The Spanish group OHL Desarrollos are to build a 1,100 bedroom hotel in Dominican Republic’s east region. The complex will also include a golf course and a marina.
Tourism minister Francisco Javier Garcia made the announcement, and said the project, to be built on a 3.0 million square-meter area, will have a big impact on Dominican Republic’s tourism investments.
Garcia, who spoke to Dominican journalists in Spain’s International Tourism Fair (FITUR), in which around 12,000 companies take part, did not specify the project’s cost, but a source close to the investors said it was more than US$400.0 million.
He said the investors will visit Dominican Republic within the next 90 days to finalize plans and start the project.
The group OHL, is one of Spain’s leading developers and one of Europe’s most important.