PUERTO PLATA, DOMINICAN REPUBLIC – President Luis Abinader officially inaugurated the Holiday Inn Puerto Plata – Cofresí Bay Area this Sunday, marking a significant milestone in the province’s tourism revitalization. The $26 million luxury hotel development, operated by CHC Hotels under the IHG brand, represents a substantial vote of confidence from private investors in the region’s economic potential.
The newly constructed property features 115 internationally-standard rooms equipped with modern amenities, significantly enhancing the north coast’s hospitality infrastructure. Beyond its physical presence, the project has generated over 100 direct and indirect employment opportunities, providing substantial economic benefits to the local community.
During the inauguration ceremony, President Abinader emphasized that tourism investment in the Dominican Republic continues to present secure and profitable opportunities for developers. He highlighted the return of major international hotel brands to Puerto Plata as a decisive factor in reversing the destination’s previous decline, citing the successful Punta Bergantín development model as evidence of tourism-led regeneration.
The administration outlined comprehensive infrastructure improvements supporting the tourism sector, including the Amber Highway project that will reduce travel time between Santiago and Puerto Plata to just 30 minutes. Additional developments include the Navarrete bypass, Sosúa beach restoration, and planned investments in social and sports facilities. The president further announced the construction of a trauma-specialized hospital in Sosúa and plans for a new amusement park to diversify the region’s tourist attractions.
Tourism Minister David Collado praised the presidential leadership driving Puerto Plata’s recovery, noting significant public and private investment flowing into the region. Private sector representatives emphasized the hotel’s strategic Cofresí location, its role in elevating accommodation standards, and its contribution to positioning Puerto Plata as a modern, competitive Caribbean destination. The development forms part of a national strategy to diversify tourism offerings while strengthening economic growth and sustainable development throughout the province.