What Codelpa does

Codelpa (legal name Constructora del País S.R.L.) is a privately held Dominican Republic construction company founded in 1988 and headquartered in Santo Domingo. It delivers integrated construction services for the tourism, commercial, residential and industrial sectors across six Caribbean countries — the Dominican Republic, Jamaica, Saint Lucia, Saint Vincent and the Grenadines, Antigua & Barbuda, and Haiti — through regional offices in each market. The company has completed more than 50 projects totaling over 25,000 hotel rooms and 2 million square meters, with anchor clients including Hyatt, Sandals, Royalton, Barceló, Lopesan, Marriott/Renaissance, AMResorts, Princess Hotels, Grupo H10, Bahia Príncipe and Grupo Martinón, as well as government entities (Carnival Cruise Port, Inter-American Development Bank, Dominican low-cost housing programs).

The operating model is vertically integrated across five units: codelpa. construcción (full-cycle construction and supervision using certified Lean Construction methodology, ISO 9001:2015), codelpa. prefabricados (design, manufacture, transport and installation of prestressed precast concrete products — hollowcore slabs, columns, beams, New Jersey walls, double-T beams and custom components), PANAM (wholly-owned cement and poured-concrete factory), codelpa. estates (design, development and sale of residential projects including Paseo One Four, Marelo Residences, Vermare Boutique Residences, Palmeras del Este and the Mi Vivienda San Luis 2,384-unit government housing program), and codelpa. hotels (hotel development including opportunity identification, capital raising, hotel chain negotiation, design, construction and licensing — exemplified by the 2026 Hyatt Ziva Punta Cana agreement for a 650-room resort opening in 2029). Notable delivered projects include the US$187.55M Sandals Saint Vincent and the Grenadines (301 rooms, 2024), Secrets Tides Punta Cana (670 rooms, 18-month execution), the Royalton Antigua (294 rooms, US$54.375M), the US$19M Amber Cove Cruise Terminal, and the 1,025-room Lopesan Costa Bávaro.

The company employs 501–1,000 staff and monetizes through project-based professional services contracts (tourism and commercial construction), real estate unit sales through Codelpa Estates, and hardware sales of precast concrete products to third parties via Codelpa Prefabricados. Pricing is project-specific with no public schedule; go-to-market is direct enterprise sales targeting hotel chain executives, resort developers and government officials across the Caribbean, with no consumer-facing marketing channel. Revenue is concentrated in the hospitality vertical and structurally tied to Caribbean tourism capex cycles.

Name

Codelpa

Legal name

Constructora del País S.R.L. (CODELPA)

Website

https://codelpa.com

Company type

Private

Founded year

1988

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Codelpa is a Dominican Republic-founded, vertically integrated construction company delivering tourism, commercial and residential builds across six Caribbean countries for hotel chains, resort developers and government clients, supported by in-house cement and precast concrete manufacturing.

Ownership category

akta.pro rank

Product category

Tourism and Commercial Construction Services

NAICS

Commercial and Institutional Building Construction (236220), Ready-Mix Concrete Manufacturing (32732), Construction (23), Site Preparation Contractors (23891)

SIC

General Bldg Contractors - Nonresidential Bldgs (1540), General Bldg Contractors - Residential Bldgs (1520), Heavy Construction Other Than Bldg Const - Contractors (1600)

akta.pro primary industry

Commercial General Contracting (New Build) (IMAFAAAA)

akta.pro secondary industries

Concrete Pavers, Hardscape & Retaining Wall Systems (IMADAAAE), Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL), Government & Civic Building Construction (Courthouses, City Halls, Public Safety) (IMAFACAF)

Keywords

• Tourism construction services
• Hotel construction management
• Prefabricated concrete products
• Residential real estate development
• Caribbean commercial construction

Headquarters

HQ city

Santo Domingo

HQ country

Dominican Republic

HQ region

Latin America

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Tourism Construction Services: Construction services for the tourism industry including hotels and resorts. Codelpa supervises, plans, and executes each phase of projects from earth movement to finishing phases.
2. Real Estate Development and Sales: Design, development, and commercialization of residential projects including apartment complexes and vacation homes through Codelpa Estates division.
3. Prefabricated Concrete Products: Design, fabrication, transport, and installation of concrete prefabricated products including columns, hollowcore slabs, beams, and custom components for third-party clients.
4. Hotel Development Services: Integrated solutions for tourism industry including opportunity identification, capital raising, hotel chain negotiation, design, construction, and licensing of hotels.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Codelpa (Constructora del País S.R.L.) provides integrated construction services for the tourism, commercial, and residential sectors across the Caribbean. The company supervises and executes every phase of construction projects — from earth movement through finishing — under a certified Lean Construction methodology, and operates vertically integrated units for prefabricated concrete products (Codelpa Prefabricados), cement and poured concrete manufacturing (PANAM), real estate development and sales (Codelpa Estates), and hotel development (Codelpa Hotels).

Product overview

Codelpa operates as an integrated construction and real estate services company with four distinct business units: codelpa. construcción (construction and supervision using Lean Construction methodology), codelpa. estates (residential property development and sales), codelpa. hotels (hotel development services), and codelpa. prefabricados (precast concrete products). The company specializes in large-scale tourism, commercial, and residential construction projects across the Caribbean, with over 36 years of experience and operations in 6 countries. Its residential portfolio includes urban towers (Paseo One Four, Marelo Residences), boutique developments (Vermare), mass housing (Palmeras del Este, Mi Vivienda San Luis), and hotel projects for major chains including Hyatt, Sandals, Royalton, and Lopesan.

Differentiator

Problem solved

Functional benefit

Brands

• Codelpa Construccion: Construction and supervision services using certified methodology and Lean Construction philosophy
• Codelpa Estates
• Codelpa Hotels
• Codelpa Prefabricados
• PANAM

Quantifiable outcome

• 50+ projects completed across 6 Caribbean countries
• +3 more outcomes

Named customers26 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• Hyatt HotelscoreStrategic or Co-development Partner · 12 March 2026Hyatt Hotels has signed a management agreement with Codelpa for a new Hyatt Ziva Punta Cana resort in the Dominican Republic, scheduled to open in 2029 with 650 guest rooms. This partnership supports Hyatt's Inclusive Collection strategy and adds to its existing portfolio in the Dominican Republic.
• PANAM (Cemento Vertido)coreStrategic or Co-development PartnerVertically integrated subsidiary providing cement and poured concrete products. Own manufacturing capability ensures supply chain control and quality consistency for construction projects.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• CEMEX: Global vertically-integrated cement, ready-mix concrete, and aggregates producer with material Caribbean and Dominican Republic presence. A relevant incumbent comparable specifically for Codelpa's PANAM cement and poured-concrete subsidiary (cross-listing candidate NAICS VJUQJON5) and the broader precast supply-chain strategy that Codelpa Prefabricados pursues.
• Skanska: Sweden-based global construction and development group active across commercial building, hospitality, and civil infrastructure. Skanska is a peer on the construction-services side (large commercial/hospitality projects) and conceptually on the development arm (Skanska's commercial-development business parallels Codelpa Estates' model).
• STRABAG SE: European-based international construction group with a track record across building construction, civil engineering, and tourism/commercial projects. A broad incumbent comparable on cross-border execution capability and revenue scale, though with substantially broader geographic and end-market diversification than Codelpa.
• Bechtel: Privately held US-headquartered mega-project contractor executing complex hospitality-adjacent infrastructure (airports, ports, resorts) globally. Like Codelpa, Bechtel is private, family-influenced in ownership culture, and pursues large integrated projects — though at orders-of-magnitude greater scale and engineering complexity.
• Bouygues Construction: French-headquartered global contractor active across hospitality, commercial, and infrastructure in the Caribbean and Latin America. Although Bouygues operates at a vastly larger scale and broader portfolio, it is a credible analog for a vertically-integrated construction group pursuing premium-brand hotel and tourism infrastructure projects in the same geographies as Codelpa.
• Webuild (formerly Astaldi): Italian-headquartered international contractor historically active in Caribbean infrastructure (transport, hospitality, civil). Comparable to Codelpa on executing complex regional projects across multiple Caribbean and Latin American jurisdictions, though at much larger contract sizes and more diversified into transport infrastructure.
• ACS Group / Actividad de Construcción y Servicios: Spanish-headquartered global infrastructure and building construction conglomerate with significant Latin American and Caribbean exposure via subsidiaries such as Turner (US) and HOCHTIEF. A reasonable broad-incumbent comparable for Codelpa's mix of branded commercial construction and tourism-related infrastructure work across Spanish-speaking Caribbean markets.
• VINCI Construction: World-leading construction group with deep Caribbean and Latin America presence across hospitality, civil infrastructure, and concessions. Comparable to Codelpa in its premium-brand hospitality pursuit strategy and project-management rigor, though operating at incomparably larger scale and geographic breadth.

Direct peers

• Turner Construction Company: One of the largest US-based general contractors with a defining specialty in hospitality, casino, and resort construction. Turner delivers the same product category (branded hotels and large entertainment complexes) that Codelpa targets in the Caribbean, executing them at materially larger scale but with comparable construction-management and design-coordination capabilities.
• PCL Construction: North America's largest hospitality contractor with a portfolio of branded hotels, resorts, and convention facilities. PCL competes for the same international hotel brand contracts (Marriott, Hilton, Hyatt) that Codelpa wins at Caribbean scale, making it a credible comparable for branded-hotel project execution.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights6 records

Customer concentration

• Xx.com/codelpa
• Facebookfacebook.com/codelpasrl
• LinkedInlinkedin.com/company/codelpa

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Codelpa