President Abinader inaugurates the first hotel investment Grupo Posadas in the Dominican Republic

Punta Cana, May 27, 2021 . The president of the Dominican Republic, Luis Abina der, headed this day the opening ceremony of the Live Aqua Beach Resort Punta Cana hotel, for adults only, the first property in the country of the leading hotel operator in Mexico, Grupo Posadas.

During the ribbon cutting, carried out with the required health and safety protocols, the president was accompanied by the Minister of Tourism, David Collado; and the main executives of Grupo Posadas and the all-inclusive Resort located on the shores of Uvero Alto, just 30 minutes from Punta Cana International Airport and 20 minutes from downtown Bávaro.

José Carlos Azcárraga, General Director of Grupo Posadas, thanked the support they have received from the Dominican Government for the development of this important project that is part of their international expansion plan to other destinations outside of Mexico.

Meanwhile, President Luis Abinader valued that the Live Aqua Beach Resort Punta Cana will not only promote local tourism, but will also contribute positively to the economy and development of the region, through the generation of jobs, currently counting 700 direct and more of 2,000 indirect, as well as the productive chain throughout the country.

The facilities of the Live Aqua Beach Resort Punta Cana include 347 suites available in eight categories and distributed in eight buildings with three levels. They enjoy views of the ocean, the gardens or the pools and have all the characteristic elements of the brand, including sensory experiences, exceptional service, world-class gastronomy, as well as the best conditions and spaces for pleasure trips. or conventions.

About Grupo Posadas

Grupo Posadas is the largest and most important hotel operator in Mexico, with more than 180 hotels and more than 27,500 rooms in beach and city destinations located in Mexico and the Dominican Republic. Thanks to the positioning of its brands Live Aqua, Grand Fiesta Americana, Curamoria Collection, Fiesta Americana, The Explorean, Fiesta Inn, Gamma and one. Grupo Posadas is a Mexican company with great international recognition. Grupo Posadas also owns Fiesta Rewards, the largest hospitality loyalty program in Mexico, as well as its long-term vacation clubs: Live Aqua Residence Club, Fiesta Americana Vacation Club, FAVC Access; an exclusive discount plan for national and international hotels and Kívac, a prepaid travel plan. Posadas has been listed on the Mexican Stock Exchange (BMV) since 1992. For more information, visitwww.posadas.com