Lufthansa Technik and the Puerto Rico government announced Thursday an agreement to create a new $57 million aviation maintenance, repair and overhaul facility in Puerto Rico, which will service short-haul and medium-haul aircraft.
InterContinental Hotels Group announced Wednesday the opening of the first Holiday Inn Express hotel in the Condado area of San Juan.
The World Tourism Organization released its latest Global Report on the Meetings Industry in which validates that from the 1,087 million international tourists recorded in 2013, between 20 and 22 percent traveled for business reasons, standing firmly as one of the main development engines of the tourism industry and an important source of income, employment and investments.
InterContinental Hotels Group announced Thursday the completion of a $22.2 million renovation of the iconic, Morris Lapidus-designed InterContinental San Juan, one of the Caribbean’s most recognized properties.
The Puerto Rico Hotel and Tourism Association offered details Wednesday of this year’s edition of Saborea Puerto Rico: A Culinary Extravaganza, which trade group President Clarisa Jimenez called “the most important culinary event in the Caribbean.”
Puerto Rico is aiming to boost its cruise business with an aggressive pitch this week at the world’s biggest cruise industry convention, Cruise Shipping Miami.
Two investment groups announced plans this week to shell out a combined total of more than $460 million in separate acquisitions that will significantly strengthen Puerto Rico's status as a high-end luxury resort destination, government officials hope.
Paulson & Co. Inc., a New York-based investment firm, announced Monday it has acquired a majority interest in the Condado Vanderbilt and La Concha Renaissance Hotel and Tower, and the accompanying Condado Vanderbilt condominium towers in San Juan, for $260 million, including costs to complete construction of the Vanderbilt.
Puerto Rican investment firm Encanto Group announce Monday the acquisition of Punta Candelero Beach Resort and Marina at Palmas del Mar in Humacao.
U.S. travelers seeking to get the most bang for their buck when traveling to the Caribbean over spring break should consider Puerto Rico first, as it has been ranked as the “least expensive destination” by TripAdvisor’s TripIndex Caribbean survey released Wednesday.
The seventh edition of the Puerto Rico Open is officially underway at the Trump International Golf Club in Río Grande, an event that is expected to have an economic impact of $22 million and reach more than 500 million homes, Puerto Rico Tourism Co. Executive Director Ingrid I. Rivera-Rocafort said during a news conference Wednesday.
The $38 million Hyatt Place & Casino Atlántico opened its doors Tuesday in the northern town of Manatí, looking to establish itself as the place to stay for medical tourists and executives of nearby pharmaceutical and manufacturing plants, hotel executives said.
Ports Authority officials admitted Monday before the Senate that the agency is not inspecting 100 percent of incoming cargo containers delivered by the different shipping companies that serve the island.
Two proposals have been submitted to date for the lease, design, construction and operation of a distribution center at the Rafael Hernández Airport in Aguadilla, according to Puerto Rico Trade & Export Co. officials.
News that hedge-fund magnate John Paulson is in talks to buy the Condado duo took the International Hospitality Enterprises, the hotels' developer and operator, completely by surprise but "It's an offer to (IHE's) best advantage," said a source.
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