NEW YORK, Feb.
16 /PRNewswire/ -- Donald J. Trump has signed
a partnership agreement with Cap Cana, S.A. in
the Dominican Republic to develop an enchanting
luxury 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 that together will be called Trump at Cap
Cana.
The real estate luxury products to be developed
represent an estimated value of over two billion
dollars. The 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.
Cap Cana, one of the most important real estate
and tourism destinations in the Caribbean, is
blessed with extraordinary natural beauty and
is ideally located adjacent to the Punta Cana
International Airport, making it supremely desirable
and easily accessible. With a master plan investment
projected at US $1.5 billion, the first stage
of Cap Cana comprises an area of 8,680 acres
(of a total of more than 30,000 acres) and will
take place over a span of 10- 12 years.
The first product to be developed within the
partnership, "Trump Farallon Estates at
Cap Cana," will include 68 estates (with
at least 1.5 acres each). The estates are located
within a gated community on top of the highest
bluff in the area, at 200 feet above sea level,
where one can enjoy spectacular views of the
entire Cap Cana property and the Caribbean Sea.
Home owners in the Farallon community will enjoy
a special 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.
"I 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. "This 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."
"With the signing of this agreement, Cap
Cana ratifies its goal to become renowned internationally
as the 'World's Greatest Destination'," said
Dr. Ricardo Hazoury. "By 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
lies ahead."
About Cap Cana, www.capcana.com and www.capcana.com/farallon
Located 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 community.
At the completion of the master plan, Cap Cana
will feature more then 5,000 residential units
and at least four luxury hotels. Also 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
featuring over 1,000 slips catering to mega yachts
up to 150 feet. The first phase of the marina
will be inaugurated in spring 2007. Additional
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.
Cap 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.
About The Trump Organization, www.trump.com
The 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
while expanding interests in luxury residential
real estate, world-class hotels, office buildings,
championship golf clubs, gaming, merchandising,
and entertainment. This enduring commitment has
made Trump the preeminent developer of quality
real estate known around the world.
No other real estate company has established
the international brand identity that Trump has
created. In an industry where quality is sometimes
hard to discern, the Trump signature is known
and trusted the world over as the name in luxury
real estate. The company has consistently demonstrated
the ability to add value to ventures through
innovative approaches.
In 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 Republic.
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