Cap Cana Destination
Horwath HTL was tasked with appraising a total site area of approximately 29,735 acres (120 mill sqm) in the east of the Dominican Republic, including approximately 8.5 kilometers (5.28 miles) of seafront, with about 4 kilometers (2.5 miles) of beachfront, bordered to the East by the Caribbean Sea and to the North, West and South by undeveloped land.
Solution (Scope of Work)
Horwath HTL conducted a valuation of project development land exceeding 120 million square meters. Among others, the study included a market area analysis, site description and analysis, accessibility, zoning and valuation per land segment, size and topography, project description, and estimate of value. This was followed up by a destination benchmark involving projects in North America, Central America and the Caribbean, in the development phase of the Tourist Destination Cap Cana, a master-planned, gated, multi-use luxury resort and real estate community, one of the most renowned in the Caribbean.
A portion of the appraised site became the Cap Cana Mixed-Use Development, ranking among the top luxury touristic developments and residential communities in the Caribbean.