Low rent

[NewsWhore]

The Dominican government, through the Corporation of State-owned Hotels (Corphotels) is renting out several interesting hotel properties at some very good prices. A document from Corphotels shows that the Hotel Marien in Santiago Rodriguez is paying RD$4,000 per month in rent. The Flor Ambar Gift Shop pays RD$5,000 per month and the Hotel Guarocuya in Barahona pays RD$12,000 per month. Other properties, such as the Hotel Jimani pay a bit more, RD$19,000, and the Maguana in San Juan de la Maguana pays RD$20,000 and the Matum in Santiago pays RD$50,000. Two of the most famous hotels in the Dominican Republic, the Hotel Jaragua and the Cayacoa/Cayo Levantado complex in Samana are paying RD$1.2 million and RD$240,624 each. However, the Casino at the Hotel Jaragua also pays an additional RD$495,000 per month. Other properties in Mao, Jarabacoa, Constanza, San Jose de las Matas as well as Santo Domingo are also under Corphotels' administration. According to El Caribe, the report does not include all the details of rental payments.

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