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Puntacana Resort & Club is a resort and residential community located in Punta Cana, La Altagracia Province, Dominican Republic. The resort was established in 1969 by businessman and hotelier Frank Rainieri and Theodore Kheel , a New York labor lawyer.
The Majestic Hotel Group is a Catalan hotel group, with head office in Barcelona. It has been presided by the Soldevila-Casals family since its foundation, in 1918. Currently the group consists of five hotels and two apartment buildings: four of the hotels and the apartments are based in Barcelona and the other hotel is located in Palma of Majorca.
The area that is known today as Punta Cana was mostly an undeveloped coastal area of La Altagracia province. At the time the closest major city, Higüey, was a 5-hour drive. Their first project was a 40 guest hotel called the Punta Cana Club. In 1970, Rainieri changed the original name of the place, Yauya or Punta Borrachos, for Punta Cana.
The company currently maintains a total of 27 [4] hotels & resorts in: Palma de Mallorca and Tenerife ; Riviera Maya ; Samaná, La Romana, Punta Cana, and Río San Juan (Dominican Republic); and Runaway Bay. It also keeps travel and tour offices in Argentina, Miami, Florida, Portugal, and Russia. [5]
1. Malibu, California: $210 Million. Businessman James Jannard reportedly sold his cliffside Malibu property for $210 million in 2024, an estate spanning 9 1/2 acres and nearly 20,000 square feet.
It was first played in 2016 at the Puntacana Resort and Club, [2] on the east coast in the La Altagracia province. After two years as a Web.com Tour event, it transitioned to a PGA Tour alternate event (opposite the WGC Match Play in Texas), starting in March 2018. [1]
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