Royal Caribbean Group has confirmed it is buying the Port of Costa Maya in Quintana Roo, Mexico. The deal is reported to be worth nearly US $300 million and includes adjacent land at Mahahual. The cruise company plans major upgrades at the port and surrounding infrastructure.

The deal is tied to Royal Caribbean’s planned Perfect Day Mexico private destination, which will have a separate entrance from the port. Royal Caribbean said rival cruise lines will still be able to call at the port.

At a recent earnings call, Royal Caribbean Group CEO Jason Liberty said, “We’re still in the design and planning process for Perfect Day in Mexico,”

Although details are still scarce so far, Perfect Day Mexico, which will open in 2027, will have a water park, beach, restaurants, bars and pools.

Royal Caribbean is also bringing its land based Royal Beach Club concept to Cozumel in 2026.