The event, which will be played for the first time on the PGA Tour, will take place in Vallarta, Mexico, from April 28 to May 1.
There will be 132 participants in the field, including 12 sponsor exemptions and at least four Latin American players. The prize pool will be $7.3 million, with a full FedExCup allocation.
The Mexico Open is the country’s national championship, dating back to 1944.
On Monday, Carlos Ortiz and Abe Ancer were among those who announced the host venue. Ortiz, who won the Houston Open last year, was coming off a second-place finish in Mayakoba. Ancer is coming off a spectacular season that saw him win his first PGA Tour tournament and compete in the World Golf Championship.