that used to be the Intercontinental, and the price is FULLY INCLUSIVE of food, beverages, tips and taxes! That is a steal!
Note the price is for a single bed! single occupancy. Extra person is significantly more, so if you have two people better book two rooms, and you can always negotiate something for adjoining or a king room.
I heard that October for Ixtapa, Cabo, and PV, they were running at something like 10% occupancy...