June 24, 2003
  • US$65-million sale at Cap Cana
  • Sea Horse Ranch summers
  • January-May travel stats
  • DR Jazz Festival
US$65-million sale at Cap Cana
Ricardo Hazoury, president of the Cap Cana real-estate development, took in US$65 million in the second launch of prime beach and golf real estate to some 150 new owners and investors from the Dominican Republic and abroad. Roughly 64 beach and marina apartments were bought, worth a global value of US$29 million. Investors also purchased lots valuing US$28 million and 30 others for future developments worth US$8 million.
On Friday, reservation holders had the opportunity to select and purchase their home-estate sites, choosing between beach or marina condos, based on an assigned priority number. Located on the privately-owned Jack Nicklaus Signature Golf Course in Punta Espada and in view of the breathtaking oceanfront coral coast located at the spectacularly white-sanded Juanillo Beach on the East Coast, participants who attended the event were given relevant purchases, club memberships and ownership information and documentation. Each homesite and condominium purchased included a Punta Espada Golf Club membership, valued at US$50,000 each. Members of the club enjoy the use of private facilities such as the private Punta Espada Golf Course and Clubhouse, the Caletón Beach Club and Spa, and Yacht Club.
Cap Cana is located seven minutes from the Punta Cana International Airport on a 6,200-acre resort development that is being marketed as the world’s next great destination. It will feature the largest mega-yacht marina in the Caribbean, three Jack Nicklaus Signature Golf Courses, beach clubs, yacht clubs, boutique hotels, a Monaco-style casino, restaurants and shopping in a quaint pedestrian village. For more information, see http://www.capcana.com
Sea Horse Ranch summers
Sea Horse Ranch, one of the Dominican Republic’s prime real estate and rental communities, kicked off the summer with the trademark North Coast events like live jazz and cultural activites at the seafront El Bosque Café on Friday, 20 June. Dominican jazz pianist, Roberto Santana, and renowned Dominican saxophone player, Carlos "Carlitos" Estrada, joined forces for a gig of the jazz they have become famous for: lightning-speed piano bravado and gravity-defying sax notes, softened by the harmony of two musicians who have matured on stage together in the genre of spontaneity. The new tropical menu offered at the café was designed by Anna Grunewald, former owner of Paprika in Naples, Florida, with fresh, gourmet flair. El Bosque Café is located adjacent to the seaside pools at the Beach Club.
Sea Horse Ranch is located in Puerto Plata, a short drive from the Puerto Plata International Airport and Sosua. For more on Sea Horse Ranch, see http://www.sea-horse-ranch.com
January-May travel stats
Travel to the Dominican Republic was up during the first five months of the year, according to Central Bank statistics. Foreign air travel increased 21%, and there were 207,329 more travelers than during the same period last year. The Central Bank highlights that the depreciation of the peso is having a positive effect on travel to the DR. Average occupancy is said to have been 76.6% for the period, up from 65.9% last year. Punta Cana/Bavaro posted the highest occupancy rates with 86.9%.
Punta Cana arrivals represent 47.2% of the total, with Las Americas (Santo Domingo) and Puerto Plata following with 19.8% each. La Romana has 10.5% of all foreign air arrivals, and Santiago received 2.3%. With the exception of Las Americas and the smaller inter-city Herrera airport in Santo Domingo, all other airports showed increases in traffic. Punta Cana posted a 37.3% increase, La Romana a 31.9% increase.
Punta Cana is staking its claim as the main airport of entry for foreign tourists. Last year some 409,548 tourists used that airport, compared to runner-up Las Americas with its 246,348 foreign arrivals. Punta Cana received the most charter flights in 2002, and a similar trend continues in 2003. Charter flights for the first five months of 2002 numbered 2,340 through the East Coast airport, jumping to 3,796 for the same period this year.
Las Americas International continues to lead as the country’s main terminal for regular flights, but showed a decrease in its scheduled flights. Central Bank statistics show that AILA received 5,103 regular flights in the first five months of 2002, but only 4,565 for the first five months of 2003.
For more information, see http://www.bancentral.gov.do
DR Jazz Festival
For the fifth consecutive year, the Dominican Republic Jazz Festival will take place along the North Coast. Top jazz performers will take to the stages of Puerto Plata (Playa Dorada), Sosúa and Cabarete. This year, the attractions will include Chucho Valdés (Cuba), Arturo Sandoval (USA), Chichi Peralta (Dominican Republic), José Furito Ríos y Cuatro al Jazz (Puerto Rico), Humberto Ramirez (USA), and many more. See http://www.drjazzfestival.com

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