Madrid, Spain. The Martinón Group and the Reserve Bank have signed an agreement for the construction of the first two hotels that will operate in the Punta Bergantín project in Puerto Plata under the Hotelera Hyatt brand and will require an investment of more than $200 million.
The agreement was ratified at the Fitur 2024 International Tourism Fair in the presence of Gabriel Phillip, President of Latin America at Hyatt Group; Enrique Martinón of the Martinón Group; Samuel Pereyra, Administrator General of the Reserve Bank; Andrés Marranzini, Director of the Punta Bergantín Trust and Minister of Tourism David Collado.
He Master plan The project has an area of 9.6 million square meters and in the first phase it is planned to build around 2,000 rooms, of which 700 will initially be units.
Both hotels are in the design phase and will begin construction in the middle of this year. Grupo Martinón will integrate this hotel into the new Bergantín destination and operate it under the Hyatt Ziva and Hyatt Zilara brands.
The backup copy
Hyatt Group’s Latin America president expressed his satisfaction with the support the hotel company has received over the years of its operations in the Dominican Republic, where he said he feels at home.
Phillip expects the hotel project to be a great success and highlighted the support that the Reserve Bank, the Ministry of Tourism and the government of President Luis Abinader are providing to tourism and the country’s development.
Important investment
The general manager of Banreservas explained that this is the most important hotel investment made on the north coast of the Dominican Republic in the last 20 years.
Pereyra said that the Dominican Republic is proud to achieve the relaunch of the Puerto Plata tourist complex, where the development of this sector began.
He recalled that the Bergantín project was presented to European and North American investors a year ago at Fitur, which is now a reality thanks to the confidence in the country and the interest of President Abinader in the revitalization of the tourist destination of Puerto Plata.
“Today, together with the Martinón Group and the Grupo Hyatt Group, this project has become a reality, with the construction of the first hotel, which will require an investment of more than $200 million,” he emphasized.
Pereyra urged investors to continue to trust the Dominican Republic as a destination, affirming that the Reserve Bank will continue to be a firm ally of the sector “to continue supporting these types of projects.”
Financial support
The international promotion of Punta Bergantín as a tourist and investment destination is part of the joint efforts of the Ministry of Tourism and the Reserve Bank, which manage the attraction of foreign investments and offer facilities for the development of hotel infrastructure that contribute to national development.
investment
The Reserve Bank plans to allocate RD$150 million to finance tourism projects in the region. Once completed, Punta Bergantín is expected to have 6,000 hotel rooms as well as 3,000 living rooms and an academic campus aimed at promoting education and innovation in the country.
About the Martinón Group
It is a traditional Spanish family company that specializes in tourism investments. It began its journey in 1973 under the leadership of its founder Enrique Martinón Armas.
The group has consolidated into a business project that brings together a group of companies present in four countries: Spain, Mexico, the Dominican Republic and Aruba. Its main activity is the development, establishment, marketing and management of hotels. With more than 2,000 rooms in the country, this is the first foray into the north of the island.
About Brig
It is the strategy to integrate a new hotel and tourist destination in Puerto Plata. It is a unique development that incorporates the history and community of a special destination where tourism began in the DR.
A comprehensive development of at least 4,500 new hotel rooms, 2,000 tourist residential units and a further 2,500 mixed-use units, a golf club, publicly accessible beach clubs and the creation of a unique themed city in the region are planned. There will also be artist Vin Diesel’s film studios and an innovation center that will make the destination the «Silicon Beach» of several ventures.
