Currently, Advanced Funds are consolidating their leadership in the local market with more than 1,000 rooms built in managed assets.
Advanced Asset Management (Advanced) announced the acquisition of the prominent Jewel Punta Cana resort complex in Uvero Alto, through its Advanced Opportunities II Closed Development Investment Fund.
He reported that this property will undergo a complete renovation under a prestigious international brand to be operated by Playa Hotels & Resorts.
The strategic transaction was completed in December 2023, with a total of 620 rooms. In addition, since February 2023, Advanced Funds have invested in a resort complex in Las Galeras, Samaná, to be rebranded under the Wyndham Alltra brand, an exclusive hotel chain focused on all-inclusive resorts in the region.
This achievement was presented within the framework of the FITUR 2024 celebration, with the presence of David Collado, Minister of Tourism of the Dominican Republic, who expressed the importance of the investment fund's investments in tourism projects.
Advanced's commitment to the development of the tourism sector is reinforced by these significant investments, allowing it to offer innovative solutions to guests and clients.
The operations of both complexes will be handled by Playa Hotels & Resorts, a leading global asset management company with a current portfolio of 26 hotels totaling 9,756 rooms.
The collaboration between Advanced and Playa Hotels & Resorts is fundamental during the remodeling and management process of the hotels, ensuring high standards of quality and service for future visitors.
The transactions completed in Samaná and Uvero Alto represent a milestone in Advanced's strategy to expand its presence in the country's tourism sector. Currently, Advanced Funds are consolidating their leadership in the local market with over 1,000 rooms built in assets under management.
These investments represent a significant social impact with the generation of more than 2,000 direct jobs with a multiplier effect in the surrounding communities and the economic sector of the Dominican Republic.
Advanced Asset Management is an investment fund management company in the Dominican Republic, which currently manages three investment funds.
It is characterized by executing its investment thesis with a view to protecting capital, maximizing value for its investors, and generating a positive impact on the real economic sector of the Dominican Republic.
