Frequently asked questions

NOMAD Residences + MOD by Sonesta is a tourism-oriented real estate development structured as a professionally operated condo-hotel.

Buyers acquire an individual real estate unit that participates in the Project's centralized hotel operation and collective rental program.

The Project is located in the La Romana/Bayahibe area of the Dominican Republic, within the province of La Altagracia.

The exact legal and cadastral information is contained in the applicable purchase and title documentation provided during the due-diligence and closing process.

Yes. The applicable purchase structure provides for the definitive transfer of the purchased unit and issuance of an individualized Certificate of Title in the buyer's name once the Project and unit are legally, technically and operationally ready for transfer.

HCI Hotel Collection International is a shareholder in the company that holds ownership of the land on which the Project is being developed.

The applicable title, legal-status certification and other official property documentation constitute the controlling evidence regarding the land.

Yes. The Project is structured as a condominium/condo-hotel under the applicable laws and regulations of the Dominican Republic.

The condominium structure establishes the applicable rights, obligations, common-area framework and ownership procedures for unit owners.

NOMAD Residences is the Project's own residential/hospitality identity and brand. It is not the hotel operator.

MOD by Sonesta is an international hospitality brand associated with Sonesta International Hotels Corporation.

MOD operates as a soft brand, allowing a property to maintain its own distinctive identity, design and character while benefiting from established hospitality standards, systems and distribution capabilities.

Sonesta International Hotels Corporation acts as the applicable hotel franchisor and provides the brand framework, systems and applicable brand standards.

The contractual structure provides for an initial franchise term and possible renewal, subject to the applicable franchise arrangements.

MOD by Sonesta provides access to Sonesta's international sales and distribution ecosystem.

It is not the hotel's operating company.

Brand standards establish requirements relating to architecture, interior design, construction, finishes, furniture, appearance and other elements necessary to maintain the applicable brand identity.

Operational standards govern the day-to-day functioning of the hotel, including guest services, reservations, housekeeping, maintenance and related hotel procedures.

The Project is progressing through the applicable development, regulatory, technical and construction stages in accordance with the requirements applicable to each phase.

HCI and the Project team are committed to following applicable laws, regulations, technical requirements and the appropriate regulatory process throughout development.

The preliminary development phase includes the approximately 220-square-meter showroom, together with applicable site and ground works preceding vertical construction.

The showroom is being developed so prospective buyers can physically experience the Project's proposed product, including materials, finishes, furniture, design elements and overall quality.

The Project will communicate the official opening and visitation procedures through its authorized channels.

FLARU Construction is the construction company associated with the Project. FLARU has more than 30 years of construction experience, including extensive experience in the La Romana area.

The current contractual estimate is Q4 2027, subject to the terms and conditions of the applicable purchase agreement.

The current construction planning anticipates approximately six months for the principal structural phase followed by approximately six months for finishes and completion activities.

The final sequence includes applicable inspections, brand review, operator activation and preparation for opening.

Construction schedules remain subject to approvals, availability, supply chains, regulatory requirements and other circumstances addressed in the applicable contracts.

The applicable purchase agreement provides a procedure allowing the buyer to request reimbursement of amounts actually paid if the contractual conditions concerning commencement of physical construction are NOT met.

The exact procedure, deadlines and requirements are governed by the executed agreement.

The applicable purchase agreement contains provisions addressing material increases in construction costs and essential budget components.

If the contractual threshold and conditions are met, the agreement provides the buyer with the applicable notice and acceptance/termination rights. Any applicable retention or reimbursement is governed by the current executed agreement.

Yes. Two or more individuals, spouses, partners, business partners or other approved purchasers may jointly purchase a single unit, subject to the applicable compliance and documentation requirements.

The person or persons, or legal entity, identified as the purchaser in the executed purchase agreement hold the contractual rights and obligations associated with the purchase.

If multiple purchasers are named, each purchaser has the applicable contractual standing with respect to the unit.

The actual purchaser or purchasers must sign the Promise of Sale Agreement.

If the purchaser is a corporation or other legal entity, the agreement must be signed by its duly authorized representative in accordance with the entity's legal authority and required documentation.

Not simply because the broker represented or introduced the buyer.

A broker, sales representative, friend, family member or other intermediary may not sign the buyer's contractual documents unless they are legally authorized to act on behalf of the actual purchaser and the required formal legal authorization is provided and accepted.

The corporation is the purchaser and assumes the contractual obligations. Its duly authorized representative must execute the required agreements and provide the applicable corporate and authority documentation.

All purchasers named in the agreement have their respective contractual rights.

If a dispute arises between co-purchasers—for example, business partners, spouses or other co-owners—HCI and the Project cannot simply prioritize one purchaser's instructions over another's.

Any change affecting ownership, contractual rights, payment instructions or authority will require the appropriate official legal documentation and legally required consent or authorization of the affected party or parties.

Yes. Co-purchasers should determine their ownership structure, responsibilities and decision-making arrangements before signing and should obtain independent legal advice where appropriate.

The general process is:

1. Select an available unit through HCI or an authorized representative.
2. Complete the required buyer identification and KYC/AML procedures.
3. Agree to the applicable payment schedule.
4. Execute the Promise of Sale Agreement.
5. Complete the contractual payment obligations.
6. Proceed to closing and execution of the final purchase and sales documentation when the Project and unit are ready.

Only written terms properly executed by the parties form part of the binding transaction.

Yes. International purchasers may acquire real estate in the Dominican Republic, subject to applicable legal and compliance requirements.

Financing of up to 50% is contemplated through DC Lending, subject to the lender's approval requirements, underwriting and applicable terms.

Depending on the stage of the transaction, the documentation may include the Promise of Sale Agreement, final purchase and sales agreement, applicable condominium documents, operational standards, brand standards and other documents incorporated into the transaction.

The documents applicable to each purchaser will be identified during the purchase and closing process.

Payments must only be made according to current written payment instructions issued and verified through HCI / Hotel Collection International or, where applicable, the authorized escrow structure.

Never send purchase funds to an unauthorized broker, salesperson, individual or third party.

The contractual structure identifies an escrow arrangement through Berkshire Title LLC at BankUnited.

Where escrow is used, funds are released according to the applicable escrow terms and Project requirements.

Not necessarily. The applicable agreement permits payments to the sellers' designated account or to the applicable escrow account.

Buyers should rely only on current, written and independently verified payment instructions.

Buyers must provide identification, source-of-funds information and other documentation reasonably required by HCI, the sellers, escrow provider, financial institutions or applicable authorities.

HCI Hotel Collection International LLC and HCI Hotel Collection International S.R.L. are the principal promoters/sellers identified in the Project structure.

HCI controls the authorized marketing of the Project.

Yes. The promoters may introduce different promotional strategies, incentives or commercial offers during the marketing and sales cycle at their discretion.

The specific commercial terms applicable to a buyer are those contained in the documents that buyer signs.

Yes, authorized brokers may participate using marketing materials and information approved by HCI.

Buyers should verify that a broker or representative is authorized before relying on their representations or making any payment.

No.

Information appearing on social media, third-party websites, advertisements, broker websites, AI-generated content or other unofficial channels should be independently verified with HCI.

The Project is structured as a centrally managed condo-hotel.

The approved operator is responsible for hotel operations, including reservations, guest services, common areas, maintenance and the collective rental program.

No.

Owners may not independently rent units through Airbnb, Booking.com, Expedia, Vrbo, outside agencies or other independent rental channels.

Hotel exploitation takes place through the Project's approved collective rental structure.

Reservations are managed through the Project's approved hotel operating system and operator.

Brand standards already exist. Property-specific operating procedures are finalized closer to opening as the hotel approaches completion and the operator can establish the final operating requirements.

Applicable operating documents should be provided to owners when available.

No. The Project is designed to operate as a professionally managed condo-hotel.

The operator manages the hotel operation and collective rental program.

Yes. Units are delivered furnished and equipped according to the Project's applicable category and hotel-brand requirements.

The intended delivery includes the furniture, equipment, fixtures, appliances, finishes, decorative elements and other items specified for the applicable unit category.

No. The furniture and hotel equipment form part of the Project's approved furnishing package and may not be individually sold or removed by the owner.

No. Owners cannot independently exchange the Project's approved furniture or equipment.

Any changes must be authorized through the Project's applicable procedures.

No. Artwork supplied as part of the Project's design package may not be independently modified.

Artwork may be provided on loan and does not necessarily constitute part of the owner's individually owned assets.

Not necessarily. Specific brands, models, finishes and specifications may change, provided comparable quality, functionality and category are maintained.

The Project's operating structure contemplates an annual reserve of approximately 2% for upkeep and replacement of soft goods and hard case goods, subject to the applicable contractual and operating documents.

The Project's contemplated amenities include:

• Hotel reception
• Swimming pools
• Fitness facilities
• Restaurants and bars
• Entertainment and social areas
• Padel courts
• Recreational facilities
• Commercial spaces
• Concierge services
• Parking
• Other tourism-related amenities

Final amenities and operating procedures remain subject to the Project's development and operating plans.

The Project documentation references annual access to Tracedero Beach Club, subject to availability and the applicable arrangements and procedures.

The Project documentation references five annual Casa de Campo day passes for two persons, subject to availability and applicable third-party terms.

Owners may use the unit for up to 60 days per calendar year, subject to the applicable operating rules.

Yes. The current contractual structure provides for no more than 20 consecutive days per stay and no more than 30 days within any continuous 90-day period.

Not necessarily.

Because the Project operates as a hotel, the operator may assign an equivalent or higher-category unit depending on availability and operating requirements.

November, December, April and other designated high-demand periods require reservations at least 90 calendar days in advance under the current operating structure.

Once the owner reservation system is active, owners will have access to the applicable reservation platform to review availability and request stays.

Yes, subject to the applicable owner-use rules. The current contractual structure permits use by the owner's identified spouse or partner, parents and children.

The owner remains responsible for compliance with applicable rules and for the conduct of authorized users.

Yes, subject to the applicable guest program and availability.

Friend and family reservations may be subject to different availability and procedures than owner reservations.

Under the current contractual structure:

• No APR accrues while less than 50% of the unit price has been paid and received.
• Once at least 50% has been paid and credited, the applicable APR is 4% annually on amounts actually paid.
• Once 100% has been paid and credited, the applicable APR becomes 5% annually from that date.
• The applicable pre-opening APR continues until the official hotel opening.

The Investor Relations (IR) desk is responsible for calculating applicable APR amounts, preparing/uploading owner statements and coordinating the corresponding payments.

APR payments are made quarterly, approximately every 90 days, within the applicable payment period established by the Project.

If a payment has not been received within the applicable payment period and reasonable processing time, the owner should contact Investor Relations immediately.

IR will investigate the payment status, verify banking or payment information and coordinate resolution of the issue on a case-by-case basis.

The current contractual structure provides:

• 10% annually during operating years 1–2
• 12% annually during operating years 3–5
• Projected 8%–15% annually during years 6–15, depending on the Project's operating, financial and commercial performance.

Post-opening returns are paid quarterly/every 90 days, subject to the applicable contractual and operating procedures.

Payments may be processed by Investor Relations or by another qualified third party designated by the Project.

The contractual structure identifies the guaranteed return as an economic obligation of the sellers within the Project's financial and commercial structure.

The Project's commercial structure is designed to prioritize the applicable contractual owner return obligation within the hotel's financial structure.

The precise legal and accounting treatment is governed by the executed agreements and applicable operating documents.

The applicable pre-opening APR continues until the effective opening date under the current contractual structure.

Pre-opening APR and post-opening returns are successive periods and are not cumulative for the same period.

The applicable agreements provide for extensions of contractual deadlines where qualifying force majeure events materially affect the Project.

Examples may include natural disasters, epidemics, conflicts, strikes, material shortages, supply-chain interruptions, financial restrictions, governmental actions, regulatory changes, permit or authorization delays and other circumstances outside the sellers' reasonable control.

The current contractual structure identifies the guaranteed return as an economic obligation of the sellers.

The specific treatment of any force majeure event, insurance proceeds and return obligations is governed by the executed agreements and applicable insurance policies.

The Project's hotel operating structure provides for the hotel to maintain and pay the applicable hotel insurance coverage.

The Project does not generally require the owner to obtain separate individual hotel insurance for the unit, subject to applicable law, financing requirements, condominium documents and the final operating structure.

Any insurance coverage applicable to business interruption, property damage or other risks is subject to the actual insurance policies, exclusions, limits and claims procedures.

The contractual return obligation and insurance coverage are separate matters and should not be treated as identical unless expressly stated in the applicable documents.

Yes. The owner may resell or transfer the unit subject to the applicable contractual procedures.

The proposed buyer must complete the required KYC/AML and compliance process and assume the applicable Project obligations.

Yes. The purchase agreement may be assigned, subject to the applicable assignment procedure and the new party's assumption of the original contractual terms and conditions.

Yes. The purchase agreement may be assigned multiple times, provided each assignment complies with the applicable contractual requirements and the new party assumes the relevant obligations.

Yes, subject to the applicable assignment process, compliance requirements and acceptance of the new purchasing entity.

Yes. The final assignment must be completed at least 30 days before closing, subject to the applicable contractual procedures.

Yes. The applicable contract provides the developer with a 30-calendar-day right of first refusal after receiving the required resale notice.

A 6% marketing commission applies when the transaction is directly managed, promoted or completed through the developer, operator, Project sales structure or authorized brokers.

A 1% administrative integration charge applies to each sale, assignment or transfer.

The applicable agreement controls the final treatment of any transaction.

No. The current contractual structure provides a right of first refusal, not a guaranteed developer buyback.

Any separate buyback commitment must be contained in a written agreement signed by the applicable parties.

The applicable contractual rights and obligations pass to the owner's lawful heirs or successors, subject to the condo-hotel structure, operating rules, collective rental program, applicable voting delegation and required compliance procedures.

Potentially, yes, subject to availability, Project options and the applicable commercial and design requirements.

A request to change the unit configuration must be made at least 180 days before closing.

The Project will explain the available alternatives and any resulting commercial, design, construction or contractual implications before the change is confirmed.

No change is effective unless formally approved and documented.

The current contractual structure states that the sellers intend to seek benefits under Dominican Republic Law 158-01.

Any exemptions, incentives or benefits remain subject to the applicable governmental approvals, resolutions, requirements and future regulatory changes.

Buyers should request the current documentary status before relying on any specific CONFOTUR benefit.

The contractual structure provides the developer with an irrevocable proxy concerning votes relating to hotel operation, administration, maintenance, commercial exploitation, brand standards and operator selection for the period specified in the applicable agreement.

The current contractual period is 15 years after opening or while the applicable brand or designated operator remains in effect, whichever is longer.

No. The voting delegation concerns specified hotel and Project governance matters. It does not eliminate the buyer's ownership rights in the individually titled unit.

The current contractual structure provides a 10-year warranty for the principal structure.

The current contractual structure provides a one-year warranty for equipment, furniture, accessories, appliances and finishes, or the longer manufacturer's or supplier's warranty where applicable.

The applicable exclusions and warranty procedures are governed by the contract.

The current contractual structure provides for a penalty equal to 20% of the unit value in the event of a buyer default, subject to the procedures and additional remedies established in the agreement.

The current contractual structure provides for a penalty equal to 10% of the unit value for a default attributable to the sellers or developer, subject to the applicable contractual procedures and remedies.

The primary sources should be:

• Official HCI communications and website
• Official NOMAD Residences communications and website
• Authorized Project marketing materials
• HCI Investor Relations
• Authorized brokers using HCI-approved materials

Information from third-party websites, social media, advertisements, AI-generated content or other unofficial sources should be independently verified.

Yes.

The Project is a developing real estate and hospitality project. As construction, regulatory, operational, financing, branding and commercial planning progresses, certain dates, procedures, percentages, commercial terms, operating arrangements and other provisions may be updated.

The executed purchase agreement, its annexes, incorporated documents and any later written amendments signed by the applicable parties control.

This FAQ does not amend, replace or override a signed agreement.

Ask the broker to provide the information in writing and verify it directly with HCI or Investor Relations before relying on it or making a payment.

Statements made by brokers, sales agents, promoters or other third parties do not modify the buyer's contractual obligations unless the modification is formally documented and signed by the applicable parties.

The approximate cost to establish a company in the Dominican Republic is US$1,000.

The exact cost may vary depending on the structure and professional services required.

We strongly advise buyers to consult with a local attorney before establishing a company and to determine the most appropriate structure for their investment.

Obtaining residency in the Dominican Republic is generally straightforward, and permanent residency may not be necessary depending on the buyer's circumstances.

The residency process can be initiated immediately. Under the applicable process, the first temporary-residency appointment should generally take place within approximately 90 days, followed by annual renewals.

The cost varies by attorney. Some attorneys charge approximately US$1,000, while others may charge approximately US$3,000.

We strongly advise consulting with us before selecting an attorney.

If a buyer wishes to obtain permanent residency, the buyer would generally follow the temporary residency process and renew the residency annually until the applicable fifth-year stage, after which regular/permanent residency may be available, subject to the applicable Dominican Republic immigration requirements.

For business investments, buyers should speak with a local attorney to determine the best residency option for their individual circumstances.

Banco Banreservas is an option for buyers seeking banking services in the Dominican Republic.

Banco Popular is the bank of preference for the Project and is widely regarded as one of the country's most respected and trusted banking institutions.

Buyers should consult directly with the bank and their legal or financial advisers regarding account-opening requirements and suitability.

La Romana currently has one of the strongest hotel occupancy markets in the Dominican Republic.

Over roughly the last eight years, occupancy has been above 80%, and La Romana has recorded the highest average daily rate (ADR) in the country, surpassing Punta Cana by more than 10 points in each category.