Carlton Advisory Services' Chairman Howard L. Michaels announced that Carlton has been exclusively engaged to arrange approximately $70 million of financing for its client's acquisition of the Hilton Hotel & Casino in Santo Domingo. Dominican Republic.

The Property is a luxury hotel and casino complex which is scheduled for completion in six months. The Property occupies a prime beachfront location and is comprised of a 30,000 s/f casino and 254 luxury hotel morns in a 22 story tower.

The hotel and casino will benefit from being part of a $500 million mixed use development project which includes three condominium towers and a three level retail complex with upscale shops and a cinema.

Carlton professionals Romano Tio and Marc Sznajderman will be assisting Mr. Michaels with the placement of the financing for this transaction.

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