Hard Rock Café to open in Ponce, as fate of San Juan location unconfirmed
August 28, 2020
The new Hard Rock Café under construction in Ponce is slated to open in November, inside the Aloft Hotel — which will debut as the second to fly the flag owned by Marriott in Puerto Rico and entailed a $15 million investment. The 125,000 square-foot property will feature 152 guestrooms, 15,000 square feet of convention […]
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Puerto Rico Retailers Association launches awareness campaign against COVID-19
August 26, 2020
The Puerto Rico Retailers Association (known as ACDET, in Spanish) launched an educational campaign to create awareness among businesses and consumers calling for living “in a more serious and responsible way in our new reality of COVID-19.” The campaign was designed to urge Puerto Rico residents to not let their guards down, and for businesses […]
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Puerto Rico restaurant owners ask governor for more flexibility
August 13, 2020
The Puerto Rico Restaurants Association sent a letter to Gov. Wanda Vázquez asking her to ease the conditions under which they will operate after the current Executive Order restricting economic activity to curb the spread of COVID-19 expires on Aug. 15. In the letter, the trade group — which represents about 4,500 local commercial establishments […]
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Former Che’s in Punta Las Marías to become Buenos Ayres Market & Grill
August 5, 2020
The Buenos Ayres Argentinian Bar & Grill, a 21-year resident of the Condado sector in San Juan, will be moving to another familiar location in Punta Las Marías, occupied by the former Che’s restaurant, this media outlet confirmed. The move is slated to happen in December. The new restaurant will be part of a broader […]
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Applebee’s invests $1.6M into 8th location in Puerto Rico, in Montehiedra
July 23, 2020
Grupo Colón-Gerena, the franchise holder for Applebee’s casual dining restaurants in Puerto Rico, announced the opening of the chain’s eighth location, near the Montehiedra Outlet center. The new eatery opened its doors recently, following a $1.6 million investment that will also create 169 new jobs, the company said. Due to the timing of the opening, […]
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O’Reilly Auto Parts opening 1st store in Puerto Rico
July 13, 2020
Missouri-based auto parts retailer O’Reilly Auto Parts is opening its first store in Puerto Rico, on Route 2 in Hatillo, this media outlet learned. The store is in close proximity to two other auto parts stores that it would be competing against: Pep Boys and Advance Auto Parts. News is my Business reached out to […]
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Entrepreneurs to open 15 Mr. Jeff laundry service locations in Puerto Rico
July 10, 2020
A group of Puerto Rican entrepreneurs announced the arrival to the island of Mr. Jeff, a home delivery laundry service franchise originated in Spain, with the first four of 15 planned locations already open for business. The Spanish startup currently has a presence in more than 27 countries around the world with more than 2,000 […]
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MIDA poll reveals 85% of Puerto Rico consumers spent more during lockdown
June 25, 2020
A study by the Chamber of Marketing, Industry and Food Distribution (MIDA, in Spanish) confirmed what was a broadly felt perception among consumers: they spent more on their purchases during the three-month lockdown in Puerto Rico. The results of the “Behind the mask…a Consumer X-Ray 2020” study show that 85% of consumers who participated in […]
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Puerto Rico’s 1st Duck Donuts store opens in Bayamón
June 25, 2020
Pennsylvania-based Duck Donuts announced the opening of its first Puerto Rico franchise store located in Plaza Río Hondo in Bayamón. This store is the first of three Duck Donuts franchise locations planned for Puerto Rico, in partnership with local entrepreneurs Jorge Ramos, Juan Carlos Piñero, and Delmarie Ayala over the next three years. This media […]
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Sam’s Club Puerto Rico launches pick-up service for online purchases
June 18, 2020
Sam’s Club Puerto Rico has launched a new service through which its members, including Business members, can order through the Sam’s Club mobile application or its website, and pick it up at the selected club store. Through the service, members can choose the products that are identified as “Pickup in Club” and place them in […]
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Simon Property Group ends deal to buy Taubman Centers
June 11, 2020
Simon Property Group Inc., which in February 2020 announced plans to acquire rival mall operator Taubman Centers Inc. for some $3.6 billion, confirmed it has terminated the deal. The retail giants have properties worldwide, including Plaza Carolina, a Simon property, and The Mall of San Juan, which Taubman opened in 2015. Both shopping centers reopened […]
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Puerto Rico shopping center execs ask governor to extend operating hours
June 9, 2020
The Puerto Rico Association of Shopping Centers said following a “successful” first week of reopening after a nearly three-month shutdown, they are “ready for the next phase,” and asked Gov. Wanda Vázquez to allow them to return to regular operating hours. “We’re proud of the result of the reopening, since it was carried out in […]
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New $2.6M Olive Garden restaurant opens in Santa Isabel
June 9, 2020
Grupo Colón-Gerena, parent company of the Olive Garden franchise in Puerto Rico, announced the opening of its sixth location on the island, following an investment of $2.6 million. The 6,000 square-foot restaurant is the first in the southern region, located in Santa Isabel. It is generating 92 jobs in the midst of the COVID-19 pandemic. […]
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Grupo Colón-Gerena donates $12K in food to El Comedor de la Kennedy
June 3, 2020
Six of 10 minors in Puerto Rico go to bed hungry and to battle against this reality caused by poverty, the Grupo Colón-Gerena established an alliance of food donations, as well as voluntary work with the nonprofit entity El Comedor de la Kennedy, by Chef Iván Clemente, who serves thousands of people every month. This […]
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Urban Edge Properties closes $119M debt refinancing at The Outlets at Montehiedra
June 2, 2020
Urban Edge Properties announced it has completed the refinancing of its $119 million mortgage loan at The Outlets at Montehiedra in San Juan. The existing commercial real estate loan was due to mature in July 2021 and consisted of an $83 million senior note bearing interest at 5.33% and a $36 million junior note, including […]
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