Trump's new Puerto Rican luxury golf retreat
25th August 2008
Terestella Gonzalez-Denton, executive director of The Puerto Rico Tourism Company (PRTC) and The Trump Organization has announced a deal to create one of the largest and most impressive developments in all of the Caribbean. Investing over $600 million in the island, the Trump International Golf Club Puerto Rico in Rio Grande will be an upscale and exceptional residential community nestled alongside the beautiful Atlantic Ocean.
Trump International Residences & Golf Club Puerto Rico will be envisioned in the ‘grand style’ of a traditional resort - opulent, private, and completely full-service. The 1,000 acre property will feature up to 500 exclusive residences, a beautiful coastline, a ten-acre beach club with countless activities for adults and children, tennis facilities, a world-class restaurant, indoor-outdoor bars, boutiques and pro-shop, a first rate spa, glorious pools, a fully-equipped business centre and a state of the art fitness centre.
The centre-piece of the development is PGA veteran Tom Kite designed 36-hole championship golf course which offers a challenging, one of a kind layout that takes players through the mountains, alongside the ocean, next to sparkling blue lakes, and under a forest of palm trees.
The course has already achieved recognition as the home to the PGA’s Puerto Rico Open; its inaugural stop was in March 2008 and will also be held from 3-9 March 2009. “I’m a passionate golfer and every detail will be important to me,” says Donald Trump.
“It will be among the finest destinations anywhere in the Caribbean,” says Donald Trump. Eric Trump will be personally hands-on with every step of the project’s creation. “The Trump Organization is very actively involved in this development on all levels. We are partners with a very substantial equity contribution and a keen interest in the highest quality being delivered to Puerto Rico.”
“Mr. Trump’s decision to open such an amazing high-profile property on our island is an honour,” said Ms. Gonzalez-Denton of PRTC. “The addition of such a prestigious name in the golf and real estate industries to Puerto Rico will allow us to continue to raise the bar on our tourism infrastructure and widen our ever expanding portfolio of luxury offerings.”
From: GolfBusinessNews
It is the island of which Ernest Hemingway once wrote: “It not only looks wonderful, it is wonderful.” It is famed around the world for its unspoilt beaches, the rhythm of its music, its staunchly communist regime and its political stand-off with the United States. Yet today, with the ink barely dry on Fidel Castro's resignation as president after half a century in power, Cuba's Ministry of Tourism will announce plans to build that most capitalist of institutions - a luxury golf resort complete with multimillion-dollar villas. A British company in which Sir Terence Conran is involved has set up a strategic partnership with the ministry to develop the first of several golf resorts on the Caribbean island. The $350 million (£177 million) development is being heralded as the start of a push by the Cuban Government to boost its economy through tourism. The Carbonera Country Club Resort, which is due to open in 2011, will be developed by Esencia Hotels & Resorts. It will be the first big investment in Cuba's leisure industry by a British company. Esencia is part of Havana Holdings, which was set up in 2001 with the aim of turning Floridita, the cocktail bar in Havana once frequented by Ernest Hemingway, into an international chain under a franchise deal with the Cuban Government. Sir Terence, a lover of Cuban cigars, is an indirect investor in the project through D&D London, formerly Conran Restaurants, in which he has a 51 per cent stake. D&D, which runs the Floridita restaurant in London, is a shareholder in both Havana Holdings and Esencia. The entrepreneur is also involved through Conran & Partners, his design consultancy, which has been hired to design the 900 luxury apartments and villas on the 150-hectare site. The units, which will be marketed to foreign investors by Savills Real Estate, will cost from $300,000 to $2 million. The resort will have a 150-room boutique hotel, a branded international spa, sports and aquatic facilities and an 18-hole championship golf course designed by PGA Design Consulting, which is linked to the Professional Golfers' Association. It will have “at least one” D&D restaurant and a Boisdale restaurant similar to the two in London. Carbonera is one of five golf projects in Cuba given the go-ahead by the authorities, three of them by Spanish developers and one by a Canadian company. Esencia is looking at nearby sites for one more resort. At present, Cuba boasts only 27 holes of golf - a nine-hole course in Havana for foreign businessmen and diplomats and the 18-hole Varadero Golf Club in the grounds of Xanadu, a seaside mansion built by Irénée du Pont, the American chemical industry millionaire. Andrew Macdonald, chief executive of Esencia, dismissed fears that the resorts would harm Cuba's character. “Carbonera's unique selling point will be its ‘Cubanness',” he said. “This will not be like any other golf resort in the world.” Esencia, which hopes to take a 75-year lease on the site after the relaxation of the ban on foreign property ownership, is also developing a chain of boutique hotels on the island. Michael Phair, the chairman, said: “Before the revolution there were 20 to 25 million visitors a year. Now there are about two million, of which about 250,000 are from the UK. That's why Cuba wanted a British company as a partner.” Article by Dominic Walsh from The Times
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