Apartment in Costambar

The apartment is rented for 1 year, now we are preparing another one, it will be available as from October 6th until November 25th.. It is on the same street , about 3 minutes walk from the beach. It is located very close to the ocean, with a magic breeze and the natural sound of the waves. In the next couple of days I’ll post some pictures.

August edition of Costambar News

POP Report, a must for visitors to Puerto Plata

May edition of Costambar News

Dominican Republic receives flights bound for Mexico

The vice president of the hoteliers and restaurateurs grouped in Asonahores Friday said more than 50 flights with tourists who were headed to Mexico will arrive in the country this week, after the H1N1 virus that affects that nation prompted a change of destination. Arturo Villanueva said those flights are being received via an agreement with Mexican hoteliers, as a show of solidarity. He said all the necessary preventive measures have been taken across the country’s ports and airports and all necessary equipment have been acquired to gauge body temperatures. The hotelier also lauded president Leonel Fernandez’s decision to allocate 50 million pesos to purchase antiviral medicine. Villanueva said in addition to the measures the authorities have taken in hospitals and hotel zones, any person with an abnormal body temperature is subjected to an examination.

Dominican hoteliers join forces to boost tourism in Puerto Plata

Puerto Plata.– Puerto Plata, the most important city in Dominican Republic’s north coast owns countless tourist attractions and sites of great historic and cultural value that should be taken better advantage of and put to better use. For this purpose, the Associations of Hotels, Restaurants and Tourism Business of Puerto Plata (Ashonorte), the Playa Dorada Hotel, Condominium and Commercial Establishment Owners Association (AHPD) and the Association of Hotels and Restaurants of Sosua and Cabarete (Ashoresoca) have joined forces and signed a strategic alliance. According to the document, the alliance will set in motion a plan to promote Puerto Plata as a tourist destination and will stimulate the creation of new businesses and complementary offers and will cooperate with the city´s Historic Center Office in its tasks of remodeling, beautifying and revitalizing this cultural and commercial area.

April edition of Costambar News

New edition of Costambar News

Update on our apartment

Cap Cana – DR

Cap Cana, S.A. announced today that its talks with the lenders of a US$100 million Bridge Loan arranged by Morgan Stanley and Deutsche Bank broke down on Friday, November 14, 2008.

Efforts by Cap Cana’s principal shareholders to renegotiate and a request to extend the terms of the Bridge Loan, which matures on November 19, 2008, were not sufficient to satisfy the creditors (which included hedge funds) to which these two firms had syndicated the Loan. Many hedge funds are struggling with redemptions, forced liquidations, and de-leveraging.

The company’s principal shareholders offered significant injections of capital to forestall a default under the Bridge Loan, proposing alternatives to the lenders that Cap Cana considered sensible given prevailing market conditions.

 

Recent strategic initiatives by the company’s Board of Directors have been implemented to prepare Cap Cana for a sustained downturn in the Caribbean real estate market as the effects of the global economic crisis begin to take hold in the Dominican Republic and other smaller economies. These initiatives include headcount reduction, outsourcing of certain services, and cessation of non-essential activities.

Dr. Ricardo Hazoury, President of Cap Cana, issued the following statement, “Our commitment to this project and to the Dominican Republic is paramount and without compromise. We intend to pursue a business plan that seeks to maximize the long-term success and viability of the Cap Cana development for the benefit of all our stakeholders.

It is a significant project for the country that supports thousands of jobs and provides significant revenue sources to the Dominican Republic. Our project has been affected by the economic tsunami that has paralyzed the global financial markets. We are disappointed that we could not come to an agreement with the creditors and our priority is to remain committed to the long-term viability and success of the project.”

Cap Cana is a 30,000-acre luxury, second-home real estate project under development and is located in Altagracia province, on the easternmost tip of the Dominican Republic.

Published in:  on November 19, 2008 at 11:05 pm Leave a Comment

November issue of Costambar News

Cranberry Festival of Wisconsin

http://www.hotelfandb.com/blog/

Read here about the worlds largest cranberry festival, written by my friend Peter Gebauer. We worked together on the Royal Viking Sea from 1980 until 1982, which was then one of the best cruise ships afloat. I have to make everything possible to meet him again after all these years, he is now working as Executive Chef in Milwaukee-Wisconsin, at the Potawatomi Bingo Casino.

http://www.hotelfandb.com/blog/

Published in:  on November 4, 2008 at 5:03 am Leave a Comment

Financial crisis in the USA – new dollar bill

Published in:  on October 2, 2008 at 3:10 am Leave a Comment

More of Amparos hand made jewellery

Dominican Republic Jazz Festival

Celebrarán la novena edición del Dominican Republic Jazz Festival PDF Imprimir E-Mail
Image Por novena ocasión será celebrado el Dominican Republic Jazz Festival, del 6 al 9 de noviembre en Santiago y Cabarete.
Este evento iniciará en el Gran Teatro del Cibao, Santiago, el 6 de novimebre a partir de las 8:30 de la noche. Los artistas que participarán en el concierto serán Jochy Sánchez y su Banda de República Dominicana, con un homenaje a los 50 años del Bossa Nova, Salsa-Jazz Masters, de Puerto Rico y Cuba quienes harán un homenaje de Salseros al Latin Jazz e Ismael Miranda, Puppy Santiago & Luis “Perico” Ortiz.

El viernes 7, la celebración inicia 8:30 de la noche, totalmente gratis, en la playa de Cabarete donde realizarán sus interpretaciones en representación del país Ambar Jazz Group, con participantes de Estados Unidos y República Dominicana Dave Valentín & PR All Start Latin Jazz y Eric Figueroa, Endel Dueño, Javier Oquendo y Eddy “Guagua” Rivera.

A partir de las 8:30 de la noche, el sábado  8, se estarán presentando, Sandy Gabriel & Electric Jazz del país, Giovanni Hidalgo & Descarga Boricua Quintet de Puerto Rico, Eric Figueroa, Tito de Gracia, Piro Rodríguez y  Eddy “Guagua” Rivera  y la Descarga de Congueros: Giovanni Hidalgo, Tito de Gracia, Javier Oquendo y Chichí Peralta regalarán al público sus mejores notas sin costo alguno.

Para finalizar, el domingo 9, en Playa Cabarete, desde las 9:00 de la noche el público podrá disfrutar gratis del cubano Fidel Morales Trío y el dominicano, el Prodigio en Jazz quienes serán los encargados de cerrar el evento ofertándole a los amantes del Jazz lo mejor de su repertorio.