Sotogrande at Cap Cana, a majestic gated than 254,000 square meters, strategically located in front of holes 10, 11, 12 and 13 of the golf course Las Iguanas signature and design by Jack Nicklaus, and just across the beautiful crystal clear waters of the exclusive Coralina beach within walking distance of the stunning Marina Cap Cana
This magnificent private residential project offers a wide variety of models of residential apartments, ranging from 60 m2 studios to three bedroom penthouses of 350 m2 with spectacular views and excellent amenities, innovative architectural design by the renowned mexican firm GVA, with a fine selection of exquisite finishing materials and interior details such as Jacuzzis and terraces in the apartments, which complement perfectly with the gardens, lush vegetation and the lake that surrounds them.
The first phase of this project has more than 39,000 m2 of built extension, 122 residential units in 13 buildings of 3 and 4 levels. The investment in this phase is 71 million dollars and has already sold the majority of the inventory.
The sales success of this first phase has penetrated deep into the Spanish market, American and Dominican distributed with 26%, 21%, and 34% respectively.
An opening in style
The inaugural event of the first phase of the project was attended by His Excellency the President of the Dominican Republic who was accompanied by Minister of Tourism of the Dominican Republic, Mr. Francisco Javier Garcia, Mr. Ignacio Aranguren, General Director of Corporate and Investment Strategy NH Hotels and Chairman of the Board of Dominican Hotel Corporation, Mr. Fernando Hazoury from Cap Cana, Ms. Emma Gomez, Director Group Investment Fund Spain - Caja Duero and member of the Board of Directors of Corporación Hotelera Dominicana ; Ms. Astrid Diaz Menicucci, VP of Board of Directors of Corporación Hotelera Dominicana
Also, government officials and celebrities attended the tourism industry and business.
Mr. Ignacio Aranguren of Sotogrande and NH Hotels, said: "We are proud to comply fully with our goal of delivering the first phase of Sotogrande at Cap Cana in the Dominican Republic, our valued customer. For our corporation, this has been one of the most significant projects outside the European continent, which reflects the excellence in design, integral and distinctive style that has characterized us in the international hospitality industry, tourism, and real estate development over 24 countries around the world.
The Minister of Tourism of the Dominican Republic, Mr. Francisco Javier Garcia, said that "it seems incredible that just two years ago we met in this same scenario taking the first piebald of what is now becoming a reality even impressive than we imagined, managing to seamlessly integrate charming architecture with the majestic landscape that can only appreciate in the Dominican Republic. Sotogrande at Cap Cana is an example for all, which again demonstrates the confidence of international investors in the country.
Points of a great project, Sotogrande at Cap Cana
The real estate development will have a constructed area of approximately 110,000 meters and various construction phases. It has 441 residential units in 34 buildings. The project consists of different models ranging from studios / apartments of 55 m2 to three-bedroom duplex of 350 m2, and prices range between $400,000 and $ 2,500,000.
The first phase has been built within 24 months. Since November 2010 has been the delivering of the units
The apartments have a jacuzzi, modular kitchens and terraces. Among the common services, real estate area has a lobby bar, restaurant, pool, jacuzzis, and parking for owners and special parking areas for golf carts. Moreover, all these apartments will have the option to be included in a rental program.
Architectural design and engineering of the project, which covered lakes and hills, allow owners to enjoy magnificent views of the sea, golf course, and cliff area. This design has been carried out by the mexican company GVA.
The Sotogrande brand, part of NH Hotels, enters the Dominican market and exports a product that follows the line of luxury and elegance, that has characterized its development in a tropical paradise as Cap Cana Dominican Republic, ranked as the most important tourist development of Caribbean.