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Spain group to build 1,100 hotel rooms in east region, could cost US$400M

Santo Domingo.- The Spanish group OHL Desarrollos will build 1,100 hotel rooms in Dominican Republic’s east region, including a golf course and a marina.

Tourism minister Francisco Javier Garcia made the announcement and said the project, to be built on a 3.0 million square-meter area, will have a big impact on Dominican Republic’s tourism investments.

He said OHL’s rooms will boast high standards, “outside the model of the everything-included projects.”

OHL is one of Spain’s leading developers and one of Europe’s most important.

He said the investors will visit Dominican Republic within the next 90 days to finalize plans and start the project.

Garcia, who spoke to Dominican journalists in Spain’s International Tourism Fair (FITUR), in which around 12,000 companies take part, didn’t specify the project’s cost, but a source close to the investors said it was more than US$400.0 million.

Source: DT

Category: DR News |

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Last updated October 26, 2016 at 10:54 PM
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