Eagle Hospitality Properties Trust, which owns 13 premium-branded hotels including the 299-room Embassy Suites San Juan Hotel & Casino in Isla Verde, announced Monday it has reached an agreement with its secured lender that allows it to sell its portfolio and repay its secured debt at a discount.
The Puerto Rico Hotel and Tourism Association will mark its annual convention to be held Sept. 17-21 by asking the island’s gubernatorial candidates to outline their strategies to tackle five main “pillars” of concern to the industry: security, the current labor situation, energy costs, casino-related problems, and the much-discussed creation of the destination management organization.
The Hilton Ponce Golf & Casino Resort is marking two decades of operations in Puerto Rico’s second-largest town with some $500,000 in property upgrades — including a waterpark and upgraded pool facilities — that should be completed next month, José Caro-Cohen, business development director told News is my Business.
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