Dominican Today is reporting that President Danilo Medina met in the National Palace with Rafael Feliz, the CEO of Karisma Hotels & Resorts, who announced construction of a $300 million resort in Punta Cana, Dominican Republic next year.
According to the report, Feliz said by the spring of 2018, Karisma Hotels & Resorts will start construction of the Dorado Resort and Sensimar Resort hotels in the Cap Cana resort area, with 250 rooms each.
The executive added that starting from the agreement signed in early 2017 with the hospitality brand Margaritaville Holdings, the first luxury resorts Margaritaville All Inclusive by Karisma are being developed, including the first Margaritaville in Punta Cana, whose construction is also planned for 2018.
This confirms the news Travel Agent first brought you back in February when we reported on a landmark partnership between Karisma Hotels & Resorts and Margaritaville Holdings to develop a collection of all-inclusive Margaritaville resorts.
Mandy Chomat, executive vice president of sales and marketing for Karisma Hotels & Resorts, told us back in February that Caribbean destinations that were being considered for Margaritaville resorts included Punta Cana; Jamaica, The Bahamas and Antigua, where Karisma recently announced expansions plans to back in December.
"This is going to be great for Millennials because Millennials are all about authentic experiences, but Margaritaville is going to attract Parrot Heads and there are Parrot Heads out there from Millennials to Baby Boomers," Chomat told Travel Agent earlier this year. "You would be surprised by the demographics and the ages that cater to (Buffett's) songs and products."