The Dominican Republic’s economy is now ripe for real estate acquisitions by foreign investors as the global real estate recession is coming to an end. This makes the DR a prime target for opportunistic investors.
Miami Beach, FL (Vocus) June 22, 2010
Today, the Paradise Is Mine Company, an international real estate marketmaker of luxury tropical real estate properties, announced its impending plans for the acquisition of hotel properties on the north coast of the Dominican Republic.
“In response to the overwhelming interest of our investors in Latin America, we are acquiring properties and projects in this developing region” stated company spokesperson Daniel R. Du Pont III. "Now is the time to identify and capitalize on the opportunities the real estate market has presented. Now is when we have a prime opportunity to create wealth for our investors.” Du Pont further stated.
Paradise Is Mine company liaisons have been identifying opportunities within the Dominican Republic over the last year and plan to mirror Donald Trump and other successful developers who have provided luxury products to the Dominican marketplace.
The Dominican Republic experienced explosive growth in 2007 with Trump’s involvement in Cap Cana, a 8,680 acres development which is being developed over a 10-year period. The Cap Cana project is expected to represent 2 billion dollars in real estate investment for the Dominican Republic. Paradise Is Mine has strategically targeted the north coast of the island but would not reveal the exact location of its acquisition targets.
The Paradise Is Mine Company is heavily involved in marketing its holdings and those of its strategic partners on the Caribbean paradise of Rum Cay in the southern Bahamas. The company has attracted A-List celebrities as clients and plans to utilize the same process in the Dominican Republic. Many of the company’s investors have also agreed to participate in the Dominican Republic development projects.
The Dominican Republic is an important real estate and tourism destination in the Caribbean as it provides scenic natural beauty and has a desirable location. “We feel this is an important step in our evolution as a company. The recipe is simple. Follow Donald Trump and you can’t lose. It is like opening a restaurant across the street from McDonald’s. We feel this is a low risk play.” – Du Pont stated.
The company’s business model includes partnerships with premier hotel brands and globally renowned service providers. Paradise Is Mine has a storied track record in creating marketplaces utilizing atypical recession proof global marketing strategies. The company has developed global marketing practices that have enabled it to attract buyers is burgeoning economies.
The Dominican Republic is the second largest Caribbean island behind Cuba and benefits significantly from visitors from the United States, Latin America and Europe. A strong, readily available, low cost work force coupled with the island’s natural beauty, stable government and rich history make the Dominican Republic very attractive to international developers.
"The Dominican Republic’s economy is now ripe for real estate acquisitions by foreign investors as the global real estate recession is coming to an end. This makes the DR a prime target for opportunistic investors.” according to D. Everett Brown, global real estate investment analyst for the Caribbean region.
Contact Information - Daniel R. Du Pont III
Paradise Is Mine LLC