Hotel Santo Domingo has closed, reportedly for renovations. As reported in Diario Libre, the hotel was going to be purchased by the owners of Guavaberry in Juan Dolio. When Diario Libre reporters inquired, they were told that Tomas Olivo, the owner, was in Spain. The hotel is located at the intersection of Av. Abraham Lincoln and Av. Independencia and fronts the city’s Malecon seafront boulevard. Reportedly, the same owners have purchased the Hotel Hispaniola on the other side of Av. Independencia that is also closed. The hotel now is covered by an expansion of incentives of the Tourism Incentive Law 158-01.
Meanwhile, Diario Libre reports that Guavaberry could be facing financial difficulties It reports that Republic Bank has announced there has been a breach of contract and the property could be auctioned for the debt of US$16.5 million.
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