Margaritaville Island Reserve Coming to the Dominican Republic in October Villa exterior. Renderings: Karisma Hotels & Resorts The Island Reserve brand created in partnership with Karisma and Margaritaville will debut in the Dominican Republic this October. Margaritaville Island Reserve Cap Cana sits on Playa Juanillo, renowned for its miles of pristine white sand beaches and clear turquoise waters. After launching the Island Reserve concept in Riviera Maya, “Cap Cana is the ideal setting for the newest addition to the portfolio,” Karisma Hotels & Resorts said in a statement. The new build all-inclusive resort will feature 228 suites and 40 villas designed with elements inspired by the destination's surroundings. Thirteen room categories range from swim up and honeymoon suites to signature villas. The Jimmy Buffett Suite offers views of the Caribbean Sea from the top floor of the main guest building, complete with indoor and outdoor entertainment spaces.