Colombian investors are interested in the market of Cap Cana, Dominican Republic, to enter with hotel developments focused on the all-inclusive segment, as revealed in an interview with REPORTUR.coJorge Subero, executive president of Cap Cana. Likewise, he referred to the investment appetite of Colombian companies, not only in hotels, but also in tourist housing, he also pointed out that they already have the investment intention of developers and builders, each one for 10 million dollars.
REPORT: Is Colombia investing in tourism in Cap Cana?
JORGE SUBERO: The Dominican Republic is at a time when it is breaking internal records for the arrival of tourists. In this growth trend of tourist arrivals, Colombia is located in third or fourth position, surpassing Spain in tourist arrivals. Between the DR and Colombia there are approximately nine daily flights, which indicates the increase and growth that tourists from Colombia and other countries have had since Bogotá has become a hub for many tourists from all over South America and in this sense we have been monitoring the growth of that Colombian tourist, who not only visit the DR but also have an appetite for investment and that is where we entered real estate tourism in the DR. We as Cap Cana participated for the first time in Corferias where we saw the potential that this fair had for the DR. Currently, Cap Cana has third-party investments that exceed 3 billion dollars.
A.: Do Colombian tourism investors specifically already have plans in Cap Cana?
JS: We are in conversations with large groups, approximately three weeks ago we did an activity in Medellín where we invited developers and builders for the first time, where more than 200 interested parties participated, large developers who have already begun to visit Cap Cana. Each process of this takes For some time, so far this year we already have 20 buyers who have been in Cap Cana interested in doing great business.
A.: Is there any investment or investment interest from Colombian developers or hotel companies from Colombian investors?
JS: There is interest from Colombian developers and builders where we already have agreements of intent for investments that each exceed more than 10 million dollars. I cannot reveal names because we are in the due diligence process and without their authorization I still cannot reveal names. but if they go to the tourism sector.
There are Colombian hotel companies and there are real estate developers with sales of tourism products and housing to develop within Cap Cana.
A.: Is there an intention for tourist parks like those in Mexico to enter Cap Cana?
JS: Yes, there is something very interesting, that the investors who come to Cap Cana do not necessarily come with their normal product, for example, the arrival in September or early October of the El Dorado Park that investors whose main business is not a park is Through clinics and hospitals, they have then ventured into the theme of the park within Cap Cana.
We also have the case of St Regis, which is under construction and will be ready by the end of the year or the beginning of next year, the first time that the brand has gone to the DR and has a hotel and real estate tourism concept.
A.: What are the preferences of the Colombian investor, the hotel or real estate tourism?
JS: Right now it is quite diverse, as we have buyers of finished or under construction properties, likewise we have many buyers, or potential buyers of tourist developments within Cap Cana, it is quite varied.
A.: Within the interest that exists among Colombian investors to enter Cap Cana, is there anyone who wants to carry out the all-inclusive business model?
JS: Yes, we have interested parties, there are many who are interested who have not dabbled in all-inclusive and want to dabble. (“Los Cabos attracts Colombians because of the warmth of the service”).
