MADRID, SPAIN - BHD Fondos, a company of the BHD Financial Center that channels resources from institutional investors towards the real sector, announced at FITUR 2025 the signing of an agreement with Grupo Prime to jointly develop a tourism real estate project under international standards in Playa Esmeralda, Miches.
The project involves a phased development plan that includes two beach resort hotels under international brands, luxury homes for sale, and other complementary amenities for the real estate development of the area.
“As an investment fund manager, we are focused on promoting new destinations and the sustainable development of tourism. With the signing of this agreement with Grupo Prime, from the United States, through the company Miches Land Development, the planning phase begins for a major project that unites local and foreign investment in the Miches area. This project will contribute to bringing international expertise to the country and raising the quality of the hotel and real estate offerings in the area,” emphasized Gabriel Tineo, General Manager of BHD Fondos.
Fred Abbo, Steven Puig, Larry Abbo, Gabriel Tineo, Carlos Tejera and Hugo Pérez. (EXTERNAL SOURCE).
The project will be developed within a portion of the 1,500,000 square meter land owned by Miches Land Development, a company invested in by the BHD Fondos I Closed Investment Development Fund in participation as local partners the Therrestra Group, Saillant Group, TVP Management and Constructora Sofisa.
About BHD Funds and Prime
BHD Fondos manages investment funds as a collective savings instrument, both for individuals and companies, with the aim of facilitating the diversification of its clients' investments and obtaining greater profitability.
This subsidiary of Centro Financiero BHD is a leader in the financial funds industry with more than RD$26 billion under management and the largest number of clients in the sector, which in turn manages a real estate investment fund and another closed development fund.
The BHD Fondos I Closed Development Investment Fund has been involved in the tourism sector since 2022. All investments are direct capital investments, with local and international partners, channeling resources from local pension funds and promoting foreign direct investment from participants with a recognized international track record.
The firm Feller Rate awarded it an AAfa rating, the highest given to investment funds in the Dominican Republic, validating the credit profile of its portfolio and the fulfillment of its investment objectives.
Prime Group, for its part, is a Florida-based hotel and real estate development and operating group with more than four decades of experience associated with world-renowned brands.
It is a multifaceted company with a vision for improved and sustainable real estate development. Its project portfolio includes shopping centers, offices, mixed-use developments, hotels, resorts, restaurants, and single-family and multi-family residential communities. It boasts a portfolio of over 80 hotels and 12,000 rooms under renowned brands such as Marriott, IHG, and Hilton.
