PUNTA CANA, DOMINICAN REPUBLIC-Fairmont Hotels & Resorts has announced that it will build a 255-room hotel and multifamily homes at the 2,700-acre Roco Ki residential and resort community now under construction here. Fairmont Roco Ki will include the hotel (with restaurants, bars, beaches and other hospitality staples), a collection of condos, villas and estate homes, and a private residence club.

“Fairmont continues to be committed to global growth, and we are excited to expand our presence in the Caribbean with not only this hotel, but also residential offerings,” said Chris Cahill, the company’s president and COO. Fairmont Raffles Hotels International has more than 85 properties worldwide.

The development team for Roco Ki includes Macao Beach Resort Inc., Geostar Inc., Richard Knorr International Ltd. and Michael Saunders International. The project was financed in 2006 for $85 million.

Roco Ki will include beachfront residences, a 300-unit Westin resort and an aquatic sports center, with residences running from $475,000 to $2.7 million. The property will also include a Nick Faldo-designed golf course, and future phases will include a marina, additional hotels, shopping areas, a botanical garden and a museum for local artifacts. Phase One of the project will debut this fall, according to a statement. The phrase Roco Ki means “honoring the land” in the native language of the Taino Indians.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.