Banco de Reservas manages to capture more than US$525 million at the Berlin tourism fair

The Reserve Bank reported that it received investments for the Dominican tourism sector that exceed US$525 millionas a result of more than 30 meetings with hotel investors at the ITB Berlin fair, held in the German capital from the 7th to the 9th of this month.

The general manager of Banco de Reservas, Samuel Pereyra, reported that the Preliminary agreements with businessmen representing various hotel groups will require financing for some US$260 million for various projects in the short, medium and long term.

Investments for identified projects will provide some 1,800 new roomsBesides the reform or reconversion of another 815 rooms due to change of hotel brandPereyra specified.

He said they were also managed business with major investors linked to the broad tourism value chain, such as tour operators and representatives of complementary services in the sector.

In the meetings with the Banreservas business delegation, the businessmen showed a special interest in the emerging poles of Miches and Punta Bergantínwhich have the support of the financial institution and the Ministry of Tourism.

HeReserve Bankparticipated in ITB Berlin, one of the most important tourism fairs in the world, with the aim of attracting tourists and hotel companies and thus increasing foreign investment with the capacity to install tourism companies or infrastructures in the Dominican Republic.

To captivate visitors with Dominican culture and natural beauties, the Bank presented at ITB Berlin the exhibition “Dominican Wealth”by photographer Eladio Fernández.

The 12 pieces of the pictorial sample were later donated to the Dominican Embassy in the Federal Republic of Germany, in an act that was attended by Ambassador Francisco Caraballo and his wife Laura Yaryura de Caraballo, as well as bank executives and diplomatic personnel.

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