President Danilo Medina was in Punta Cana for the ground breaking of the 554 room Grand Fiesta Americana Punta Cana Los Corales. The resort will be built in the centrally-located Bavaro Beach section of Punta Cana, some 20 minutes from the Punta Cana International Airport. The all-inclusive resort is expected to open in 18 months and calls for a US$130 million investment. It is the first hotel to be operated by Posadas de Republica Dominicana.
Visiting for the ground breaking were company executives Geovanny Ricotti and José Carlos Azcárraga, director general and Mauricio Elizondo of Grupo Posadas, the leading Mexican hotel company with 150 hotels and more than 24,000 hotel rooms under seven brands.