Wednesday, August 22, 2012
Dear Reader,
He started as a policeman in Spain. But in a couple of days he made more money than six months’ salary as a police officer, and started a whole new career.
He chartered a plane to bring fans to an important soccer match on the island of Majorca. He made an announcement about the flight in a bar close to his home – and filled the plane in two days. The success prompted him to switch from police work to the travel business. The rest, as they say, is history.
Today, his company has more than 7,000 employees. They own resorts in Spain, Jamaica, Mexico, and 10 in the Dominican Republic alone. They sell vacation packages through their tour companies in Europe, the US and Canada. They fly guests on their own charter planes. They even make the golf carts they use to get round their resorts.
With that kind of track record, he’s clearly a man who gets things done. So when he announced plans to build a beach town in the Caribbean, we didn’t dismiss them. We sat up and took notice. And so should you.
The man in question is Pablo Piñero. His company is Grupo Piñero. They own the Gran Bahia Principe hotel chain. We’ve written before about the Gran Bahia resort on Mexico’s Riviera Maya coast. Here, we’ve watched the resort grow over the last 6 years, adding a high-end residential community, a 27-hole golf course and clubhouse, a luxury hotel and top quality infrastructure.
Grupo Piñero spent tens of millions of dollars on the infrastructure in Mexico. They didn’t need to wait for sales to fund it. And we can see the same thing unfolding now in their resort in La Romana in the Dominican Republic.
The plans for the La Romana resort are ambitious. The land covers 1500 acres and 1.25 miles of beachfront. Grupo Piñero is set to transform the existing resort into a master planned town, adding a luxury hotel, a golf course, a 200-slip marina, commercial center, hospital, school, beach clubs, condos and villas.
And just like he did in the Riviera Maya, Señor Piñero isn’t waiting for sales. He’s plowing ahead with the infrastructure.
Paved roads with generous sidewalks are already in place. Exotic flowering shrubs spill around museum-quality sculptures. Model homes give you a feel for Grupo Piñero’s style – with imposing hardwood doors, vaulted ceilings and a modern, airy feel. The first nine holes of the golf course are heading for completion. A five-star hotel and the hospital are due to open at the end of this year.
This is an early-in deal. Despite the quality of the infrastructure and the promised amenities, you can buy into this jet set lifestyle without a jet setter’s bank balance.
And one opportunity really stands out. It offers the biggest bang for your buck. And there’s a way for you to get a discount – and some very favorable payment terms.
Stay tuned. On Friday, we’ll give you the real skinny on this deal.
Margaret Summerfield
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