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Punta Cana to Attract Luxury Clients to Dominican Republic With Cap CanaMarch 5, 2007 By: Joe Pike Travel Agent
Donald J. Trump signs on for multi-billion dollar upscale development project
The Dominican Republic will soon be attracting more luxury travelers, as the Cap Cana development in Punta Cana progresses. The visitor profile now is couples, including honeymooners, and families. But Dominican Republic tourism industry observers predict that luxury travelers will soon become the majority of visitors.
Mike Lapointe, vice president of product development for
Apple Vacations, which books about 40 flights to Punta Cana every winter, says
the latest development of real estate luxury products and hotels will mean
bigger spenders to the
"If you get people looking to spend around $250 to play
a round of golf, we're not exactly talking about your average family
anymore," Lapointe says. "Cap
will draw people with a lot of money."
And when there's money to be made in real estate, there's
usually a familiar name involved: Trump.
Donald J. Trump recently signed a partnership agreement with
Cap Cana, S.A. to develop a luxury resort that will include a golf course, golf
villas and golf lots, estate lots, a beach club, a condo hotel, and residences
with ocean views that together will be called Trump at Cap Cana.
The real estate luxury products to be developed represent an
estimated value of more than $2 billion. The agreement was signed on February
16, 2007, by Cap Cana's Board of Directors President, Dr. Ricardo Hazoury and
Trump, CEO and president of The Trump Organization.
The first product to be developed within the partnership,
"Trump Farallon Estates at Cap Cana," will include 68 estates (with
at least 1.5 acres each). The estates will be within a gated community on top
of the highest bluff in the area, at 200 feet above sea level, where residents
will have views of the entire Cap Cana property and the
Homeowners in the Farallon community will get special
memberships to a variety of clubs, and amenities within Cap Cana. Reservations
for Trump Farallon Estates at Cap Cana are limited and are currently being
accepted on a first come, first serve basis.
"I am excited to be building Trump at Cap Cana for
several reasons. Not only is the Dominican Republic an exceptionally beautiful
place with a wonderful history, but the allure of Cap Cana makes this a unique
destination in the Caribbean," said Trump in a news release. "I look
forward to visiting often with my family."
Cap Cana, described as one of the most important real estate
and tourism destinations in the Caribbean, is adjacent to the
With a master plan investment projected at $1.5 billion, the
first stage of Cap Cana will be on 8,680 acres (of a total of more than 30,000
acres) and will take place over a span of 10 to 12 years.
At the completion of the master plan, Cap Cana will have
more than 5,000 residential units and at least four luxury hotels. Also
included are three Jack Nicklaus Signature Golf Courses (the first, Punta
Espada, opened in November 2006) and a marina with more than 1,000 slips for
yachts up to 150 feet. The first phase of the marina will be inaugurated in
Additional services and amenities include boutiques, fine
dining restaurants, world class spas, exclusive membership clubs, water sports,
polo, and horseback riding facilities.