Seven high-impact global investment funds have set their sights on the Cruise On Land Punta Cana macro-project.
SANTO DOMINGO – The appetite of foreign investors interested in projects in the country remains strong. The emergence of innovative proposals that could be replicated internationally has focused attention on the Dominican Republic as a nation from which initiatives can be born and exported to other parts of the world.
The Cruise On Land Punta Cana macro-project, located in the eastern zone, is one of the projects that has recently gained global attention due to its diversified offering, which includes an urban district integrating real estate, hospitality, entertainment, and a wide network of businesses and corporate services in La Otra Banda, Punta Cana.
“To date, alliances have already been finalized with international funds, including one from the United States, and negotiations are underway with other funds worldwide, including one from India, one from Hong Kong, and one from Singapore,” explained Wolfgang Castillo, CEO, and Samuel Lozada, CCO, of the development company.
They highlighted the high demand from seven interested international funds. “Thank God for the project, for its nature, and for the appetite it generates. In other words, what's the problem when you now have seven funds that want financing? That's the problem we all wish we had, of course,” Castillo stated, referring to the oversupply of funds interested in the development.
In an interview with El Inmobiliario Media Group , the businessmen revealed that this tourist destination is experiencing an exceptional moment, with strong international financial backing that guarantees its growth and global reach.
Castillo added that the competition among the funds allows the project to select the best conditions for its development: “This is an oversupply of financing, and that gives us the opportunity to choose the best conditions, which ultimately benefit the project.”
He highlighted the vision of Fernando Serrano, head of capital markets:
“There is too much money in the world. What there isn't are good projects. So yes, there is capital,” assuring that Cruise On Land meets international standards to attract high-level investments.
He also emphasized that the project's financial strength allows it to incorporate the best international brands in hospitality and entertainment, strengthening its global reach.
International Investment and Project Expansion:
Lozada explained that the magnitude and scope of the project demanded solid financial backing: “When we saw the scale of the project, we said: this needs very robust support.”
The executive recalled the alliance with Perla Global Capital Advisors, led by Fernando Serrano, which has propelled the project to an international financial level.
“That gives investors peace of mind, and us too,” Lozada noted, regarding the letters of intent signed by the three top-tier international funds.
The CCO stressed that these alliances not only strengthen investment but also consolidate Cruise On Land's credibility with investors worldwide.
He also stated that the investment strategy ensures that resources are available to develop each phase of the project smoothly.
from Global Infrastructure
, detailed the investment and development phases of the project:
“The project has a GST phase, an investment phase where many investors invest in real estate units that will be operated in the tourism and hospitality sector.”
He noted that the project already has investors from more than 40 countries, with the Dominican diaspora being one of the main drivers of investment.
Castillo highlighted the role of Fiduciaria La Nacional, a strategic pillar of the project and a long-standing partner in real estate and tourism developments.
Regarding strategic alliances, he indicated: “Important things are coming… a first for the country on a global scale,” referring to agreements in hospitality, entertainment, and corporate development.
During the interview, they announced the acquisition of a new license for expansion: “We just acquired the license for the World Trade Center for the entire Punta Cana region,” connecting the project with more than 300 cities and 100 countries.
The CEO stated that the acquisition allows for the development of a destination that combines luxury, conventions, villas, medicine and health tourism, expanding the range of international services in the region.
Watch the full interview on our YouTube channel https://youtu.be/Xw4AmPmUBdU .
