Grupo Aeroportuario del Sureste (Asur), S.A.B. de C.V. (NYSE: ASR) has acquired approximately 321 acres of land in Huatulco Bay, Oaxaca state, for approximately US$21.6 million, according to a report in Business News Americas (BNA).

Asur acquired the land on October 20, 2008 from Mexico’s National Trust for Tourism Development (FONATUR).  The Mexican government has sought to make Huatulco a new pacific coast tourist hub.

The terms of the acquisition require Asur to build 1,300 hotel rooms on the property over a four-year period, the BNA report said.