Page 1 of 7 123 ... LastLast
Results 1 to 10 of 69
  1. #1
    Silver
    Join Date
    Mar 2005
    Posts
    2,317
    Post Thanks / Like

    Default Associated Press: Meet the $2 Billion "Trump at CAP CANA"!!!!!!!!!!!!!!!!!!

    via Business Week, ..



    By MICHELLE CHAPMAN

    NEW YORK


    Real estate developer Donald Trump said Friday that he is teaming with Cap Cana SA to create a luxury resort on the eastern tip of the Dominican Republic.
    The $2 billion project, named Trump at Cap Cana, will include a condominium hotel, golf course, golf villas, beach club and luxury homes.
    Trump, president and chief executive of The Trump Organization, said entering the Dominican Republic with a Trump-branded property was a natural move because the location fits with the type of upscale resort he is looking to provide.
    "People know it will be top of the line," he said.
    A gated community of 68 luxury homes called Trump Farallon Estates at Cap Cana will be the first portion of the project to be developed. The homes, which will each sit on at least 1.5 acres, will be located on a bluff 60 feet above sea level.

    ............
    ...
    Trump Creating Dominican Republic Resort - Forbes.com
    Last edited by aegap; 02-16-2007 at 10:49 PM.

  2. #2
    Silver
    Join Date
    Mar 2005
    Posts
    2,317
    Post Thanks / Like

    Default



    ..
    "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 then 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.
    ...


    ___

    ..stay tuned for the Trump at Rincon Bay, lol.
    Last edited by aegap; 02-16-2007 at 11:03 PM.

  3. #3
    DR1
    Join Date
    May 1999
    Posts
    0
    Post Thanks / Like

    Default

    The east coast is already seeing amazing growth in real estate terms, now it's set to really explode.

    This is VERY good news!!!!

  4. #4
    Silver
    Join Date
    Aug 2005
    Posts
    3,293
    Post Thanks / Like

    Default

    I knew it was only a matter of time before Trump put his name here, ( I actually half-jokingly just yesterday suggested he may build a tower in Santo Domingo) and Cap Cana makes the most sense at this point for a project like this. If they are using the big cliff at Cap Cana, it will be an amazing location...although not on the beach.

  5. #5
    Poll's Forum Moderator
    Join Date
    Jan 2003
    Posts
    8,745
    Post Thanks / Like

    Default

    Wow, I'm impressed with how rapidly Trump and the Cap Cana team came to an agreement.

    Trump's daughter, Ivanka, was in the DR earlier this year seeing different projects and sights for a possible Trump real estate investment.

    Good to see things moving in the right direction.

    Where are the naysayers? There were many naysayers and now it appears that they have been erased from the map! LOL!



    -NALs

  6. #6
    Silver
    Join Date
    Mar 2005
    Posts
    2,317
    Post Thanks / Like

    Default

    Quote Originally Posted by NALs View Post
    Wow, I'm impressed with how rapidly Trump and the Cap Cana team came to an agreement.

    Trump's daughter, Ivanka, was in the DR earlier this year seeing different projects and sights for a possible Trump real estate investment.

    Good to see things moving in the right direction.
    ..
    NALs
    This may not be the only one, ...some time ago:

    http://www.dr1.com/forums/real-estat...rth-coast.html

    Carlton's Hospitality Group has not been the only company looking into the Dominican Republic. In an exclusive interview with [Commercial Property News] in March, Trump Mortgage president & CEO E.J. Ridings hinted that Trump would be exploring potential resort projects in the country, although no specific ones have been announced.

  7. #7
    Bronze
    Join Date
    Oct 2004
    Posts
    922
    Post Thanks / Like

    Default

    I hope it is better financed that Trump Towers Tampa. Construction has stopped.

  8. #8

  9. #9
    Silver
    Join Date
    Mar 2005
    Posts
    2,317
    Post Thanks / Like

    Default

    Quote Originally Posted by DavidZ View Post
    ..f they are using the big cliff at Cap Cana, it will be an amazing location...although not on the beach.
    That's precisely were it will be built. Here you can see Cap Cana expects to build at least TWO(!) golf courses there ..and so I suppose The Donald's will be one of those.

  10. #10
    Silver
    Join Date
    Mar 2005
    Posts
    2,317
    Post Thanks / Like

    Default

    Quote Originally Posted by drtampa View Post
    I hope it is better financed that Trump Towers Tampa. Construction has stopped.
    well, Grupo Abrisa will most certainly the one financing most of it. In fact, it recently issued the most successful bonds in DR history in which they were able to get several hundre million dollars in fresh capital.

    Here's what Business Week has to say about my hunch:

    Trump Jumps to the Caribbean
    Donald Trump is lending his golden name to a resort and residential development at the eastern tip of the Dominican Republic. He invited some reporters to his Trump Tower offices today to brag that Cap Cana--which was already partially built before he jumped in--will be the most upscale development in the Caribbean. He said he knows a lot about the Dominican Republic and proved it by naming two Dominican friends: ballplayers Sammy Sosa and Albert Pujols. Trump declined to say how much of the project he's going to own, but it's a good bet that he hasn't put much money up. The Dominican developers behind Cap Cana probably value his name more than his cash. Judging from the lush p.r. kit, Cap Cana really does look like a beautiful part of the world. Completely unspoiled. I guess I should say: Completely unspoiled until now.

Page 1 of 7 123 ... LastLast

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •