Archipelago International and CLERHP Estructuras S.A. Sign Management Agreement for Grand Aston Golf Hotel & Residences at Larimar City & Resort, Punta Cana

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Mr. Juan Andrés Romero, Larimar CEO & Mr. Gerard Byrne, Managing Director Archipelago International

PUNTA CANA, Dominican Republic— The prestigious 5-Star Grand Aston Larimar City Golf Hotel & Residences will feature 150 luxurious hotel rooms alongside 94 exclusive branded residences and villas. The hotel and residences will be situated adjacent to the resort’s golf course and the golf theme will be prominent throughout. The development promises an immersive experience with indoor golf simulator facilities and floodlit practice areas. Adding to the allure, Aston Towers Larimar City will showcase 432 branded residences across three majestic towers. The property will have multiple food and beverage outlets, a spa, gym, and a large outdoor pool area. Paradise Tower by Harper will introduce 144 branded residences in one tower, marking Archipelago’s third Harper branded project in the Americas. All three projects will be in Phase 1 of construction.

GRAND ASTON Golf Hotel & Residences at Larimar City & Resort, Punta Cana

“We are delighted to continue to build our partnership with the CLERHP team and to announce the Grand Aston Golf Hotel and Branded Residences project at Larimar City. This project is conceptualized and designed as a haven for golf enthusiasts and their families, within a spectacular development that is designed like a Mediterranean resort and which it will set the benchmark in sustainable urban development.” said José Luis Leonardo, Vice President of The Americas, Archipelago.

“Archipelago’s global experience, technological capabilities and innovation across different hospitality models has been a key factor to its appointment in such an exclusive and unprecedented project like Larimar City. Our strategic alliance with CLERHP Estructuras will ensure the delivery of unique hotel and branded residences projects in Larimar City and lead to enhanced returns for all stakeholders.” said Gerard Byrne, Managing Director, Archipelago.

The CEO of the publicly quoted CLERHP Estructuras, Juan Andrés Romero concludes that, “Archipelago’s entry into Larimar City is in perfect harmony with our initial goals of quality in management and service provision for the city’s residents. The international group’s commitment to the project is further proof that our company has the trust of tourism and hospitality leaders and deserves market confidence as one of the best investment options. We will continue to bet on innovation and excellence in every operation and project, with the aim of maintaining our leadership position in the sector.”