Cap Cana - Las Iguanas News

September 18, 2007

The Ritz-Carlton Hotel Company, L.L.C. Adds to Caribbean Presence With Exclusive Resort and Residential Project in Cap Cana, Dominican Republic

CHEVY CHASE, MD--(MARKET WIRE) -- The Ritz-Carlton Hotel Company, L.L.C. will expand its significant collection of exclusive Caribbean resorts and residential projects at Cap Cana in Dominican Republic, with a 220-room resort featuring a range of luxury amenities including a lavish 16,000-square-foot spa, private beach club, five restaurants and lounges, including Cap Cana's three Jack Nicklaus Signature Golf Courses. The Ritz-Carlton, Cap Cana and 194 privately owned, beachfront Residences at The Ritz-Carlton, Cap Cana are scheduled to open in early 2010 and are part of a two-phase $1 billion luxury project in this oceanfront Dominican Republic enclave. It will be the 10th Caribbean destination resort for the award-winning luxury hotel company.

The mixed-use project is ideally situated on more than five miles of coastline, directly on the best two-mile stretch of Juanillo Beach, considered one of the Dominican Republic's most scenic beaches. Island materials and an abundance of natural light will enhance guest rooms, all of which are projected to have spacious balconies and ocean views. The resort will include 8,000 square feet of meeting space (including a 5,800-square-foot ballroom), offering individuals and groups a range of choices for every occasion, from corporate meetings to destination weddings and social events.

Joining with Dr. Ricardo Hazoury and Cap Cana, S.A., The Ritz-Carlton, Cap Cana and The Residences at The Ritz-Carlton, Cap Cana will be the most luxurious development on the island. "We are extremely pleased to work with ownership, Cap Cana, S.A., to develop a lifestyle resort and residential community in this unique tourism and real-estate project located on the most eastern part of the Dominican Republic. With some of the finest beaches in the Caribbean, an abundance of golf courses and other recreational opportunities, this project will also offer our guests and owners a collection of designer shops, gourmet restaurants, and a significant area devoted to ecological preservation. It should attract affluent and sophisticated travelers from around the world, looking for leisure or group travel destinations that are truly exceptional," said Simon F. Cooper, president and chief operating officer of The Ritz-Carlton Hotel Company.

"We are proud to have in Cap Cana a world-class hotel company such as The Ritz-Carlton, considered the most recognized luxury brand in the world. We share the same services philosophy of quality and family values," said Dr. Ricardo Hazoury, President of Cap Cana's Board of Directors. "We are going to develop a product with a design that integrates the tropical style of Cap Cana, combined with the beauty of the nature around the project, its spectacular beaches and the magnificent views of the Caribbean Ocean," he said.

The Ritz-Carlton Hotel Company, L.L.C. of Chevy Chase, Md operates 66 hotels in the Americas, Europe, Asia, the Middle East and Africa. Over 30 projects are under development around the globe with future openings including Sanya, China; Dublin; Beijing; and Denver. The Ritz-Carlton is the only service company to have twice earned the prestigious Malcolm Baldridge National Quality Award, which recognized outstanding customer service. For more information, contact The Ritz-Carlton toll free reservations line at 1 (800) 241-3333, visit the company web site atwww.ritzcarlton.com, or consult a travel professional.

About Cap Cana, www.capcana.com

Located on the Eastern tip of the Dominican Republic, and just five minutes away from the Punta Cana International Airport, Cap Cana is called "The World's Next Great Destination." It is the most important tourism and real estate property in the Caribbean, with a master plan investment projected at US $1.5 billion, which will be developed in a span of 12-15 years and comprises an area of 35 million square meters (8,680 acres) of a total of over 120 million square meters (30,000 acres) with over three miles of white powder sand beaches. Cap Cana is a project recognized for its ambitious dimensions as a fully integrated luxury community.

At the completion of the master plan, Cap Cana will feature more than 5,000 residential units and at least four luxury hotels. Also included are five golf courses, three of them Jack Nicklaus Signature Golf Courses (the first, Punta Espada, opened in November 2006 and the second, Las Iguanas, under construction), and the most state-of-the-art marina of the Caribbean featuring over 1,000 slips catering to mega yachts up to 150 feet. The first phase of the marina was inaugurated in April 2007. Additional services and amenities include elegant boutiques, fine dining restaurants, world-class spas, exclusive membership clubs, water sports, polo, and horseback riding facilities, to name a few.

Cap Cana is part of The Abrisa Group, one of the main economic and diverse holding companies in the Dominican Republic. For the development of the project, Cap Cana has brought together an elite and experienced team of professionals which include Nicklaus Design, Coastal Systems International, Inc., The Trump Organization, Weitz Golf International, GVA, Troon Golf, and Stewart Title among others.

 

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