The Colonial City, declared a World Heritage Site by UNESCO, is immersed in an ambitious rescue project that seeks to polish its historical and cultural shine, boosted by US$90 million in financing from the Inter-American Development Bank (IDB), as well as important investments from Mitur.
The Integral Tourism and Urban Development Program of the Colonial City of Santo Domingo includes some 20 projects that seek to enhance the value of its attractions in order to attract tourism arriving through Punta Cana, as well as local tourists.
This great awakening in the renovation of the Colonial City has caused that “everyone wants to be” in the area, according to the Minister of Tourism, David Collado, who revealed to arecoa.com that “Gabriel Escarrer, of the Meliá chain, asked me if we knew of any space because they want to put a hotel here. Encarna Piñero (Bahia Principe) also wants to come to Ciudad Colonial. They all want to come and have a boutique hotel here with 100 or 200 rooms”.
What is the reason for the hotel companies’ interest in Ciudad Colonial? In Collado’s explanation, he points out that currently the most expensive square meter in the whole country is in Ciudad Colonial. “More than in Piantini and Naco, this is due to the investments that are happening and the potential that this area has.”
The challenge: parking lots. To solve it, “the Banreservas trust already has a parking lot in La Mella, and there is a plan that is being coordinated among several institutions to have 1,100 parking lots, President Luis Abinader himself is coordinating this action,” Collado said.