Vivantia Homes has taken a giant step to further solidify its commitment to the Punta Cana destination. A strategic alliance with two new developments, unique in the Dominican market, represents a historic milestone with the first condo hotels from the renowned Meliá chain, opening this type of investment to individual buyers.
These are INNSiDE by Meliá Punta Cana Downtown with 290 exclusive condos and INNSiDE by Meliá Punta Cana Bávaro with 172 apartments and 16 villas, in the exclusive Cana Bay area.
José Luis Romero Ruiz, president of Vivantia Homes, highlighted the benefits for buyers of investing in a model under the Meliá umbrella, emphasizing its differences compared to others.
José Luis Romero Ruiz.
“Investing in a condo hotel and an Airbnb presents significant differences from an investor's perspective. In the former, you acquire a unit within a professionally operated hotel, with comprehensive services and management provided by a recognized hotel chain, such as INNSiDE by Meliá. This ensures a standard of quality and continuous maintenance, as well as more stable occupancy and greater profitability, thanks to the hotel chain's reputation and network,” he commented.
He emphasized that investing in short-term rentals involves more autonomous and personalized management, where the investor must take care of the daily administration, including cleaning, maintenance, guest services, and property promotion.
He added that a condo hotel offers advantages when managed by a chain like INNSiDE by Meliá, where owners benefit from professional and comprehensive management, including reception, cleaning, maintenance, and customer service, which reduces the investor's administrative burden.
“Furthermore, condo hotels maintain high standards of quality, from customer service to facility maintenance, ensuring a superior guest experience. Owners, in addition to profitability and peace of mind, have access to hotel amenities and services, with the highest level of service and facilities, such as a movie theater, swimming pools, gyms, coworking space, spa, and restaurant.”.
A milestone
The businessman pointed out that Cana Bay and the northern area of Bávaro are expanding towards Miches, where there is interest in more sustainable tourism, in contact with nature and quieter beaches, attracting a clientele seeking exclusivity. “It is also important to highlight within the project our luxury villas, which are the first in Punta Cana to operate under the Meliá umbrella and which are an innovative product within the area.
In the case of Downtown Punta Cana, he said that the opportunity to establish a hotel of this category linked to all the amenities offered by Caribbean Lake Park, the largest water sports park in the Eastern Caribbean, where owners and guests have access to the activities and facilities, is undoubtedly a safe bet for high occupancy by combining family, residential, business and tourist audiences, as well as the congress sector in which Meliá is a leader in the region.
Occupation
José Luis Romero said that an average annual occupancy rate of over 80% is projected, based on the continued growth of tourism in the Dominican Republic and the strong demand for high-quality accommodations in Punta Cana. Regarding the return on investment, he expects it to be well above the regional average. “These projections are supported by market analysis and current trends in the tourism and hotel sector.”.
Regarding the advantages for investors, he stated that they will have access for the first time in the country's history to condo hotel units, being able to enjoy all the amenities of a luxury hotel and with their investment in the best hands, generating a much higher return than other similar products in the area.
“In addition, investors can use their days at their property or exchange points for stays at more than 370 Meliá Group hotels worldwide. They will also receive a Gold membership, with worldwide discounts and 100,000 Meliá Rewards points.”.
Brokers
For brokers, in addition to the incentives offered by Vivantia Homes such as all-expenses-paid trips to Europe or the United States, they have added 100,000 Meliá points, as a courtesy depending on sales, so that they can experience the pleasant experience and pass it on to buyers.
“At Vivantia Homes, we are proud to offer real estate developments that not only redefine luxury, but also a secure and profitable investment for our clients. Our collaboration with Meliá Hotels International is a testament to our commitment to excellence and innovation in the market, elevating Punta Cana and the Dominican Republic to their rightful place.”.
Article originally published in the 9th edition of El Inmobiliario print magazine.
