SEARCH

Thank you! Your submission has been received!

Oops! Something went wrong while submitting the form

Close X

INFORMATION

There are currently no Help notes in this section.

Close X

All Opportunities in Selected Country | All Opportunities | Return to Map.

Latino Baseball Town
Dominican Republic
Ocoa Bay
Dominican Republic
Sosúa Beach
Dominican Republic

Latino Baseball Town is a proposed development on 1,500 acres of prime real estate in the Dominican Republic. Designed by international architecture and engineering firm DLR Group, the development will consist of a 20,000 seater stadium, with an expanded capacity to cater for 40,000 spectators. Adjacent to the stadium will be a series of baseball complexes for elite player development and training, featuring luxurious player accommodation, meeting space and locker rooms, and a sports medicine centre.

The development will also include accommodation to cater to all types of visitors, including five star hotel accommodation, mid-range hotels, 1 to 3 bedroom luxury villas, a conference centre and onsite golf and tennis club. World-class, high-end retail and dining opportunities will be intermixed with the stadium, hospitality facilities, and a Latino Fan Experience concourse. The retail centre will be a luxuriously landscaped, open-air shopping street modelled on “lifestyle centres” with both permanent amenities and portable ‘amenity pods’ for major events.

Visitors will be able to enjoy year-round recreation  with the developments’ pedestrian-friendly, park-like setting and close proximity to Casa de Campo resort, offering polo and equestrian activities, a shooting range, marina, beaches and water based activities.

The development will be highly accessible, located on the new Coral Highway and with easy access to three international airports, including the country’s largest airport, Punta Cana International Airport.

Sector Strengths

Competitive Development and Operating Costs

Development Costs

  • Construction costs in the Dominican Republic are among the most competitive in the Caribbean. Construction costs for five star hotels range from US$173 - 346 per sq ft and US$115 - 321 for three star accommodation. Strip retail development ranges from US$ 80 - 127 per sq ft.[1]

Operating Costs and Infrastructure

  • Dominican Republic is among the lowest cost Caribbean nations for electricity, water charges and telephone costs.[2]
  • Wage costs in the country are highly competitive: The annual salary of an experienced hospitality employee is approximately US$3,438 per annum. With 188,000 people directly employed in the country’s tourism sector, there is a large and experienced talent pool to support tourism developments.

Dominican Republic’s Growing Tourism Market 

  • Surrounded by the Atlantic Ocean on the north and the Caribbean Sea on the south, the tropical island of the Dominican Republic boasts nearly 1,000 miles of coastline and 250 miles of the world’s top beaches. Its wide variety of sports, recreation and entertainment activities and magnificent national parks, mountain ranges, rivers and beaches have resulted in growing visitor numbers each year.
  • Baseball is at the heart of the Dominican Republic’s sporting activities, with one in five Major League Baseball players originating from the island and high performances in the World Baseball Classic.
  • The Dominican Republic is the largest tourist destination in the Caribbean. International tourist numbers increased by 9.6% in 2014 to reach 5.14 million. The USA was the largest source country accounting for 1.78 million visitors. Visitor numbers are expected to reach 10 million by 2023.[3]
  • The tourism market has experienced rapid year-on-year growth since 2009, with international visitor numbers increasing by 29% between 2009 and 2014.
  • International tourist receipts exceeded US$5 billion in 2013, with consistent year-on-year increases since 2009.[4]
  • Overseas visitors were responsible for 76% of total tourism expenditure in 2014.
  • The leisure segment accounts for 94.6% of the tourism market value, while business travel accounts for the remainder.
  • The contribution of the tourist industry to The Dominican Republic economy is forecast to increase by 2.8% per annum between 2015 and 2025.[5]

Regional Industry

  • In 2012 approximately 26.3 million people travelled to the Caribbean.
  • Increases are attributed in part to improvements at airports around the region, the opening of new hotel chains, and an increase in direct flights and airline seat capacity.
  • Tourists overall spent more than $29 billion in the Caribbean in 2014, an increase of more than $1 billion over the previous year.

-------------------------

[1]Based on a Rider Levett Bucknall Survey. The costs include FF&E, but exclude operator’s stock and equipment, fees, land costs and local taxes
[2] fDi Benchmark from the Financial Times Ltd 2015
[3] Caribbean Tourism Organization
[4] World Bank World Development Indicators
[5] WTTC Travel & Tourism Economic Impact 2015

Investor Testimonials

Given the area’s established a hugely successful tourist industry, high rental returns are far more achievable than many other more obscure international destinations, which, although they are billed as investment hot spots, suffer from an acute lack of infrastructure and basic services… with the American market demanding more short haul holidays, a much greater demand for Caribbean rentals is being experienced, and international tour operators are fighting to secure rental property. This bodes well for investors looking for consistently high returns.

Pat Lyons, Managing Director of Lyons Properties, developer of the Punta Pearl Resort, The Dominican Republic
Incentives

Investments in the tourism sector are supported by the Tourism Incentive Act 158-01. The act offers a range of incentives during pre-approval and post approval of development projects.  The incentives for provisional approval include:

  • Exemption from the requirement to legally establish the company
  • Increases in share capital
  • Property transfer tax (3 percent of the value of the property)

After the project has been approved the following incentives will be applicable:

  • Exemption from income tax for ten years
  • Exemption from national and municipal taxes
  • Exemption from taxes on construction and planning
  • Exemption from taxes on the payment of loan interest
  • Exemption from equipment import taxes (exempt from customs taxes, taxes on transfer of industrial goods and services)
  • Exemption from taxes on luxury housing
Agribusiness worker 
(annual labour cost  = unskilled production operative)
Electricity cost
The cost for electricity for industrial use per kWh
Water cost 
The cost for water for industrial use per cubic meter.
Gas cost 
The cost for gas for industrial use per cubic meter.
Telecom cost
The cost charged by a leading telecom operator for a 3 minute call to USA
Industrial space (Property) *
capital city – give name - The total cost of industrial space based on rental fees plus any taxes and/or service charge (per sq ft p.a.)
Office space (Property) * 
capital city – give name -The total cost of office space based on rental fees plus any taxes and/or service charge (per sq ft p.a.)
Social security contributions (employer) %
Statutory social security which companies must pay on top of salaries
Select fact file categories to add to export

Thank you! Your submission has been received!

Oops! Something went wrong while submitting the form

Indicators for Labour Costs

Data Point Value Units Year
Labour costs (minimum wage USD per month)1 330 US dollar per month 2015
Social security contributions (employer) %2 16.8 Percentage 2014

1 - World Bank Doing Business
2 - EY Worldwide Personal Tax Guide 2014/15

Indicators for Utility Costs

Data Point Value Units Year
Electricity cost1 186 US dollar per Megawatt per hours 2015
Water cost - The cost for water for industrial use per cubic meter2 0.2 US$/m3 2014
Telecom cost - The cost charged by a leading telecom operator for a 1 minute call to USA3 0.03 USD per minute 2013

1 - Climatescope
2 - Corporacion del acueducto y Acantarillado de Santo Domingo
3 - International Telecommunication Union - ITU

Indicators for Property Costs

Data Point Value Units Year
Industrial space (Property)1 122.6 USD per year/m2 2015
Office space (Property)2 224.5 USD 2015
Grade A office building costs3 121 USD/sq.ft. 2014
Industrial space building costs4 73 USD/sq.ft. 2014

1 - Cushman and Wakefield
2 - Cushman and Wakefield
3 - RLB - Rider Levett Bucknall (Caribbean Report)
4 - RLB - Rider Levett Bucknall (Caribbean Report)

Indicators for Taxes

Data Point Value Units Year
Top personal tax rate (%)1 25 Percentage 2015

1 - The Heritage Foundation

Indicators for Exports

Data Point Value Units Year
Travel services (% of commercial service exports)1 81.8 Percentage 2013

1 - World Development Indicators

Indicators for Track Record

Data Point Value Units Year
Number of companies in hotels1 977 Number of companies 2016
Number of companies in leisure and entertainment1 4244 Number of companies 2016

1 - fDi Intelligence from the Financial Times

Indicators for Attractiveness

Data Point Value Units Year
International tourism, number of arrivals per capita1 0.46 Arrivals 2013
Expenditure per visitor2 1080 US dollar 2013

1 - fDi Intelligence from the Financial Times based on World Development Indicators
2 - The Travel & Tourism Competitiveness Report, World Economic Forum
3 - Yale University

World Happiness Rank4 98 Index 2015

Department for Investment Promotion and Development

Av. Cayetano Germosén

Esquina Av. Gregorio Luperón

Santo Domingo

Dominican Republic

Phone: 809-221-4660