under the Marriott Bonvoy distribution system) and the 14,000m² Cancun Center convention center, while Fundación Genera ITM runs the company's sustainability and community programs including the Puertos Circulares plastics-elimination initiative and the Distintivo Puerto de Cruceros training program that has certified over 10,000 Dominicans.

Revenue is generated through three mechanics: per-passenger and per-berth cruise port fees plus on-port retail, F&B, and attraction spend (transaction-fee model); one-time residential unit and lot sales (one-time license model); and recurring room revenue, event hosting, and convention services at the Aloft Cancun and Cancun Center (subscription/recurring model). Distribution is direct B2B to enterprise cruise line operators including Royal Caribbean, MSC Cruises, Norwegian Cruise Line, Carnival Corporation, Disney Cruise Line, Holland America Line, AIDA Cruises, Azamara, and Virgin Voyages, combined with B2C real estate sales supported by international roadshows (e.g., the Canada International Property Show) and Marriott-branded hospitality distribution. The company has 269 direct employees and operates with senior leadership under CEO Mauricio Hamui and Corporate Vice President Mariana Perrilliat; ownership is private with no disclosed institutional investors.

Name

ITM Group MX

Legal name

ITM Group

Website

https://itmgroup.mx

Company type

Private

Operating status

Operating

Headcount range

251–500 employees

Short description

ITM Group is a privately held Mexican company operating seven cruise ports across Mexico, Dominican Republic, Honduras, and Spain, alongside a Mexican Caribbean residential development pipeline and the Aloft Cancun hotel and Cancun Center convention center, serving global cruise lines (Royal Caribbean, MSC, Carnival, NCL, Disney) and individual real estate buyers.

Ownership category

akta.pro rank

Product category

Cruise Port Operations & Tourism Infrastructure

NAICS

Scenic and Sightseeing Transportation, Water (48721), Accommodation (721), Tour Operators (561520), Scenic and Sightseeing Transportation (487)

SIC

Water Transportation (4400), Hotels, Rooming Houses, Camps & Other Lodging Places (7000), Services-Amusement & Recreation Services (7900)

akta.pro primary industry

Tourist & Sightseeing Cruise Operators (Day Cruises) (TLAFALAF)

akta.pro secondary industries

Large-Scale Headquarters Convention Hotels (THAGALAH), Luxury Beachfront & Waterfront Villas (THAMAEAE), Luxury All-Inclusive Resorts (THAGAKAC)

Keywords

• Cruise port operations
• Tourism infrastructure development
• Residential real estate
• Hospitality services
• Destination development

Headquarters

HQ city

Cancún

HQ country

Mexico

HQ region

Latin America

Offices7 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Cruise Port Operations: Revenue from cruise ship arrivals, berth fees, passenger spending at port amenities including retail, dining, entertainment attractions (lazy rivers, pools, themed restaurants, amusement rides), and retail/leasing space to third-party operators.
2. Real Estate Development Sales: Sale of residential properties including single-family homes, condominiums, and residential lots in Mexican Caribbean developments. Vanguardia Residences offers units from $2.9 million pesos. Revenue from lot sales and pre-construction sales.
3. Hospitality Services: Hotel operations (Aloft Cancun) and convention center services (Cancun Center). Revenue from room bookings, event hosting, conferences, fairs, and exhibitions. Cancun Center has over 14,000m² of event space.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

ITM Group develops and operates integrated tourism destinations through three business divisions: (1) Cruise Ports — seven operational cruise port destinations across Mexico, Dominican Republic, Honduras, and Spain offering berthing, entertainment amenities (lazy rivers, pools, restaurants, retail, attractions), and destination experiences for cruise line passengers; (2) Real Estate Development — master-planned residential communities including condominiums, single-family homes, and residential lots in the Mexican Caribbean; (3) Hospitality — hotel (Aloft Cancun under Marriott brand) and convention center operations (Cancun Center with 14,000m² of event space).

Product overview

ITM Group is a Mexican multidisciplinary company operating three business divisions: Cruise Ports, Real Estate Development, and Hospitality. The Cruise Ports division manages seven destinations across Mexico, Dominican Republic, Honduras, and Spain including Port Taino Bay, Port Cabo Rojo, Port Samana, Port Roatan, Port La Paz, Ensenada Bay Village, and Port Melilla. The Real Estate Development division offers residential projects in Puerto Morelos and Cancun including Vanguardia Residences, Aldea Umm, Alborada Condos, Ku Mahahual, and H Living. The Hospitality division operates Aloft Cancun hotel and Cancun Center convention center. Additionally, Fundación Genera ITM foundation supports sustainable tourism and community development programs.

Differentiator

Problem solved

Functional benefit

Brands

• Port Taino Bay: Cruise port located in Puerto Plata, Dominican Republic
• Port Cabo Rojo
• Port Samana
• Port Roatan
• Port La Paz
• Ensenada Bay Village
• Port Melilla
• Vanguardia Residences
• Aldea Umm
• Alborada Condos
• Ku Mahahual
• H Living
• Cancun Center
• Aloft Cancun
• Fundación Genera ITM
• Puertos Circulares

Products and services

• Port Taino Bay Cruise port in Puerto Plata, Dominican Republic with capacity for up to 14,000 passengers per day and 3 berths. Offers lazy river, pools, restaurants, themed bars, and cultural entertainment showcasing Dominican heritage.
• Port Cabo Rojo Cruise port in Pedernales, Dominican Republic receiving up to 4 cruise ships simultaneously. Features Dune Rally, Baby Beach, amusement rides, pools, lazy river, retail areas, and Circu attractions. Generated 210 permanent direct jobs.
• Port Samana Cruise port in northeastern Dominican Republic featuring a dock for 2 Oasis class cruise ships and 3 recreational areas, including restaurants, bars, slow river spa with stilt houses, and floating platforms.
• Port Roatan Cruise port in Honduras inspired by Caribbean beauty with renovated facilities featuring kiosks, Caribbean restaurants, and a pool inspired by local beaches.
• Port La Paz Cruise port in La Paz, Mexico described as an oasis in the desert surrounded by crystalline waters, with vibrant energy and party atmosphere.
• Ensenada Bay Village Next-generation cruise terminal in Ensenada, Baja California developed with Carnival Corporation and Hutchison Ports. Features Legends of Adventure theme park and commercial entertainment district with capacity for 2 cruise ships and 9,000 visitors daily.
• Port Melilla Cruise port in the Autonomous City of Melilla, Spain on the Mediterranean coast. Features shops, themed restaurants, and public spaces celebrating the city's four cultures as a multicultural destination.
• Vanguardia Residences Residential club project in Puerto Morelos featuring commercial areas, sports amenities, and wellness center. Preserves 60% of green areas with 25+ amenities. Units starting from $2.9 million MXN pesos. Located 15 minutes from Cancun International Airport.
• Aldea Umm Residential lots project in Puerto Morelos offering amenities connecting residents with nature and natural views, designed for building dream homes.
• Alborada Condos Apartment project in Puerto Morelos near the beach, designed for investment and living with amenities including outdoor gym, swimming pools, gardens, and covered parking.
• Ku Mahahual Residential lots project in Costa Maya, Mahahual, offering exclusive benefits for residents in a peaceful atmosphere surrounded by greenery in the Caribbean.
• H Living First ITM residential project in Cancun fusing traditional architecture with contemporary style. Features coworking, rooftop, elevators, gym, and prime location on Cancun's main avenue.
• Aloft Cancun Hotel in the heart of Cancun's Hotel Zone, minutes from beaches and nightclubs. Operates under Marriott's Aloft brand, featuring rooftop, pool tables, and gym with open bar included.
• Cancun Center Convention center with over 30 years of experience hosting international events, congresses, fairs, and exhibitions. The only convention center in Cancun with over 14,000m² of space, outdoor areas, international cuisine, and advanced audio/lighting technology.

Quantifiable outcome

• 192,277 passengers received in first 2 years at Port Cabo Rojo with 47 cruise arrivals
• +3 more outcomes

Named customers11 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Eight partnerships are on record, tiered flagship, core and minor.

• Carnival CorporationflagshipStrategic or Co-development Partner · 5 December 2025Strategic partnership for Ensenada Bay Village cruise terminal development in Ensenada, Baja California. Carnival Corporation provides cruise traffic and operational expertise while ITM Group develops destination experiences. Project features Legends of Adventure theme park and colonial-style commercial village with capacity for 2 cruise ships and 9,000 visitors/day.
• Hutchison PortsflagshipStrategic or Co-development Partner · 5 December 2025Hutchison Ports serves as terminal concessionaire for Ensenada Bay Village, bringing port infrastructure expertise. Partnership with ITM Group and Carnival Corporation creates unprecedented business alliance for Mexican cruise tourism development.
• Reef Check Dominican RepubliccoreStrategic or Co-development Partner · 25 June 2023Collaboration agreement to monitor coral reef health at Bahía Honda, approximately 800 meters from Port Cabo Rojo. Monitors reef ecosystem before, during, and after port construction. Reef Check conducts bimonthly monitoring and comparative reporting on coral species (M. meandrites, D. labyrinthiformis, O. faveolata) and biodiversity.
• Florida-Caribbean Cruise Association (FCCA)coreGTM or Marketing PartnerITM Group is Platinum Member of FCCA, participating in PAMAC Destination Summit and industry events. FCCA represents 23 cruise lines and 200+ ships operating in Florida, Caribbean, and Latin America. Partnership provides access to cruise line decision-makers and destination development collaboration.
• Cruise Lines International Association (CLIA)coreGTM or Marketing PartnerActive participation in CLIA European Summit and Port & Destination Dialogue events. CLIA is the leading voice for cruise industry with 400+ leaders participating in summits. Herman Bautista serves as ITM Group representative in Europe presenting Port Melilla to European cruise industry.
• Ticket to FunminorStrategic or Co-development PartnerPartner for Comparte Melilla program at Port Melilla, inviting entrepreneurs and local groups to share culture, gastronomy, and history with cruise passengers. Joint initiative with Fundación Genera ITM to integrate community into cruise tourism.
• INFOTEP (Instituto Nacional de Formación Técnico Profesional)coreStrategic or Co-development PartnerAccreditation partner for Distintivo Puerto de Cruceros training program, which has trained over 10,000 Dominicans in hospitality and cruise tourism skills. Program developed by Fundación Genera ITM and Port Cabo Rojo.
• Autoridad Portuaria Dominicana (APORDOM)coreStrategic or Co-development PartnerPublic-private partnership for Port Samana development. APORDOM Director Jean Luis Rodríguez participated in project announcements and working sessions. Partnership involves public infrastructure, road connectivity, and destination development for Samaná peninsula.

Scale indicators12 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Palace Resorts: Palace Resorts operates luxury all-inclusive resorts across Cancun, Riviera Maya, and other Mexican Caribbean destinations. Comparable to ITM Group's hospitality division (Aloft Cancun, Cancun Center) in target market, geography, and guest profile.
• Grupo Vidanta: Grupo Vidanta is a major Mexican resort, real estate, and tourism infrastructure developer operating along the Mexican Riviera and Caribbean coast. Its integrated resort-branded real estate model in destinations like Nuevo Vallarta and Riviera Maya is directly comparable to ITM Group's Puerto Morelos real estate portfolio.
• Global Ports Holding: Global Ports Holding is the world's largest independent cruise port operator, managing terminals across the Caribbean, Mediterranean, and Asia. It is the most direct comparable to ITM Group's cruise port development and operation business, including similar focus on destination experience design and concession-based port ownership.
• Iberostar Hotels & Resorts: Iberostar operates a large portfolio of all-inclusive resorts across Mexico, the Caribbean, and the Mediterranean. Comparable to ITM Group in geographic concentration on Mexican Caribbean resort destinations and integration of tourism, real estate, and sustainability programs.
• Playa Hotels & Resorts: Playa Hotels & Resorts is a publicly traded owner and operator of all-inclusive resorts in Mexico, Jamaica, and the Dominican Republic. Directly comparable to ITM Group's hospitality and resort-style real estate operations in the Mexican Caribbean and broader Caribbean basin.

Broad incumbents

• MSC Cruises: MSC Cruises is the third-largest global cruise brand and a key ITM Group customer at Taino Bay and other destinations. Its growing Caribbean deployment and purpose-built port investments (Ocean Cay) make it a comparable cruise-and-destination operator.
• Norwegian Cruise Line Holdings: NCL Holdings operates Norwegian, Oceania, and Regent Seven Seas and is a cruise line customer of ITM Group at Cabo Rojo and other Caribbean destinations. Operates its own private destinations (Harvest Caye) and competes for Caribbean port share.
• Carnival Corporation & plc: Carnival Corporation is the world's largest cruise operator and ITM Group's strategic partner for the Ensenada Bay Village project. It also develops and operates its own cruise port destinations in the Caribbean and operates a broad portfolio of cruise brands.
• Royal Caribbean Group: Royal Caribbean Group operates multiple global cruise brands and is one of ITM Group's largest cruise line customers, calling at Taino Bay, Cabo Rojo, and Samana. It also invests in destination infrastructure at Perfect Day at CocoCay and Labadee, giving it comparable cruise port development expertise.

Regional players

• Bahamas Cruise Port (Bahamas Paradise Cruise Line / related entities): Caribbean-focused cruise port operators and developers serving Florida-Caribbean itineraries. While smaller and more regional than ITM Group's network, they operate in the same Caribbean cruise destination space with comparable passenger-throughput business models.

Market position

Strengths1 record

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

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Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ITM Group MX