Paulson & Co buys San Juan Beach Hotel for $20M
July 24, 2015
Hedge fund investor Paulson & Co. has bought the San Juan Beach Hotel in Condado for $20 million, and plans to renovate the beachfront property that shuttered earlier this year after filing for Chapter 11 bankruptcy protection.
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Starbucks, PepsiCo to distribute ready-to-drink lineup
July 24, 2015
Starbucks and PepsiCo, Inc. announced Thursday they have entered into an agreement for the marketing, sale and distribution of Starbucks ready-to-drink coffee and energy beverages in Latin America.
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DirecTV employees support Juncos children’s shelter
July 24, 2015
DirecTV Puerto Rico employees took a break from their jobs Thursday to provide dozens of children who are victims of abuse with materials and resources for the upcoming start of the new school year.
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Private firms buy El San Juan Resort & Casino
July 23, 2015
Asset management firm Fundamental Advisors LP announced Wednesday that along with partners León, Mayer & Co., and Aimbridge Hospitality, it has acquired the El San Juan Resort & Casino, a Hilton Hotel from an affiliate of Blackstone.
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Embassy Suites Dorado completes renovation
July 23, 2015
Embassy Suites Dorado del Mar Beach Resort announced the completion of the second phase of a multi-million dollar renovation, including a full overhaul of all suites and introduction of the new Grand Hall.
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DDR Corp. hosts back-to-school supplies collection drive
July 23, 2015
DDR Corp., owner and manager of 15 shopping centers in Puerto Rico, is inviting the general public to join its community effort, "This Back to School, Say Present,” which aims to collect and donate school supplies to several nonprofit organizations that need materials for school children under their care.
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2 more U.S. Senators support Puerto Rico Chapter 9 bill
July 22, 2015
Resident Commissioner Pedro Pierluisi announced Tuesday that Senator Patrick Leahy of Vermont, the Ranking Democrat on the Senate Judiciary Committee, will cosponsor S. 1774.
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SBA economic injury disaster loans available in P.R.
July 22, 2015
The U.S. Small Business Administration announced Tuesday that federal economic injury disaster loans are available to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations located in Puerto Rico as a result of the drought.
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Segarra named to board of global trade organization
July 22, 2015
Global trade organization Destination Marketing Association International (DMAI) has announced the appointment of Milton Segarra, CEO of Meet Puerto Rico to its board of directors.
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Report urges Cuba to join int’l financial institutions
July 21, 2015
Now that the United States and Cuba have restored diplomatic ties after a 54-year hiatus, a new report suggests that Havana’s next step should be pursuing membership in the World Bank, the IMF and other international financial institutions (IFIs) such as the Inter-American Development Bank.
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7 local co’s to provide services to Lufthansa Technik
July 21, 2015
Lufthansa Technik Puerto Rico announced Monday that seven local suppliers have been contracted initially to serve several critical needs of the company’s maintenance, repair and overhaul project in Aguadilla.
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Private sector appoints execs in insurance, hospitality
July 21, 2015
In recent weeks, the private sector has continued moving ahead with job creation, naming a handful of executives in the areas of insurance and hospitality. Following are the most recent appointees.
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USDA announces funding, changes to biofuels program
July 21, 2015
The U.S. Department of Agriculture is accepting applications for funding under a program that supports the production of advanced biofuels, renewable chemicals, and biobased product manufacturing, agency Secretary Tom Vilsack said.
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U.S. Embassy opens in Havana to praise for new policy
July 20, 2015
At precisely 10 this morning, the Cuban flag will flutter for the first time in more than half a century over its stately old mission on Sixteenth Street — marking the opening of Washington’s newest embassy in years.
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P.R. to become epicenter for LatAm business Aug. 13-14
July 20, 2015
Latin America and international commerce will be the topic of the upcoming meeting of the Business Council of Latin America, slated for Aug. 13-14.
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