Tourism industry looks to positive winter season
November 23, 2015
What with new airline connections, more cruise ships docking into port and demand for hotel rooms, things are looking up for Puerto Rico's tourism industry as the winter season goes into high gear next month.
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Tourism Co. budget holds up despite casino closings
November 23, 2015
Casino closings this year have not adversely impacted the budget of the Puerto Rico Tourism Co. which depends largely on casino taxes for its operations, Executive Director Ingrid Rivera-Rocafort told News Is My Business.
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Medical tourism industry making inroads in Puerto Rico
November 20, 2015
A year after its establishment, the Medical Tourism Corp. has spearheaded Puerto Rico’s efforts toward the fulfillment of specific projects that are generating an immediate economic impact for the sector, the entity’s Executive Director Francisco G. Bonet said Thursday.
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Crowley breaks ground on $48.5M Isla Grande upgrades
November 18, 2015
Crowley Puerto Rico Services Inc. announced Tuesday it has broken ground on a $48.5-million construction project for a new pier at its Isla Grande Terminal in San Juan.
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Nonprofits collaborate to study P.R.’s visitor’s economy
November 13, 2015
The Foundation for Puerto Rico and the Universidad del Este’s José A. (Tony) Santana International School of Hospitality signed an agreement Thursday to conduct a study that will help promote and develop Puerto Rico’s so-called visitor’s economy.
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Casino Metro betting on new games, expanded hours
November 4, 2015
The Casino Metro is betting the house on new slots, gaming tables and special events to continue bucking the negative trend hitting the industry, as it marks six years of operations at the convention center district in Miramar, casino General Manager Ismael Vega said.
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Fiscal crisis hasn’t dented P.R.’s tourism industry, so far
October 20, 2015
Puerto Rico is $73 billion in the hole, a sustained drought recently led to severe water shortages — at one point forcing some San Juan residents to limit their showers to two a week — and potential rival Cuba is about to open up the floodgates to U.S. visitors.
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Owners: Hyatt House exceeds 1st year expectations
October 19, 2015
With prolonged and recurrent stays, the guests of Hyatt House San Juan, located at the Convention Center District in Miramar, have propel the propert to surpass its first-year expectations, Francisco Mariani, manager of Hyatt Puerto Rico said.
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Study: P.R. nabs $198M in cruise ship business in ’14-’15
October 8, 2015
Puerto Rico benefitted from $198 million in total cruise tourism expenditures during the 2014/2015 cruise year, which in turn, generated 5,209 jobs and $75 million in wages, according to a study released Wednesday by Business Research & Economic Advisors.
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El San Juan Resort & Casino launching $40M upgrade
October 1, 2015
The new operators of the El San Juan Resort & Casino, Aimbridge Hospitality, will be embarking on a $40 million renovation and rebranding of the iconic property, slated to begin in April 2016 and be ready by next fall, the property’s new General Manager Jeff Lesker said Wednesday.
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Hotels get P.R. Medical Tourism program certifications
August 20, 2015
Puerto Rico Medical Tourism Corporation and Florida-based Medical Tourism Association announced Wednesday the Caribe Hilton and the Condado Plaza Hilton are the island’s first hotels to be certified after the training and inspection process under the Medical Tourism Program.
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P.R. to host Caribbean Hotel investment summit in Nov.
August 12, 2015
Puerto Rico will host the 5th edition of Caribbean Hotel Investment Conference and Operation Summit.
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$6M Nayara Toro Verde hotel to open in Orocovis
August 5, 2015
The mountain town of Orocovis will become home to the future Nayara Toro Verde Hotel, a project that represents a $6 million investment and the arrival of the Nayara luxury hotel chain, exclusive until now to Costa Rica, the Puerto Rico Tourism Co. announced Tuesday.
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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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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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