BÁVARO-PUNTA CANA, LA ALTAGRACIA. – Noval Properties, a pioneering developer of tourist real estate in the eastern region of the Dominican Republic, celebrated the launch yesterday of its boutique hotel, Esplendor by Wyndham Oceana, an innovative hotel investment model with an all-inclusive package for investors seeking high returns on their properties. The project is backed by Wyndham and Yurbban Hospitality Group.
The event, held at Club Cielo, Bávaro – Punta Cana, brought together a large group of investors, strategic partners, real estate agents, entrepreneurs and industry representatives, who learned firsthand about the advantages and potential of this exclusive business model.
Executives from Noval and Yurbban Hospitality Group. (Fidel Pérez/El Inmobiliario).
The Esplendor by Wyndham Oceana boutique hotel will feature 61 rooms. According to information presented at the event, the property has been designed to offer consistent profitability, with a projected 10% return on investment and an occupancy rate exceeding 87%, located in the Dominican Republic's fastest-growing tourist destination.
“Tourism in the country continues to grow, with more than 11 million visitors annually. The Esplendor by Wyndham Oceana boutique hotel offers investors the opportunity to participate in this industry without worrying about the hotel's daily operations,” stated Lorena Sevilla, Commercial Director of Noval Properties in the Punta Cana area, during her remarks at the event.
Lorena Sevilla. Fidel Pérez/El Inmobiliario.
Investors will be able to benefit from the exceptions offered by the CONFOTUR law and other tax benefits.
“We are excited to be part of this innovative project in the heart of the Caribbean, contributing our experience and high global quality standards,” said Miguel Higuera, partner and expansion director of Yurbban Hospitality Group.
He explained that this new business model is destined to continue growing in the country, given that investors today are more informed than ever and know the product they are investing in.
Manuel Higuera. Fidel Pérez/El Inmobiliario.
For his part, Nathanael Pérez, asset manager at Noval Properties, emphasized that “this model is ideal for investors seeking diversification with an attractive return scheme, within a high-growth tourist destination.”.
