Who founded Grupo Puntacana?

Grupo Puntacana was founded in 1969 by Dominican-American visionary Frank Rainieri alongside New York attorney Theodore Kheel. Rainieri recognized the potential of the remote eastern coastline and transformed it into the Caribbean's top tourism destination.

What is Puntacana Resort & Club?

Puntacana Resort & Club is a 15,000-acre luxury resort community featuring multiple hotels, residential neighborhoods, the Oscar de la Renta-designed Tortuga Bay, two championship golf courses (including the Tom Fazio-designed Corales), a marina, schools, and an ecological reserve.

Does Grupo Puntacana build the Punta Cana airport?

Yes. Grupo Puntacana built and operates Punta Cana International Airport (PUJ), the busiest airport in the Caribbean. The privately-owned airport handles over 8 million passengers annually and was a key catalyst for the region's tourism growth.

Are Grupo Puntacana properties eligible for CONFOTUR tax benefits?

Yes. Many Grupo Puntacana residential projects qualify for CONFOTUR tax incentives, which provide up to 15 years of exemption from property taxes, transfer taxes, and other fiscal benefits for qualifying tourism-related real estate investments.

What makes Grupo Puntacana different from other developers?

Grupo Puntacana is unique because it developed the entire destination — not just buildings, but the airport, roads, utilities, ecological reserves, schools, and community infrastructure. This integrated approach means homeowners benefit from a self-sustaining ecosystem with long-term stability.

Can foreigners buy property in Grupo Puntacana developments?

Absolutely. Foreigners have the same property rights as Dominican citizens. Grupo Puntacana has decades of experience working with international buyers and offers bilingual legal support, property management services, and rental programs for overseas owners.

Developer Profile

Grupo Puntacana

Est. 1969 · Punta Cana, La Altagracia

Caribium Editorial TeamPublished: March 1, 2026Updated: March 4, 2026

Reviewed by Caribium Editorial Team

Who is Grupo Puntacana?

Track Record

Projects Completed

30+

Total Units

2,500+

Years in Business

About Grupo Puntacana

Grupo Puntacana is the pioneer behind Punta Cana as a world-class destination. Founded by Frank Rainieri and Theodore Kheel in 1969, the company transformed an uninhabited stretch of coastline into one of the Caribbean's most visited resort areas. The group developed the Puntacana Resort & Club, built the region's first international airport (PUJ), and continues to expand with luxury residential communities, ecological reserves, and commercial developments. Their vision set the foundation for the entire eastern Dominican Republic real estate market.

Active Projects

Puntacana Village

Punta Cana

Hacienda del Mar

Punta Cana

Tortuga Bay Villas

Punta Cana

Corales Golf Residences

Punta Cana

Frequently Asked Questions

This content is for informational purposes only and does not constitute financial, tax, or legal advice. Past performance and projected returns are not guarantees of future results. Always consult with qualified professionals before making investment decisions.