BHD Fondos, a company of the BHD Financial Center that channels resources from institutional investors in the real sector, was participating in the recently completed International Tourism Fair – FITUR 2024 – in the city of Madrid, Spain and as part of its objectives in this fair of tourism, the investment fund manager analyzed potential investments in the sector, focused on promoting new poles and sustainable development.
Gabriel Tineo, general manager of BHD Fondos
Gabriel Tineo, general manager of BHD Fondos, expressed that “our Closed Development Investment Fund BHD Fondos I, participates in the tourism sector since 2022 through the capital investment in the Hotel Zoëtry Agua Punta Cana. This fund was intended for the expansion of 75 housing units. This contributes to the generation of 140 new direct jobs, more than 70 indirect jobs and the revitalization of the economy.”
All are direct capital investments, with local and international partners, promoting foreign direct investment from participants with recognized international experience.
Support for the new Miches tourist center
One of its most recent projects consists of the phased development of a 1.5 million square meter property with 700 linear meters of beach located in Punta Hicacos, Miches, which, once consolidated, will represent a total investment of more than US$400 millions.
This investment is executed with the support of other types of funds and in partnership with a consortium of local investors specialized in hotel and real estate construction and development. It will serve as a catalyst for the Miches destination, expanding the hotel offering in the area with internationally recognized brands.
The Kimpton Miches hotel, a brand belonging to the North American hotel chain Intercontinental Hotel Group (IHG), will be the first project to be developed, adding 350 new rooms and creating more than 2,000 direct jobs during its construction and 700 direct jobs once operating, contributing to the social and economic development of the province of El Seibo and surrounding areas.
This first project will only use a footprint of 10% of the land in the master plan, generating a minimal environmental impact in the area and will be developed under international standards of environmental management of construction and operation.
BHD Fondos manages investment funds as a collective savings instrument, both for individuals and companies, with the aim of making it easier for its clients to diversify their investments and obtain greater profitability.
This subsidiary of the BHD Financial Center is the industry leader in managed volume of financial funds and number of clients, and in turn manages a real estate investment fund and another development fund.
The Feller Rate firm gave it a rating of AAfa, the highest given to investment funds in the Dominican Republic, validating the credit profile of its portfolio and compliance with its investment objectives.