The upcoming hotel boasts 500 rooms along with eight restaurants, seven bars, a gym, a spa, a convention hall, and further facilities.
HOLY SUNDAY.– BHD Bank has confirmed the allocation of US$ 78.8 million to Anacaona Group. The purpose is to purchase, refurbish, and brand Jewel Palm Beach Hotel as Hyatt Vivid Palm Beach. This is meant to be an exclusive adult hotel in La Altagracia province.
The funding agreement was entered into by several key stakeholders. Luis Molina Maríñez, Ana Judith Alma Iglesias, and Denis Rosario were the representatives.
Maríñez stated, “Tourism growth in the Dominican Republic is one of our top priorities at BHD Bank. We are proud to take an active role in our business and corporate banking division. Our involvement includes strategic advice and financing for high-impact projects.” Here, he referred to the hotel in the Punta Cana tourist hub.
The reimagined hotel is expected to commence operations in December 2025. The projection is to create over 3,000 jobs, both indirect and direct.
Luis Molina Maríñez, Judith Alma Iglesias, and Denis Rosario are photographed. (External source).
“The Anacaona Group deeply appreciates BHD Bank for their unwavering support and Hyatt for trusting in our vision,” said Alma Iglesias.
Rosario commented on Hyatt’s ongoing strategic growth plan. He thanked Anacaona and BHD Bank for investing in their vision and contributing to the country’s economic and social development.
The new establishment will be equipped with 500 rooms and various amenities. This includes eight restaurants, seven bars, a gym, a spa, and a convention hall. This will be the second Hyatt Vivid worldwide, with the first one in Cancun, Mexico.