Announces Development at Cap Cana, Dominican Republic
8, 2007 -- Donald J. Trump has signed a partnership
agreement with Cap Cana, S.A. in the Dominican Republic
to develop an immense, upscale 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.
development will be called Trump at Cap Cana and
represent an estimated value of over two billion
agreement was signed today by Cap Cana's Board of
Directors President, Dr. Ricardo Hazoury and Donald
J. Trump, CEO and President of The Trump Organization.
Cana, one of the major tourism destinations in the
Caribbean, offers extraordinary natural beauty and
is centrally located adjacent to the Punta Cana
International Airport, making it easily accessible.
a master plan investment projected at US $1.5 billion,
the first stage of Cap Cana encompasses an area
of 8,680 acres (of a total of more than 30,000 acres).
The build-out of this first phase will span 10-12
first product to be developed within the partnership,
"Trump Farallon Estates at Cap Cana,"
will include 68 estates, each with at least 1.5
acres of land. The estates are located within a
gated community on top of the highest bluff in the
area, at 200 feet above sea level, offering panoramic
views of the entire Cap Cana property and the Caribbean
owners in the Farallon community will enjoy memberships
to a variety of clubs and amenities within Cap Cana.
Reservations for Trump Farallon Estates at Cap Cana
are limited and currently being accepted on a first
come, first served basis.
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.
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."
the signing of this agreement, Cap Cana ratifies
its goal to become renowned
internationally as the 'World's Greatest Destination',"
said Dr. Ricardo Hazoury.
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
on the Eastern tip of the Dominican Republic, Cap
Cana is called "The World's Next Great Destination."
It is the most important tourism and real estate
project in the Caribbean, spanning more than 30,000
acres with over three miles of white powder sand
beaches. Cap Cana is a project recognized for its
ambitious dimensions as a fully integrated luxury
the completion of the master plan, Cap Cana will
feature more then 5,000 residential units and at
least four luxury hotels.
included are three Jack Nicklaus Signature Golf
Courses (the first, Punta Espada, opened in November
2006) and the area's most state-of-the-art marina,
which has over 1,000 slips catering to mega- yachts
up to 150 feet. The first phase of the marina will
be inaugurated in spring 2007.
services and amenities include elegant boutiques,
fine dining restaurants, world class spas, exclusive
membership clubs, water sports, polo, and horseback
riding facilities, to name a few.
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.
Trump Organization was established in 1980 as the
umbrella company for all of the company's real estate
development and other corporate affiliates. Trump
has continually set new standards of excellence
in luxury residential real estate, world-class hotels,
office buildings, championship golf clubs, gaming,
merchandising, and entertainment.
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