Ritz-Carlton agrees Cap Cana deal

Cap Cana has announced a two-fold
partnership with The Ritz-Carlton Hotel Company,
to develop a luxury resort, “The Ritz-Carlton, Cap Cana”, and a
residential venture known as the “Residences at The Ritz-Carlton, Cap Cana”.The 220-room resort will complement Cap Cana’s existing developments and
will feature a range of luxury amenities, including a lavish 16,000
square-foot spa, a private beach club, five restaurants and lounges. The
Ritz-Carlton, Cap Cana and the 194-privately owned beachfront and golf
“Residences at The Ritz-Carlton, Cap Cana” are scheduled to open in early
2010 and are part of a two-phase US$1 billion endeavour (real estate sales
and construction).

Spanning 30,000 acres of prime Caribbean waterfront, Cap Cana is ideally
situated on 3.4 miles of virgin beaches, the Ritz-Carlton mixed-use property
taking centre stage on a stunning two-mile stretch of Juanillo beach. To
capture the true beauty of the Dominican Republic’s most scenic beach, “The
Ritz-Carlton, Cap Cana” plans to enhance all rooms with spacious balconies
and ocean views, incorporating island materials and an abundance of natural
light whenever possible. As an added bonus, the resort will include 8,000
square feet of meeting space (including a 5,800 square-foot ballroom),
offering individuals and groups a range of choices for every occasion, from
corporate meetings to destination weddings and social events.


“We are proud to welcome Ritz-Carlton, the most recognised luxury brand in
the world, to the Cap Cana family, as both brands share the same impeccable
service philosophy and core family values,” said Dr. Ricardo Hazoury,
president of Cap Cana’s Board of Directors. “The Ritz-Carlton, Cap Cana”
represents a new paradise for the Dominican tourism industry. Together, we
will develop a product that integrates the tropical style and design of Cap
Cana into the beautiful natural surroundings, with the key focus on the
spectacular Juanillo beach and the magnificent views of the Caribbean Sea”,
he added.



J. W. Marriott Jr., chairman and chief executive officer of Marriott
International expressed “Cap Cana has envisioned an exciting, bold luxury
tourism and real estate development project that promises to be one of the
most exciting new destinations in the Caribbean. We are excited that our
Ritz-Carlton brand will be represented at Cap Cana and are hopeful that one
or more
of our other hotel brands will also fit in with Cap Cana’s plans for this
world-class destination”.


Similarly, Simon F. Cooper, president and chief operating officer of The
Ritz-Carlton Hotel Company, states that “We are extremely pleased to partner
with ownership, Cap Cana, S.A., to develop a lifestyle resort and
residential community in this unique tourism and real-estate project located
on the most eastern part of the Dominican Republic. With some of the finest
beaches in the Caribbean, an abundance of golf courses and other
recreational facilities, this project will also offer our guests and owners
a collection of designer shops, gourmet restaurants, and a significant area
devoted to ecological preservation. It should attract affluent and
sophisticated travelers from around the world, looking for leisure or group
travel destinations that are truly exceptional,”


“This is an extraordinary opportunity to adorn the paradise-like beach of
Juanillo with a world-class architectural project focused on excellence,
that harmoniously combines sophisticated spaces and an authentic tropical
ambiance,” said Alejandro Acebal, member of Cap Cana’s architectural