Punta Cana, Dominican Republic
Agent: Cliff Jacobs - Managing Principal Estate Agent & CEO (Nat.Dpl.Hotel Man (UJ). M.P.R.E.)
Agent Cellphone: +27 (0) 84 413 1071 / +27 (0) 61 716 6951
Agent Office Number: +27 (0) 21 554 0283
Agent Email Address: firstname.lastname@example.org
Type: Beach Resort
Yield: Not Disclosed
Punta Cana is a resort town in the easternmost region of the Dominican Republic. It is part of the Veron–Punta Cana municipal district, in the Higüey municipality of La Altagracia Province. According to the 2010 census, this district had a population of 43,982 inhabitants.
Punta Cana is the second-most popular tourist destination in Latin America, with more visitors than any other city in the Caribbean region. The Punta Cana International Airport (PUJ) is located about 3 km inland, on the highway that leads from Higüey to La Romana. This airport receives 64% of all flights that arrive in the Dominican Republic, receiving more passengers than the Las Américas International Airport, located in Santo Domingo, the country's capital.
The area is known for its white sand beaches, blue turquoise waters, and balnearios which face both the Caribbean Sea and the Atlantic Ocean. The weather is hot for most of the year, especially in late summer and autumn when the Northern Tropics receive their most direct sunlight.
The Punta Cana area has an estimated population of 100,000, with an annual growth rate of 11% as of 2011. To the north, it borders the village and beach of Cabeza de Toro, and the Bávaro and El Cortecito beaches. The nearest city, the 500-year-old Higüey, is 45 kilometres (28 mi) away, which takes about an hour to reach by car. European entrepreneurs, particularly Spanish hotel chains, own all but two of the over 50 megaresorts at the Punta Cana tourism destination.
The province’s 100-kilometre (62 mi) coastline tends to be mildly windy. The ocean waters are mainly shallows, with several natural marine pools in which visitors can bathe without danger. From north to south, the main beaches are Uvero Alto, Macao, Arena Gorda, Bávaro, El Cortecito, Las Corales, and Cabeza de Toro, all north of the cape; and Cabo Engaño, Punta Cana, and Juanillo south of the cape.
Bávaro is the area starting from Cabeza de Toro until Macao Beach. As the hotels started to rise along the east coast, Bavaro itself became a center of services with shopping malls, fast-food stores, drug stores, fine restaurants, banks, clinics, workshops, supermarkets, and schools. The major town in the district is Veron, now bigger than Higüey in territory, a spontaneous – and poor – urban development running along the original road from the west. Verón, last name of the French proprietor of a timberline business in the early 1930s, is now the base-city for hotel workers and related. It has, besides Bávaro, one of only four gas stations in Punta Cana: the next one is located 48 kilometres (30 mi) west in Higüey, at the Fruisa crossroads; a new Texaco gas station opened in April 2010, 3 kilometres (1.9 mi) south of Macao beach; and the new Shell gas station close to the airport (on the highway Coral) opened at the end of 2010.
Punta Cana features a tropical wet and dry climate under the Köppen climate classification. The weather is fairly consistent all year, with an average temperature of 26 °C (79 °F). The hot and humid season lasts from May to October, and during the day temperatures might reach 35 °C (95 °F). From November to March, temperatures during the evening are around 20 °C (68 °F).
The Dominican Republic is a country located on the island of Hispaniola in the Greater Antilles archipelago of the Caribbean region. It occupies the eastern five-eighths of the island, which it shares with Haiti, making Hispaniola one of only two Caribbean islands, along with Saint Martin, that is shared by two sovereign states. The Dominican Republic is the second-largest nation in the Antilles by area (after Cuba) at 48,671 square kilometers (18,792 sq mi), and third-largest by population, with approximately 10.7 million people (2022 est.), down from 10.8 million in 2020, of whom approximately 3.3 million live in the metropolitan area of Santo Domingo, the capital city. The official language of the country is Spanish.
The native Taíno people had inhabited Hispaniola before the arrival of Europeans, dividing it into five chiefdoms. They had constructed an advanced farming and hunting society, and were in the process of becoming an organized civilization. The Taínos also inhabited Cuba, Jamaica, Puerto Rico, and the Bahamas. The Genoese mariner Christopher Columbus explored and claimed the island for Castile, landing there on his first voyage in 1492. The colony of Santo Domingo became the site of the first permanent European settlement in the Americas and the first seat of Spanish colonial rule in the New World. It would also become the site to introduce importations of enslaved Africans to the Americas. The 16th and 17th century came with many events such as Taino resistances, the first slave revolts, the first Maroon activities, economic downfalls, the century of misery, catastrophic events, English invasions, French skirmishes, and many more up until the late 17th century. In 1697, Spain recognized French dominion over the western third of the island, which became the independent state of Haiti in 1804.
After more than three hundred years of Spanish rule, the Dominican people declared independence in November 1821. The leader of the independence movement, José Núñez de Cáceres, intended the Dominican nation to unite with the country of Gran Colombia, but the newly independent Dominicans were forcefully annexed by Haiti in February 1822. Independence came 22 years later in 1844, after victory in the Dominican War of Independence. Over the next 72 years, the Dominican Republic experienced mostly civil wars (financed with loans from European merchants), several failed invasions by its neighbour, Haiti, and brief return to Spanish colonial status, before permanently ousting the Spanish during the Dominican War of Restoration of 1863–1865. During this period, three presidents were assassinated (José Antonio Salcedo in 1864, Ulises Heureaux in 1899, and Ramón Cáceres in 1911).
The U.S. occupied the Dominican Republic (1916–1924) due to threats of defaulting on foreign debts; a subsequent calm and prosperous six-year period under Horacio Vásquez followed. From 1930 the dictatorship of Rafael Leónidas Trujillo ruled until his assassination in 1961. Juan Bosch was elected president in 1962 but was deposed in a military coup in 1963. A civil war in 1965, the country's last, was ended by U.S. military intervention and was followed by the authoritarian rule of Joaquín Balaguer (1966–1978 and 1986–1996). Since 1978, the Dominican Republic has moved toward representative democracy, and has been led by Leonel Fernández for most of the time after 1996. Danilo Medina succeeded Fernández in 2012, winning 51% of the electoral vote over his opponent ex-president Hipólito Mejía. He was later succeeded by Luis Abinader in the 2020 presidential election after anti-government protests erupted that year.
The Dominican Republic has the largest economy (according to the U.S. State Department and the World Bank) in the Caribbean and Central American region and is the seventh-largest economy in Latin America. Over the last 25 years, the Dominican Republic has had the fastest-growing economy in the Western Hemisphere – with an average real GDP growth rate of 5.3% between 1992 and 2018. GDP growth in 2014 and 2015 reached 7.3 and 7.0%, respectively, the highest in the Western Hemisphere. In the first half of 2016, the Dominican economy grew 7.4% continuing its trend of rapid economic growth. Recent growth has been driven by construction, manufacturing, tourism, and mining. The country is the site of the third largest gold mine in the world, the Pueblo Viejo mine. Private consumption has been strong, as a result of low inflation (under 1% on average in 2015), job creation, and a high level of remittances. Income inequality, for generations an unsolved issue, has faded thanks to its rapid economic growth and now the Dominican Republic exhibits a Gini coefficient of 39, similar to that of Israel and Uruguay, and better than countries like the United States, Costa Rica or Chile. Illegal Haitian immigration is a big problem in the Dominican Republic, increasing tensions between Dominicans and Haitians. The Dominican Republic is also home to 114,050 illegal immigrants from Venezuela.
There is a total of 662 rooms spread over several buildings. The Resort has been closed for the last fewyears, but they kept maintenance ongoing inside & outside to keep it in a good shape.
Although some renovation will be required to give it back the 4* status. The resort has been valued at its current state for 38 M USD, after some renovation it will certainly double in value. Now offered at 60% less of the value.
There is project & business plan, with sales projection based on a conversion for a Condo Hotel (we have a presentation file). IRR is projected for 27,9% by selling Condos and keep part for the Resort. Total price (purchase & complete conversion) 24.7M USD Bank Finance up to 70 %.
Most popular facilities
ATM & Currency Exchange: Need cash? There's an ATM and a currency exchange service at this property.
A free train travels throughout the resort and an airport shuttle service is available at an additional cost.
Punta Cana is 30 minutes’ drive away.