120 upscale units at an average of 1 million $$ a pop will take a couple of years to build. The economy is still on edge, so I bet it will take longer if sales are slow..Playa del Carmen is awash in new condo developments that are not sold, as is Cancun...why the Royals would even venture into such a model is difficult to understand, especially with the Royal Mayan coming on stream. Even if the Royal management does not pick up the resale, someone will, dumping yet another 200 units on the market...then you have to look at developments at Puerto Cancan, Playa Blanca and Tulum, the area is simply awash in all kinds of space, with few buyers...if the economy in Europe is faltering, and the economy in America is slow, to say the least, who are the buyers?