Donald Trump to Develop a Luxury Resort in the Domincan Republic

Just last week, Donald Trump signed an agreement with Cap Cana, S.A. in the Dominican Republic to design a new luxury resort. Plans include a golf course, golf villas and golf lots, estate lots, a beach club, a condo hotel, and residences with ocean views. The new resort is to be called Trump at Cap Cana.

Cap Cana, located in the Caribbean, is easily accessible as it is near the Punta Cana International Airport. The projected cost is estimated at $1.5 billion dollars, will cover an area of about 30,000 acres and will take about 10-12 years to develop.

At its completion, Cap Cana will feature more than 5,000 residential units and at least four luxury hotels. There will be three Jack Nicklaus Signature Golf Courses, the first of which – Punta Espada – opened in November 2006. There will also be a state-of-the-art marina featuring over 1,000 slips catering to mega yachts up to 150 feet. Other services included will be boutiques, restaurants, spas, water sports, and polo among others.

Trump is a huge name in current real estate. Along with this Cap Cana project, Trump is also developing residential, hotel and golf club projects in Las Vegas, Chicago, Miami, Los Angeles, the Caribbean, Hawaii, Westchester, NY, Bedminster, NJ, Aberdeen, Scotland, and Dubai, UAE.

For more information about mega yachts, please visit Fraser Yachts.

New Equipment Upgrades San Diego Boat Yard, Increases Tourism

Marine Group Boat Works, San Diego's largest boat repair facility, now owns a Travelift. It is one of two in the United States and is designed to move boats weighing up to 660 tons. With this new equipment they will be able to service much larger boats. As a result in the shift to servicing the larger boats, the company will also be doubling its staff.

The company, formerly known as the South Bay Boat Yard, stands against competition from boat yards all over the world including the big yards in Amsterdam, Netherlands; Barcelona, Spain; and Bremen, Germany. Domestic competitors include Seattle, Miami, and New Orleans.

Todd Roberts, Vice President for the Marine Group Boat Works says that a travel life is more efficient than a floating dry dock as the dry dock is not as cost effective to operate. It also takes far longer to get the boat out of the water and causes more pollution. He also says that refitting mega yachts will make an economic impact on the region. Annual expenses for a yacht are anywhere from one to ten percent of its value so some boats can run in the millions for general upkeep.

In addition to the money spent on the boats’ upkeep, the yacht owners are also known as big spenders when it comes to everything else as well; from nights out to shopping sprees. There is also speculation that having more mega yachts sail through the area can increase tourism as simply viewing these boats is thrilling for many people.

Mega-Yacht specialists acquire Rodney Bay, St Lucia

As of January, 2007, Island Global Yachting (IGY) acquired mega-yacht Rodney-Bay marina in St. Lucia. IGY is a leading developer in luxury marina facilities. They currently have marinas in St. Maarten and St. Thomas and facilities throughout the Caribbean.

Rodney Bay in St. Lucia is one of the most popular and modern marinas in the Caribbean. Once nothing but swamplands, the area was cleared in the 1970’s and developers realized the potential of the spot. After it was developed in the 1980’s, Rodney Bay became the official port of entry with immigration and customs offices.

The St. Lucia marina currently has 232 berths and a 4.5 acre boatyard plus shops, restaurants and hotels on dry land. Now that IGY is entering the picture, the $100 million project will give Rodney Bay a facelift and bring it into the sailing spotlight.

IGY’s vision for Rodney Bay will offer the market top-notch marina services. As leaders in their field, they have a clear idea of what yacht owners want and plan to deliver on that. They don’t look at the marina merely as a dock, but more like a five star hotel offering many superior services. IGY’s plan is to carry on with their project with as little upset to the rest of the marina as possible.
For more information on mega yachts, please visit Fraser Yachts Worldwide.