The Santa Barbara Samaná site covers 300 hectares (3.0 million m2 or 741 acres) of virgin land on the Bay of Samaná on the northeast coast of the Dominican Republic. The site is approximately 125 kilometers (77 miles) northwest of Punta Cana and comprises an area in a natural and tropical environment. Although the entire site is being offered for sale at a price of $39 Million, the site is also being offered for sale using a corporation to hold title to the property. The corporation is currently set up for 8 corporate shares at $5 Million each and shareholders of the corporation could have various objectives. For example, some shareholders could be developers desirous of developing certain portions of the entire property (according to currently approved designs set up for various sections of the development). Another shareholder objective could be to use shares held in the corporation to purchase finished construction within the development. A third shareholder option could be to realize potential gains from the resale of land parcels to individual developers. All this would be further explained in review of the corporation bylaws and clarified by majority vote of the shareholders at authorized board meetings. Although each share would be priced at $5 Million, it is possible for each share to be purchased by partnerships or other legal entities.The Santa Barbara Samaná property has approximately 1.5 kilometers of beachfront land and the property rises 3.0 kilometers up gentle mountain slopes to the peak of the mountains. All sections of the property have clear views of the Samaná Bay. The bay of Samaná is great for fishing and is a sailor's paradise. There are 11 different anchorages for scenic tours or spending the night with friends or family. The bay area is also well known for "whale watching" in season and is a popular anchorage for cruise ships coming out of Florida and heading for the Caribbean.A planned development was designed by a team from Spain and includes a site plan with an 18 hole golf course, a resort hotel, condominiums, townhouses and private villas. The plan satisfies all environmental requirements and all building permits have been issued. Within the perimeter boundaries of the Santa Barbara Samaná site is an executive international airport named Arroyo Barril. The runway is aligned east-west and has a paved length of 4,582 feet (1.4 km) with prevailing winds out of the east. The airport has a modern air terminal and has both a customs office and fuel facilities. It caters to private and local charter flights and is within 30 to 45 minutes flight from all the main international airports in the Dominican Republic. The planned golf course at Santa Barbara Samaná will surround the Arroyo Barril Airport and act as a buffer between the airport runway and residential units.The Dominican Republic is catalogued as one of the world’s most important tourist destinations and the main destination in the Caribbean. The Dominican Government, through its Tourist Department, has initiated the promotion of quality tourism in the Samaná peninsula with low-density and maximum-design developments. These projects are designed to attract golfers and a nautical-sport public which are major tourist attractions. Any purchase of this assembly of land parcels would include all building permits and environmental approvals that have been issued.There are seven international airports in the Dominican Republic and has direct connections with the world’s main capital cities and the country offers the following: strategic geographic location; excellent climate throughout the year; large and spectacular natural resources; significant variety of beaches: Atlantic Ocean and Caribbean; great cultural richness; low labour costs; legal security and political stability.