DEVELOPER’S NEW BUSINESS MODEL OFFERS REFRESHING BALANCE OF FINANCIAL PRUDENCE AND SOCIAL RESPONSIBILITY
Lawrence Citarelli, Jr., an international builder and developer recognized by the Congress of The Dominican Republic for his global business dealings, is developing a 60 unit, 154 key, 5 Star oceanfront condominium hotel in the city of Cabrera on the spectacular North Coast of the Dominican Republic. One part of a series of four other projects, Cristal Beach Resort is known as a CondoTel, a model offering investors the opportunity to own their own titled piece of paradise (insured by world renowned Fidelity Title) and share in the profits of the resort operations. This area is being touted by the Dominican Republic Ministry of Tourism and President Leonel Fernandez himself as the Monte Carlo of the Caribbean. Mr. Citarelli develops projects that are carefully intertwined with the surrounding natural elements, are debt free, offer security of principal, generate income, provide capital appreciation while adhering to eco-friendly and humanitarian tenets. “I make a conscious and deliberate effort on a daily basis to be humble in my successes and appreciative of my opportunities,” Mr. Citarelli explains.
Cristal Beach offers a unique lifestyle with a master plan. This Caribbean oasis and private, gated community boasts spectacular oceanfront residences that blend the unspoiled tropical surroundings, orchid adorned cliffs and pristine beaches with world class golf, spa, fitness, yoga, deep sea fishing, diving, snorkeling, dining and unrivaled hospitality. The design and development team at Cristal Beach Resort have seamlessly blended the architectural influences of the South of France and the Amalfi Coast of Italy with the exotic beauty of the Dominican Republic. Within this eclectic compound one will experience a remarkable tropical paradise featuring: voluminous, free flowing, fully furnished suites and penthouses, amazing views, two spectacular infinity pools, a multi-venue restaurant and bar, live entertainment, full maid services, business center, gourmet store and boutique, internet, cable and satellite, and full concierge services.
Unique in its design and concept, Cristal Beach Resort presents an opportunity that is absent in most full service resorts: exceptional value, income generation and unquestionable appreciation. The pricing and CondoTel structure of the project offer each owner a share in the monthly revenue of the entire development and unlimited use of their titled residence. Cristal Beach Resort is adjacent to villa estates valued up to $30 million. The luxurious North Coast, specifically the Cabrera area, has become one of the country’s premier locations. Cabrera is considered one of the most beautiful and unspoiled places in the Caribbean. There are 2 airports that will conveniently service Cristal Beach Resort. Gregorio Luperón International Airport (known as Puerto Plata Airport) is approximately 80 minutes from Cristal Beach and is served by many of the world’s largest airlines. The newest international airport in the Dominican is called El Catey and is approximately 30 minutes from Cristal Beach. Currently the El Catey airport services flights from Germany, Spain, Italy, Puerto Rico, and will begin continental U.S. flights with major airlines by the end of 2009. Also, the airports in Santiago, and Santo Domingo are a little further away from Cristal Beach Resort but offer a wide range of international flights. This pristine oasis is home to some of the world’s most beautiful beaches, rivers,exotic vegetation and many unique natural attractions. The area boasts spectacular private estates, tall coconut palms, crystal clear waters and countless coral formations and cliffs. The natural cliffside entrance of Cristal Beach Resort leads to the exclusive powdery sand of Orchid Beach (Playa Caleton). This extremely private hideaway meanders along the breathtaking Atlantic coast. Snorkel the reef, surf the waves or simply relax and rejuvenate as Cristal Beach Resort’s personal beachside service caters to your every need. For the ultimate in relaxation, a soothing oceanside spa treatment can take you to new heights of peace and tranquility. Owner/guests will experience an unrivaled level of service, hospitality and comfort at Cristal Beach Resort while generating income and capital appreciation.
Contact: 631-325-3925 or 631-288-2122 | www.cristalbeachresort.com | Or, via email at LCitarelli@lawrenceiiicorp.com
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