Investment

Xeliter to offer apartments in Juan Dolio

Xeliter to offer apartments in Juan Dolio

on May 8, 2013, / in Juan Dolio, Real Estate

Xeliter Serviced Residences recently incorporated three vacation real estate projects, thus expanding its range of tourist accommodations in the Dominican Republic by offering villas and apartments. The new condos are Marbella, Costa del Sol I and II, both located on the beachfront community of Juan Dolio situated some 45 minutes east of the capital city of Santo Domingo. Xeliter, which [...]

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Open window for investment

Open window for investment

on April 18, 2013, / in Investment

In order to facilitate foreign investment and contribute to economic growth, the government of the Dominican Republic has put in place an “Open Window for Investment,” an innovative method that will facilitate the issuance of permits, licenses and certifications to all those interested in investment opportunities in the DR. The “Open Window” system is operated by the Dominican Republic’s Export [...]

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Blue Diamond Will open two hotels in Punta Cana in november

Blue Diamond Will open two hotels in Punta Cana in november

on March 21, 2013, / in Hotels, Investment, Punta Cana

The Blue Diamond Hotels & Resorts chain, a division of the Sunwing Travel Group, announced that it is scheduled to open two five-star facilities in Punta Cana, in the eastern region of the Dominican Republic, on November 2. The company also announced that rooms in this five-star hotel will Dream Beds and 250-thread count sheets, cascade-style shower heads, wireless internet [...]

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Construction on Aman Hotel Begins in “Playa Grande” in the North Coast of the Dominican Republic

Construction on Aman Hotel Begins in “Playa Grande” in the North Coast of the Dominican Republic

on March 14, 2013, / in Hotels, Investment, Other Destinations

The Playa Grande Holdings company began construction of a US$500 million luxury resort that will be situated in “Playa Grande,” one of the country’s most beautiful beaches. The ground breaking ceremony was attended by President Danilo Medina. In this first phase, the overall investment will be US$50 million, and will include a six-star hotel featuring 30 rooms and 38 villas. [...]

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Modern facilities for the general public in Playa Grande

Modern facilities for the general public in Playa Grande

on March 12, 2013, / in Investment, Other Destinations

Playa Grande, one of the most popular and beautiful beaches of the Dominican Republic’s north coast, now features excellent facilities for the use of the general public. The new infrastructure, valued at US$2.5 million, occupies 37,000 square meters. Two USbased private companies came together and built a plaza with food and refreshment stands, public baths and locker rooms, and a [...]

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Be Live Hamaca refurbishes facility

Be Live Hamaca refurbishes facility

on March 6, 2013, / in Hotels, Investment, Other Destinations

The Globalia Group recently concluded the refurbishing of its Be Live Hamaca hotel, situated some 15 minutes east of Santo Domingo’s international airport and 30 minutes from the country’s capital city.  The hotel refurbished most of its common grounds, restaurants, rooms and its popular Pelican Restaurant, overlooking one of the country’s most beautiful beaches.   The Be Live Hamaca is located [...]

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US Company holds ground breaking ceremony for new tourism resort

US Company holds ground breaking ceremony for new tourism resort

on February 26, 2013, / in Investment, Puerto Plata, Samana

The President of the Dominican Republic, Danilo Medina, participated in the groundbreaking ceremony of a new tourism complex that will be situated in “Playa Grande,” in the country’s north coast. The “Costa Norte” complex will be situated between the north coast cities of Puerto Plata and Samaná. The project will feature a boutique hotel and residential lots. The three-phase development [...]

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Spain’s OHL Group shows interest in developing luxury resort in the DR

Spain’s OHL Group shows interest in developing luxury resort in the DR

on February 11, 2013, / in Hotels, Investment

The OHL Group of Spain, one of Europe’s most important construction companies, informed the Dominican Ministry of Tourism its interest in developing a luxury resort complex in the Dominican Republic. The complex would feature several hotels, a golf course and marina, to be built on three million meters of land. OHL is the owner of the famed Mayakoba resort (situated [...]

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World Bank reports on improved business climate in the DR

World Bank reports on improved business climate in the DR

on November 8, 2012, / in Economy, Investment

A report by the International Finance Corporation (IFC) and the World Bank reveals that the Dominican Republic is among the six Latin American economies that since 2005 have significantly improved their local business environment. The report, Doing Business 2013, says that the Dominican Republic is ranked 45th among 50 world economies that since 2005 have improved their regulations regarding commercial [...]

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New dominican president will encourage more investment in tourism industry

New dominican president will encourage more investment in tourism industry

on August 27, 2012, / in Investment

Danilo Medina was sworn in on August 16 as the country’s President.  During his inaugural speech President Medina said that he hopes to encourage a “new wave of investment” in the tourism industry.  He reiterated that this sector “will be the engine of national development.” For President Medina, tourism will be one of the cornerstones of his economic policy. Last [...]

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