“It’s official. The famous Ritz-Carlton brand is coming to what used to be the Hyatt Dorado Beach Hotel.
The development of the five-star hotel is first in line for Caribbean Property Group (CPG)—owner of the Isla Verde Ritz-Carlton Hotel & Casino—and local developers Prisa Group, Dorado Mayor Carlos López confirmed to CARIBBEAN BUSINESS.
CPG and Prisa are partners in a joint venture through a private equity fund for an undisclosed amount that involved the acquisition of Dorado Beach, the Cerromar hotel, four golf courses, adjacent properties and residential developments.
According to López, details on the ambitious mixed-used hospitality and residential project to be anchored by the Ritz-Carlton hotel will be unveiled Saturday during a private VIP event in which the developers will preview their plans for what they call “an American icon” but, according to the mayor, all the parties agreed not to provide specific details about the project until Saturday.
According to sources, the Dorado property and its various components will be developed first. Plans to be unveiled Saturday are reportedly inspired in Laurance S. Rockefeller’s original vision 50 years ago of Dorado Beach as a unique resort and natural sanctuary of untouchable beauty and harmony.
Rockefeller—a stateside financier, philanthropist and conservationist (today, environmentalist) born in 1910—once described the Dorado Beach property as a “rarified blend of sun, sand and serenity.” Today, CPG and Stubbe are using Rockefeller’s original dream as inspiration for a new rendering of Dorado Beach that combines environmental authenticity and cultural sensitivity with modern sophistication and Caribbean style. ” (Via caribbeanbusinesspr.com ) by ELSA FERNÁNDEZ MIRALLES
Pointswizard.com Spin: read more. We also were informed by a reader who owns at the Hyatt timeshare on the property that the Cerromar Hotel site will be torn down to make way for a Fairmont Hotel. Great news for those of us who have stayed there and loved it.
