Luxury hotel company invests US$250 million in new DR tourist zone

Sociedad Administradora de Fondos de Inversión Pioneer (SAFI), recognized as the first investment fund management company to operate in the Dominican Republic, has obtained the first investments for the Closed-end Partnership Fund II, created specifically for the development of Yanuna as a tourist destination.

Yanuna is a tourist development located in Macao (Punta Cana) with an area of 2.8 million square meters. This environment has the climatic conditions, natural surroundings and white sand beaches that make it one of the preferred destinations for tourists.

According to information from El Dinero, Marriott International has announced an investment of US$250 million for the construction of two hotels in the area, which will operate under two of the company’s most luxurious brands, Ritz Carlton and The Luxury Collection. The projects will add 550 rooms to the country’s accommodation offer, which already exceeds 80,000.

Source: Tourinews.es

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Dominican Republic Live Editor

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