MADRID, SPAIN - Wyndham will open the first hotel from its Trademark Collection brand in the Dominican Republic. The City Hub Trademark Collection Hotel is expected to be completed by early 2024. The project will consist of an 82-room tower that will boast eight levels of hotel and condo-style accommodations altogether, plus two levels of common areas. Among the amenities, the property will have one full floor of coworking space, as well as restaurants, a swimming pool, event space and 105 parking spaces.
This modern structure was thoughtfully designed by renowned Latin architect, Juan Machado, who has created a seamless balance between classic style and architectural grandeur for this project. The interior will be inspired by local charm and laid out strategically for comfort and practicality without forgoing elegance.
Santo Domingo, which was recently voted among the most modern and dynamic destinations in the Caribbean, will be the host site for this new property by Wyndham. The hotel will be located in the metropolitan area and accessible to shopping centers, schools, hospitals, work centers; and in close proximity to the city’s most emblematic places, such as its museums, the boardwalk and the colonial zone. Traditional bars, restaurants and bistros can also be found nearby.
“The City Hub Trademark Collection will attract business and leisure travelers and investors alike interested in quality service, distinctive experiences, and the individuality of the property they have chosen,” said Mr. Oswaldo Carrillo, president of Inmonbilairis. With an investment of more than USD $18,000,000, the project is backed by a financial structure developed together with OMG Fiduciaria and will offer many advantages to potential and new property owners. In a market teeming with semi-luxury properties, association with the Trademark Collection by Wyndham brand will build confidence among those looking to invest in an emerging destination.
The City Hub Trademark Collection Hotel is a franchised deal by way of Grupo De Valle’s relationship and development agreement with Wyndham Hotels & Resorts for the Dominican Republic, a world leader in hotel management services with more than 400 within its portfolio globally.
“Using Wyndham’s proprietary revenue management system and a local operation will allow the hotel to meet performance goals and deliver rental returns for the condo-hotel unit owners. Though rental income is not guaranteed, the investment return forecast is based on regional historical data,” said Mr. Edward De Valle, president of Grupo De Valle.
Four of the eight floors of accommodation from this upcoming project will be destined to investment residences. The 43 exclusive condo-style units will go on sale in February and will come fully-furnished under the standards of the Trademark Collection by Wyndham.