Cabo Rojo Destination Phase I
The Cabo Rojo project is a privately and publicly funded destination development in Pedernales Province, advancing through four (4) phases over 11 years. Spanning approximately 38.6 million sqm (9,538 acres) of land owned by the Dominican State, the final phase will encompass 12,000 upscale hotel rooms, a golf course, villa lots, a new international airport, cruise port, and a variety of recreational and leisure activities, including a water park.
Solution (Scope of Work)
Horwath HTL researched and examined the general market conditions of hotel resort supply, demand, and comparable average room rates for existing destinations in the Dominican Republic, the Caribbean, and Central America, as a base for the underlying performance projections of the hotel resort components of the Proposed Cabo Rojo Destination as described in the Master Plan. The Market Study also involved the evaluation of the proposed destination site, its features and surrounding area, culminating in the operational cash flow projections.
Development phase I components are currently under construction and are anticipated to commence operations by 2025.