Luperon Boat Sales - Luperon Events

Associated Press
Dominican Republic to Get Yachting Resort
October 05, 2004, 07:43 PM

A Miami-based group of developers announced plans Tuesday to build a large resort dedicated to yachting along the Dominican Republic's northern coast.

The 2,600-acre resort will include 20 hotels, 80 docks, hangars for 280 yachts, a cruise ship terminal and a private airport, said Pierre Schnebelen, the head of Puerto Luperon Corp.

It would also include 3,500 houses and condominiums to be sold at between $500,000 and $6 million each.

Schnebelen declined to say how much the resort will cost, saying the project will be financed in stages as each residence is sold. Developers have so far sold 50 houses, raising $150 million, he said.

The group has already bought the property in Luperon Bay, located on the northern tip of Hispaniola, the island shared by the Dominican Republic and Haiti.

Construction is scheduled to begin in December and continue over 10 years, Schnebelen said. The resort is expected to employ 50,000 people.

Tourism is one of the Dominican Republic's biggest industries, bringing in about $2 billion in 2003.

Reported in DR-1 October 12, 2004

Luperon's turn...

President Leonel Fernandez was on hand for the Santo Domingo official launching of the Atlantica residential and touristic project at Luperon on the North Coast. Luperon is a beach and natural harbor area located 15 kilometers west of the city of Puerto Plata. Elena Viyella de Paliza, as the executive director of the project, made the announcement last week. Pierre Schenebelen, who collaborated on the initial development of Cap Cana on the East Coast, is the president of Puerto Luperon Corporation, the development company.
"Creating a resort community on the scale of ATLANTICA is any developer's ultimate dream, but until now we never found a setting that could live up to it. With Luperon Bay in the beautiful Dominican Republic, that dream will be realized, and we intend to preserve the natural wonders of this site," said Schnebelen, whose team has been recognized for creating first-class Alpine ski resorts, beach enclaves and golf destinations.
The Atlantica golf courses will have none other than golfers Arnold Palmer and Jim Fazio working on their design. The first course is planned to open for play in May of 2006. The courses will reportedly lead golfers through tropical canyons and have strategic holes built into the sides of cliffs.
Atlantica centers around one of the country's finest natural marinas. Developers have said that guests at the resort will not likely face hurricanes. Luperon is reputed to be one of only two "hurricane holes" in the Caribbean zone, and has been attracting yachts and fishing boats in search of shelter and a safe harbor for centuries.
As part of the billion-dollar project to be developed in three stages over ten years, the resort will boast a private airstrip and the country's largest marina, plus 3,000 deluxe vacation-home properties and at least 20 hotels that are planned for construction. The first phase is set to begin in December 2004 and calls for an initial US$150-million investment. The first 99 Founder's Plan Harbor Town Homes and the Bay Beach Club are scheduled to be available by December 2005, followed by the completion of 68 Harbor Town Homes and the Fishermen's Village Bed & Breakfast in June of 2006.
In December 2006, the Ambar Hotel is slated to open its doors, by which time an additional 60 Harbor Town Homes and 30 Marina Estates should have been sold. The Puerto Luperon Corporation press release indicates that, all in all, the project will create some 25,000 tourist beds. The harbor encompasses 450 marina slips, as well as various shipyards and dry dock facilities with 260 covered super-yacht hangars for up to 280 yachts. A cruise ship terminal is also being contemplated.

ATLANTICA - Largest Ever Multi-Use Residential Resort Community in the Caribbean - Closes Founder's Program at an Astounding $95 Million Monday December 13, 2004. PUERTO LUPERON, Dominican Republic, Dec. 13, 2004 PRNewswire -- Puerto Luperon Corp, a major international development company, today announced the successful closing of ATLANTICA's Captain's Cove Founder's Program two months after its official launch on October 5, 2004, with more than $50 million in sales contracts and over $45 million in signed upgrade options. The Developer - Mr. Pierre Schnebelen - in his October 5 launch speech, committed to President Leonel Fernandez of the Dominican Republic to put ATLANTICA on the world map as a major yachting community. In their address at this weekend's Closing Event Farewell Dinner, Mrs. Elena Viyella - ATLANTICA's Chairman of the Board - and Mr. Schebelen declared the October 5 commitment a "mission accomplished." Through a partnership with Miami-based Resorts of the World, LLC - the marketing and sales agent for ATLANTICA's real estate - this sales number was achieved in a record-breaking two months. Mr. Schnebelen challenged his team to double the rate of sales during the next two months, in part by way of the announcement of the second phase featuring Fishermen's Village, which will include an additional Beach Club and two hotels. The hotels will serve stunning apartments and duplex condominiums, overlooking both the AtlanticA Marina, and the Atlantic Ocean. Also included in this release is the spectacular AMBAR Hotel and further real estate opportunities. "The success of this first closing is extremely gratifying," said Pierre Schnebelen, ATLANTICA developer and visionary, and President of ATLANTICA. "With construction of the infrastructure already on the way, and the ground breaking of the Captain's Cove Townhomes starting in January 2005, we look forward to welcoming the first residents to their new homes in December of 2005". ATLANTICA's closing event for the Captain's Cove Founder's Program was held at the prestigious Hotel Casa Colonial in Puerto Plata, Dominican Republic, with buyers and now members of the Founder's Club attending from the Dominican Republic, North America and Europe. Also present was Elena Viyella Paliza - President of Indescorp, a management and financial consulting company in the Dominican Republic- and Chairman of the Board for ATLANTICA. Noted Mrs. Viyella: "The interest in ATLANTICA and the Dominican Republic is nothing less than astounding. This project will undoubtedly impact the growth of tourism, creating thousands of jobs." Scheduled for delivery in December of 2005 is the Bay Beach Club, a hotel and club exclusively for the residents of Captain's Cove, followed by the Arnold Palmer Signature Golf Course in May of 2006. About ATLANTICA ATLANTICA will be the most innovative multi-use Resort Community in the Caribbean, attracting a select high-end clientele from around the world. Located on the northern tip of the Dominican Republic in the Luperon Bay - one of the few natural harbors and hurricane shelters in the area - the Resort Community will be a leading yachting destination, and the golf capital of the Caribbean. Created by renowned developer Pierre Schnebelen, the project when completed will include more than 3,500 residential units - most with private docks, with plans for 20 hotels, 550 shops and restaurants, three golf courses of which two are signature courses, harbor with a cruise ship terminal, a multitude of docking facilities, marina slips, super yacht hangars and shipyards with dry dock parking facilities. It will also include its own airstrip and airport operations, with hangars for up to 160 aircrafts. For more information, please visit ATLANTICA or call 1-800-899-7341 from the U.S. and Canada, or +1-786-888-9000 from outside the U.S. and Canada.