Two ATP 250 tournaments will be changing locations next season.

The two-year-old event in Bogota, Columbia has been sold and will move to Cabos, Mexico, with organizers citing a difficult economy not allowing the tournament to be profitable. The ATP officially announced the change, with the tournament still scheduled for the beginning of the hard-court season.

The Valencia tournament will be moving to Antwerp after being unable to find a title sponsor. It had been played at its indoor location since 2009. Local economic problems also forced the government to reduce its financial commitment to the event, and the tournament had to be played in a temporary arena this season because of upkeep problems with Agora hall.

The changes were up for approval at the ATP board meeting during the ATP World Tour Finals in London.