Nayarit is Mexico's top state for private investment, reported local news website, Banderas News, last week.

Quoting Nayarit's Secretary of Tourism, Edwin Hernandez, they said more than $655 million have been invested in the state so far in 2009.

Examples of investment in Nayarit real estate and tourism include the St. Regis Hotel, Hotel Dreams Villamagna and the Marina Riviera Nayarit.

The Hotel Grand Luxxe Nayarit real estate project is also expected to be completed in 2010, along with renovations to the Grand Mayan Hotels, Mayan Palace and The Sea Garden.

Hernandez said that condo hotels promoted by the state government have also played an important role in driving private funds to Nayarit.

The surge in investment in Riviera Nayarit real estate highlights the area as one of the hottest markets in the Mexican Riviera today.

Visit out Mexican Riviera pages for more about Nayarit real estate.