The Best New Hotels in Mexico and Latin America: 2025 Hot List
We've spent the last 12 months sleeping, eating, and sailing our way around the globe in order to bring you the 29th edition of the Hot List, our carefully curated annual collection of the best new (and reborn) hotels, restaurants, and cruise ships in the world, and we had a ton of fun doing it. How could we not when it involved activities like zip-lining to dinner in the Maldives, sleeping in an actual tree house in Kenya, and eating a truly memorable meal in a converted auto body shop in Mexico City? The through line of this year’s list is joy—something we could all use a little more of in our lives. These are the 2025 Hot List winners.
Click here to see the entire Hot List for 2025.
This story appears in Condé Nast Traveler's Hot List issue. Never miss out when you subscribe to Condé Nast Traveler.
Banyan Tree Valle de GuadalupehotelBanyan Tree Veya Valle de Guadalupe — Mexico
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Hot List 2025 
Readers' Choice Awards 2025Located in the vast northern Baja California peninsula, Valle de Guadalupe has long been a favorite for in-the-know West Coast travelers. But now the Napa of Mexico has stepped into the global spotlight thanks to the July 2024 opening of Banyan Group’s wellness hotel Banyan Tree Veya Valle de Guadalupe—the first international luxury property in the area. Designed by acclaimed Mexico City–based architect Michel Rojkind, it features 30 earthy pool villas, five restaurants, and a slew of regionally inspired spa treatments. But in true Valle de Guadalupe fashion, the shining star just may be the property’s private winery, Pictograma. Purists might wonder whether a wellness retreat is the right place for a winery. One glass of post-hydrotherapy red will erase any doubts. From $339. —Annie Daly
Joe Thomas/Four SeasonshotelFour Seasons Resort and Residences Cabo San Lucas at Cabo Del Sol — Mexico
$$$ | Hot List 2025 Readers' Choice Awards 2025Just when you thought Cabo couldn’t possibly need another top-shelf resort, the Four Seasons opens on a sweep of pristine coastline between the towns of Cabo San Lucas and San José del Cabo and proves you wrong. Of course it has the requisite Baja building blocks–excellent fish tacos, Pacific views, and a chic pool scene–but what sets it apart is that it stays true to its location and history while feeling thoroughly grounded in the present. Like its updated take on a traditional Mexican village square, including a cobblestone drive and whitewashed buildings but also a buzzy artist-in-residence studio and a gourmet deli with great coffee and regional wines and spirits. Or its excellent Nikkei-inflected restaurant Cayao from Mexican-born chef Richard Sandoval. Or the stunning Tierra Mar spa that marries Indigenous healing modalities with cutting-edge technology. Perhaps Cabo didn’t need just any luxury hotel–it needed this one. From $1,380. —Rebecca Misner
Nekajui, A Ritz-Carlton ReservehotelNekajui, A Ritz-Carlton Reserve — Liberia, Costa Rica
$$$ | Hot List 2025 Readers' Choice Awards 2025On Costa Rica’s Papagayo Peninsula, the preexisting situation of symbiotic luxury has just gotten richer with the arrival of Nekajui, which sits like a bird of paradise brooding atop its nest on the hill. From this vantage point, you’ve got a clean view of the densely wooded, monkey-populated hillside that slopes straight down to the beach and Pacific Ocean beyond (we recommend taking the funicular to and from). The moment you pass through the heavy wood doors of the entry casita and stand in the gaslit courtyard’s center beneath the ceiba tree (the branches of which are thought to reach heaven), you’ll feel like you’ve made it there yourself or, at least, to the cultivated estate of a particularly prosperous friend. The highlight to end all highlights every day is the sunset, which can be enjoyed from just about any spot in this western-facing enclave: the suspension bridge, the terrace with a cocktail, your balcony. Stay long enough to see it from at least a few different angles. From $2,390. —Charlie Hobbs
