BusinessWeek Logo

Trump Jumps to the Caribbean

Posted by: Peter Coy on February 16

CapCana.jpg
Donald Trump is lending his golden name to a resort and residential development at the eastern tip of the Dominican Republic. He invited some reporters to his Trump Tower offices today to brag that Cap Cana—which was already partially built before he jumped in—will be the most upscale development in the Caribbean. He said he knows a lot about the Dominican Republic and proved it by naming two Dominican friends: ballplayers Sammy Sosa and Albert Pujols. Trump declined to say how much of the project he’s going to own, but it’s a good bet that he hasn’t put much money up. The Dominican developers behind Cap Cana probably value his name more than his cash. Judging from the lush p.r. kit, Cap Cana really does look like a beautiful part of the world. Completely unspoiled. I guess I should say: Completely unspoiled until now.

TrackBack URL for this entry: http://blogs.businessweek.com/mt/mt-tb.cgi/

Reader Comments

Tracy - Miami

April 15, 2007 07:33 PM

Trump Jumped to Hollywood/FL, after Miami ..He keeps building those pre-constructions..

Tracy

dario salcedo

May 20, 2007 01:11 PM

how can i invest in cap cana

Post a comment

 

About

BusinessWeek editors Chris Palmeri, Prashant Gopal, Peter Coy, and Dean Foust chronicle the highs and lows of the housing and mortgage markets on their Hot Property blog. In print and online, the Hot Property team first wrote about the potential downside of lenders pushing riskier, "option ARM" mortgages and the rise in mortgage fraud back in 2005—well ahead of many other media outlets. In 2008, Hot Property bloggers finished #1 in a ranking of the world's top 100 "most powerful property people" by the British real estate website Global edge. Hot Property was named among the 25 most influential real estate blogs of 2007 by Inman News.

RSS Feed: Hot Property

BW Mall - Sponsored Links