Trump building largest tourism development in the Caribbean
NEW YORK, USA, February 19, 2007 - Donald J. Trump has signed a partnership agreement with Cap Cana, SA in the Dominican Republic to develop a US$2 billion luxury resort that will include a golf course, golf villas and golf lots, estate lots, a beach club, a condo hotel, and residences with ocean views that together will be called Trump at Cap Cana.
It is one of the biggest real estate developments in the Caribbean covering 30,000 acres and three miles of white sand beaches.
"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."
Cap Cana, located adjacent to the Punta Cana International Airport, will be developed in stages with the first stage "Trump Farallon Estates at Cap Cana" seeing the construction of 68 estates with at least 1.5 acres each. The estates are located within a gated community on top of the highest bluff in the area, at 200 feet above sea level with a spectacular view of the entire Cap Cana property and the Caribbean Sea. Home owners in the Farallon community will enjoy a special memberships to a variety of clubs and amenities within Cap Cana.
"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, President of Cap Cana's Board of Directors. "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."
At the completion of the master plan, Cap Cana will feature more than 5,000 residential units and at least four luxury hotels. Also included are three Jack Nicklaus Signature Golf Courses (the first, Punta Espada, was opened in November 2006) and the area's 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.
Cap Cana is part of The Abrisa Group, one of the main economic and diverse holding companies in the Dominican Republic. For the development of the project, Cap Cana has brought together an elite and experienced team of professionals which include Nicklaus Design, Coastal Systems International, Inc., International Marinas, Weitz Golf International, GVA, Troon Golf, and Stewart Title among others.
In addition to being one of the largest developers and managers in New York, Trump is currently building residential, hotel and golf club projects in Las Vegas, Chicago, Miami, Los Angeles, the Caribbean, Hawaii, Westchester, NY, Bedminster, NJ, Aberdeen, Scotland, Dubai, UAE, and now Cap Cana in the Dominican Republic.