Dominican Republic Attracts Mexican Hotel Investments
Source: Travel 2 Latam
“The main Mexican hotel groups constitute a decisive engine of Dominican tourism development; They are promoters of innovation in their accommodations, they raise medical and health standards to guarantee that are as safe as they are happy, they attract the attention of a very diverse profiles of visitors and their long-term views allow them to catch glimpse of a morning full of opportunities in times of uncertainty”, expressed Carolina Pérez, Director of the Tourism Promotion Office (OPT) of the Dominican Republic in Mexico.
Among the most significant Mexican hotel investments, the following stand out:
Original Group began the construction work of the Tempation Miches Resorts (its first resort abroad) on September 4, which is scheduled to open in 2022. This project wil generate 496 rooms and more than a thousand jobs in the Miches area, with an investment approximately $ 120 million dollars.
The Posadas Group plans the opening of the Live Aqua Beach Resort Punta Cana in 2021; It will be their first complex in the Dominican Republic, it will have 347 suites and its architectural design will facilitate the communication between modernity, luxury and environmental care. On the same dates, the construction of the Grand Fiesta Americana Los Corales in Punta Cana will begin with an estimated investment of 130 million dollars, in partnership with the Los Corales Development company.
After a successful bet with Hard Rock Hotel & Casino Punta Cana, the RCD Hotel Group plans its second property on the island under the name “Latitud 18” in Santo Domingo.
Along with the new properties, we must mention the projects promoted by the Grupo Playa Resorts under the names of Hyatt Ziva Cap Cana and Hyatt Zilara Cap Cana that opened their doors at the end of 2019 (they have 750 rooms and represent the vanguard of Hyatt in the Dominican Republic).
The Dominican Government, through the Ministry of Tourism led by David Collado, contemplates within its tourism plan a set of measures whose implementation will generate significant opportunities for foreign investment and will contribute to the integral development of the nation.
Public-private partnerships will be reinforced under the premise of transparency and efficiency in management, an institutional commitment that will guarantee existing or planned investments and will attract the interest of other large international corporations.
It should be noted that the Tourist Development Council (CONFOTUR) approved 52 projects during the first half of the year with an estimated investment of USD $ 5,323.2 million and that they will provide about 30,346 new rooms. This data strengthens the consideration of the Dominican Republic as a destination that is open to the world and where the well-being of its population is possible thanks to the progress of an industry that’s dynamic and holds high levels of employability.