A friend of mine is thinking about investing in a hotel located approx. 5 minutes outside Rio San Juan in the hills. He is flying down to spend some time and check out the area and has asked me to research a little. I was there a couple of month ago and stayed at Los Gringos, a wonderful spot by the way, but when I was there I didn't see a lot of touristas like I usually do in Cabarete or Puerto Plata and the other touristy areas. For those of you with knowledge of the particular area my questions are:
What is the market like in this area for hotel rooms?
Do you believe you could keep 10-15 rooms fairly booked? And if so with whom? French, German, Canadians or Americans? Possibly rent rooms by the week, months, etc..(I also know this depends on your contacts and marketing)
Does anyone on the board do any marketing for a hotel in the DR? By this I mean smaller places with 20 rooms or less, not Punta Cana areas.
Do you know of any develoment projects going on in the area? I heard a French group was building a large hospital and a hundred houses in the area and working to develop a community there, paving roads and such. Anyone heard of this?
Is it getting easier to get to this area since El Catay?
Thanks for any input,
Steve L
What is the market like in this area for hotel rooms?
Do you believe you could keep 10-15 rooms fairly booked? And if so with whom? French, German, Canadians or Americans? Possibly rent rooms by the week, months, etc..(I also know this depends on your contacts and marketing)
Does anyone on the board do any marketing for a hotel in the DR? By this I mean smaller places with 20 rooms or less, not Punta Cana areas.
Do you know of any develoment projects going on in the area? I heard a French group was building a large hospital and a hundred houses in the area and working to develop a community there, paving roads and such. Anyone heard of this?
Is it getting easier to get to this area since El Catay?
Thanks for any input,
Steve L