Cap Cana Joins Ritz-Carlton to Develop Dominican Republic Property

Luxury resort community Cap Cana, S.A. has recently announced a two-fold partnership with The Ritz-Carlton Hotel Company, L.L.C. to develop a luxury resort, The Ritz-Carlton, Cap Cana, and a residential venture known as the Residences at The Ritz-Carlton, Cap Cana. The 220-room resort will compliment Cap Cana's existing developments and will feature a range of luxury amenities, including a lavish 16,000-square-foot spa, a private beach club, and five restaurants and lounges. The Ritz-Carlton, Cap Cana and the 194 privately owned beachfront and golf Residences at The Ritz-Carlton, Cap Cana are scheduled to open in early 2010 and are part of a two-phase $1 billion endeavor (real estate sales and construction). Visit [www.ritzcarlton.com].

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