2005 Travel News ArchiveTravel

Spanish investment in Cap Cana

The Spanish hotel and real estate group, NH has signed a partnership agreement with Cap Cana on the east coast of the Dominican Republic to build a luxury resort and 350 vacation apartments that will be part of a hotel rental pool. They will be in association 50-50%. The company envisages the operation of a 90-room beachside boutique hotel. An investment of US$100 million is contemplated.