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CAP CANA CONTINUES CONSTRUCTION OF 4,106 NEW ROOMS

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Source: Diario Libre

The construction of hotels, villas and apartments within the tourist, hotel and residential destination, Cap Cana, has been rapidly activated since the reopening of work, business and commercial activities in the country.

The Margaritaville by Karisma hotel, located in Juanillo Beach, the II Lago at Cap Cana apartments, the Siete Mares by Logroval residential tower, the development of the new Las Iguanas Golf Residences and; in Ciudad Las Canas: the Jazz Lounge residential project, Cana Mar and Cana Alta; are some of the projects that have restarted construction, “demonstrating the confidence that local and international investors have in this destination and in the Dominican Republic,” a statement said.

The restart of these buildings immediately represents the generation of 2,200 jobs that are added to more than 4,106 new hotel rooms. These buildings will contribute to the growth and real estate tourism development of the country, especially in these times of global pandemic and economic recession.

The development of these real estate projects represents an estimated investment of about US $ 237 million.

In a statement, they indicated that the massive cancellations of employees, the paralysis of buildings and even the closure of hotels and projects has strongly impacted the sector, so the continued development of these buildings “represents an immediate contribution to the Dominican economy and a vote of confidence in the legal security of the country ”.

“Cap Cana has shown its commitment to contribute to the economic and social growth of Dominicans by creating a leading tourist and real estate destination whose investment exceeds US $ 2.5 billion.”

To date, the destination has 26 residential areas and important hotel chains such as the Secrets Cap Cana hotel by AM Resorts, the Hyatt and Sanctuary hotels by Grupo Playa, the TRS in Palladium and the Eden Roc hotel, which provide more than 5,000 rooms and where today, thousands of people continue to work in the tourism, services and construction sector.