An extension of the prestigious resort area of Punta Mita, Litibú is one of Riviera Nayarit’s fastest growing areas, with eight new hotels and resorts on the way, thanks the support of Fonatur, Mexico’s national tourism department. Among them is La Tranquila composed of 73 exclusive private residences (in the first phase of development) situated on the Bay of Banderas that will be sold in 1/12 fractional shares, thus offering vacationers all the amenities and pleasures of luxury second home ownership without the extravagant cost. The residences will range in size from one-bedroom and one bath to three bedrooms and three baths. Iberostar Hotels & Resorts is also building three hotels in Litibú, the first, opening this year, offering 560 rooms.