In a special visit to Cap Cana, Punta Cana’s premier luxury resort and real estate community, Donald J. Trump held a press conference to highlight the many recent developments in his Trump at Cap Cana project, announcing a new condo hotel, beach club and world-class golf courses on site.

Accompanied by Dr. Ricardo Hazoury, President of Cap Cana’s Board of Directors, and Fernando Hazoury, Vice President of the Cap Cana Board, Trump expressed his passionate belief that “Cap Cana is one of the most wonderful places in the world, known world wide for its highest level of luxury and exclusivity - with beautiful natural surroundings as well as a solid plan for its development.”

Dr. Hazoury expressed his pride in the Dominican Republic and its recognition as a prime destination for luxury real estate tourism development, attracting great brands and foreign investment that make significant contributions to the national economy. “This is the future of our country.”

Trump has invested an important sum into this project which will increase over the maturity of its development. He emphasized the country’s stability and safe climate, as well as Cap Cana’s solid reputation as his main reasons for making this ongoing investment.

“The present real estate crisis in the United States has not affected Cap Cana, as its property owners do not come from one single country, but rather from all over the world. My perception is that within the next 12 months, the situation in the United States will resolve and will stabilize.”

Trump also announced that Hanse Golf Course Design Inc., one of the leading international golf course design companies, will be designing the first of Trump at Cap Cana’s new golf courses, Farallón and Dolinas, perched well above sea level on the project’s stunning bluff.

The team at Hanse Design firmly believes that the world’s best golf courses begin with the quality and foundation of the land. The supervision of this construction process is constant and committed through all its personnel in each international project, as is the case for Trump at Cap Cana.

The bluff’s courses will have strategically placed challenging sand traps, greens, and will be close one another without interfering in the development and design of the other course. Farallón, which consists of 7,215 yards of championship golf, is set amongst natural flora and a landscape dominated by the sand and sea, with three fabulous holes bordering the cliff face. Dolinas, boasting 7,290 yards of championship golf, will have a clean and clear native landscape, bordered by the abundance of trees, flowers, and spectacular dolinas.

About Cap Cana

Cap Cana is the most important tourism and real-estate project of the Caribbean. With a master plan investment projected at $1.5 billion, the first stage of the project 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); 5.5 kilometers (3.5 miles) of virgin beaches and privy to a privileged climate. In its initial phase, the project will have more than four 5-star hotels, five golf courses, three of them being Jack Nicklaus Signature Courses, one of the most complete and modern marinas in the Caribbean and a total of 5,000 residential units and 500 hotel rooms.

http://dr1.com/realestate/developments/capcana/

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Trump at Cap Cana Sells $350 Million of Residential Real Estate in One Day Event

CAP CANA DOMINICAN REPUBLIC Breaks All Records In The Caribbean

Cap Cana, one of the world’s most exclusive tourism and real estate destinations, reached a new sales record, selling US $350 million gross and more than 95% of inventory in the first four hours of the Trump Farallon Estates at Cap Cana sales launch. Trump Farallon Estates constitutes the first product launched by the joint venture deal recently signed between Donald J. Trump and Cap Cana, S.A.

The sales launch is the highest figure reached in the shortest amount of time by any tourism real estate project in the Dominican Republic or the Caribbean. Trump Farallon Estates consists of 68 lots of land, ranging in size from 1.6 to 12 acres, and priced from US $3 million to US $12 million.

The estates will be located within a gated community on top of the highest bluff in the area, at 200 feet above sea level, with stunning views over the entire Cap Cana property and the Caribbean Sea.

Mr. Trump arrived at Cap Cana for the sales launch, meeting with Dr. Ricardo Hazoury, Cap Cana’s Board President, as well as the distinguished owners of this unique product.

“We are very pleased by the extraordinary results obtained at this sales launch, it has been spectacular. This reflects, without a doubt, the trust buyers have in Cap Cana,” stated Dr. Ricardo Hazoury.

Trump assured that never before has a Caribbean real estate project sold the record established by Trump at Cap Cana in just one day.

Reiterating his sentiment of Cap Cana’s greatness, Trump congratulated the fortunate buyers on their investment. He emphasized that throughout his years traveling around the world and making successful real estate investments, he had never found a place like Cap Cana.

Following this extraordinary sales launch, Cap Cana continues to be extremely attractive to future investors interested in Trump at Cap Cana, both at the national and international level. Future Trump at Cap Cana developments include a golf course, golf villas and golf lots, estate lots, a beach club, a condo hotel, and residences with ocean views.

Located in the eastern region of the Dominican Republic, Cap Cana, the “World’s Next Great Destination,” is the most important tourism real estate development in the Caribbean. With more than three miles of white sand and crystalline water beaches, Cap Cana is recognized for its dimension, and its vision of becoming a great community where luxury and exclusiveness are well integrated.

When its master plan is completed, Cap Cana will include more than 5,000 residential units and more than four luxury hotels. Cap Cana will also include five golf courses, three of them signed and designed by Jack Nicklaus. The first golf course, Punta Espada, opened in November 2006, with the second, Las Iguanas, currently under construction and scheduled to be open at the end of 2008. The project also features the most complete and modern marina in the Caribbean. Recently completing its first phase and inaugurated in April 2007, the marina will house more than 1,000 slips for yachts of various sizes, including mega yachts, upon completion.

Cap Cana will also include leisure activities and services such as elegant boutiques, gourmet restaurants, world-class spas, and exclusive memberships to yachting, sports and beach clubs.

Donald J. Trump established The Trump Organization in 1980 as the umbrella company for all of his real estate development and other corporate affiliates. He has continually set new standards of excellence while expanding his interests in luxury residential real estate, world-class hotels, office buildings, championship golf clubs, gaming, merchandising and entertainment.

No other real estate company has established the international brand identity that Trump has created. In an industry where quality is sometimes difficult to discern, the Trump signature is known and trusted the world over as the name in luxury real estate. In addition to being one of the largest developers in New York, Trump is currently building residential, hotel and golf club projects in: Las Vegas; Chicago; Miami; Los Angeles; Atlanta; Hawaii; Westchester, NY; Beminster, NJ; Aberdeen, Scotland; Panama City; Dubai, UAE; and now, Cap Cana, Dominican Republic.

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Donald J. Trump has signed a partnership agreement with Cap Cana, S.A. in the Dominican Republic to develop an enchanting luxury resort that will include a golf course, golf villas and golf lots, estate lots, a beach club, a condo hotel, and residences with ocean views that together will be called Trump at Cap Cana. The real estate luxury products to be developed represent an estimated value of over two billion dollars. The agreement was signed today by Cap Cana’s Board of Directors President, Dr. Ricardo Hazoury and Donald J. Trump, CEO and President of The Trump Organization.

Cap Cana, one of the most important real estate and tourism destinations in the Caribbean, is blessed with extraordinary natural beauty and is ideally located adjacent to the Punta Cana International Airport, making it supremely desirable and easily accessible. With a master plan investment projected at US $1.5 billion, the first stage of Cap Cana comprises an area of 8,680 acres (of a total of more than 30,000 acres) and will take place over a span of 10-12 years. The first product to be developed within the partnership, “Trump Farallón Estates at Cap Cana”, will include 68 estates (with at least 1.5 acres each). The estates are located within a gated community on top of the highest bluff in the area, at 200 feet above sea level, where one can enjoy spectacular views of the entire Cap Cana property and the Caribbean Sea. Home owners in the Farallón community will enjoy special memberships to a variety of clubs and amenities within Cap Cana. Reservations for Trump Farallón Estates at Cap Cana are limited and currently being accepted on a first come, first served basis. “I am excited to be building Trump at Cap Cana for several reasons.

Not only is the Dominican Republic an exceptionally beautiful place with a wonderful history, but the allure of Cap Cana makes this a unique destination in the Caribbean,” said Donald J. Trump. “This is going to be a magnificent project, and we look forward to developing thousands of spectacular acres into an elite destination that will be known worldwide in the years to come. I look forward to visiting often with my family.” “With the signing of this agreement, Cap Cana ratifies its goal to become renowned internationally as the ‘World’s Greatest Destination’,” said Dr. Ricardo Hazoury. “By combining the Trump experience with Cap Cana’s natural beauty and the talent demonstrated by our team of professionals, in addition to the stable economy of the Dominican Republic, we are confident that together we will continue to seamlessly create a new standard for tourism, real estate, and hotels for the entire region. We have no doubt this is a win-win combination and look forward to all that lies ahead.”

Located on the Eastern tip of the Dominican Republic, Cap Cana is called “The World’s Next Great Destination.” It is the most important tourism and real estate project in the Caribbean, spanning more than 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 that 5,000 residential units and at least four luxury hotels. Also included are three Jack Nicklaus Signature Golf Courses (the first, Punta Espada, opened in November 2006) and the area’s most state-of-the-art marina featuring over 1,000 slips catering to mega yachts up to 150 feet. The first phase of the marina will be inaugurated in spring 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., International Marinas, Weitz Golf International, GVA, Troon Golf, and Stewart Title among others.

The Trump Organization was established in 1980 as the umbrella company for all of the company’s real estate development and other corporate affiliates. Trump has continually set new standards of excellence while expanding interests in luxury residential real estate, world-class hotels, office buildings, championship golf clubs, gaming, merchandising, and entertainment. This enduring commitment has made Trump the preeminent developer of quality real estate known around the world. No other real estate company has established the international brand identity that Trump has created. In an industry where quality is sometimes hard to discern, the Trump signature is known and trusted the world over as the name in luxury real estate. The company has consistently demonstrated the ability to add value to ventures through innovative approaches. In addition to being one of the largest developers and managers in New York, Trump is currently building residential, hotel and golf club projects in Las Vegas, Chicago, Miami, Los Angeles, the Caribbean, Hawaii, Westchester, NY, Bedminster, NJ, Aberdeen, Scotland, Dubai, UAE, and now Cap Cana in the Dominican Republic.

Source: www.hotelinteractive.com

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