Cap Cana
| Cap Cana | |
|---|---|
| Motto(s): The World’s New Destination | |
 Cap Cana - Master Plan |
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| Coordinates: 18°29′00″N 68°24′30″W / 18.48333°N 68.40833°WCoordinates: 18°29′00″N 68°24′30″W / 18.48333°N 68.40833°W | |
| Country | Dominican Republic |
| Founded | 2001 |
| Time zone | AST (UTC−4) |
| • Summer (DST) | ADT (UTC−3) |
| Website | www |
CAP CANA (Spanish pronunciation: [kapˈkana]) is an exclusive real estate and hotel tourist destination, located on the eastern shores of the Dominican Republic.
This development covers an area of over 6,200 acres.
From 2001 – 2002, agreements were signed with Jack Nicklaus, for the design of the first 3 golf courses, and with Troon Golf, for the management of the first golf course. Also with the International Sales broker IMI to sell the founders packages and Stewart Title for investor’s security. Initial construction of Marina Cap Cana starts.
In 2003, The excavations for the development of Cap Cana's Marina find water for the first time and the 2nd phase of sales takes place launching Aquamarina I beach condominiums and Villas Caleton.
In 2004 Cap Cana launches the world’s first real estate product with Jack Nicklaus signature name, Golden Bear Lodge. Agreement signed with WEITZ for the construction of the first golf course, Punta Espada Golf Course
During 2005 and 2006 great openings took place with the inauguration of the Caleton Beach Club and the Punta Espada Golf Course. Also the Founders condominiums and the Caleton Villas reached completion. The Sanctuary hotel construction begins and a new agreement is signed with the Spanish group Sotogrande for real estate development. In 2006 Cap Cana issued the largest International Bond Issuance of US$250 Million at the lowest rate for a private entity in the Dominican Republic.
2007 was the year of great milestones. Real estate sales reached one billion dollars and a new record real estate sales in the Caribbean is achieved at the Trump Farallon lots launch where US$350 Million were sold in one day. The grand opening of Marina Cap Cana was celebrated with the Cirque of Soleil and a concert with Juan Luis Guerra. The Sotogrande launch event took place simultaneously in Spain, London and Dominican Republic. Sanctuary and Heritage School opens.
In 2008, Punta Espada golf course hosted The Cap Cana Championship, a PGA Champions Tour tournament, more than 150 million people watched the event, and more than 500,000 website hits during the tournament. The Golden Bear Lodge construction reaches completion.
In 2009 the world financial crisis affects Cap Cana. In this year the International bonds are successfully restructured and negotiations start to structure of bank loans with grace periods and maturity extensions. The sales strategy changes and Cap Cana focuses on parcels to developers and signs an agreement with AM Resorts to develop four beach hotels. Punta Espada Golf Course hosts for the second year The Cap Cana Championship, a PGA Champions Tour tournament. The International Beach Polo Match is held at Juanillo beach.
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Wikipedia