Playa del Carmen to Sign 154-Million-Peso Credit; Funds Expected Next Week

Playa del Carmen, Quintana Roo — Playa del Carmen will sign a short-term credit agreement for up to 154 million pesos on Friday, after both parties completed their review of the contract with the selected financial institution. Municipal Treasurer Guillermo Brahms said the funds could be available starting next week.

“We are about to sign it today, so that the funds are disbursed next week,” Brahms said.

The financing, previously authorized by the city council, is a short-term obligation that must be settled before the current municipal administration ends. Brahms said the terms obtained in the process are favorable for the municipality and the contract is ready for formalization. He also noted the credit will not involve restructuring Playa del Carmen’s long-term debt.

“The long-term debt is doing well; payments are being made on time and in full,” he said.

With the signing scheduled for Friday, the next step is the disbursement of the 154 million pesos, expected during the coming week.

Vacation rental registration platform

In a separate matter, about 16,000 vacation rental spaces could be incorporated into the new municipal system that began operating in Playa del Carmen, according to Brahms.

The platform will allow short-term rental hosts to register directly and comply with their corresponding obligations. Brahms said the initial phase will rely on self-registration while the city prepares a mass outreach campaign to inform property owners and operators about the procedure.

“They will have to register themselves on this platform,” he said.

Officials estimate that about 16,000 lodging spaces are currently offered through digital platforms in the municipality. The scheme covers accommodations marketed through the various digital platforms that operate under the vacation rental model.

“Platforms that offer this type of lodging will have to comply with the vacation rental rules, which is the appropriate concept,” Brahms explained.

The registration will bring these properties under the municipal framework and will be accompanied by a campaign to guide operators through the sign-up process.