Hyatt Hotels Corporation and Island Hospitality Partners, LLC, a joint venture of PRISA Group and McConnell Valdes Consulting, announced Monday the start of construction of the new Hyatt House San Juan, which is expected to open in fall 2014. The total investment in the new property to be located in the Puerto Rico Convention District in Miramar was estimated at $28.7 million.
Puerto Rico is putting on its best face this week as members of the International Congress and Convention Association gather on the island for their weeklong 51st annual convention.
Royal Isabela — the $100 million golf community and private membership club perched on dramatic bluffs at the northwest edge of Puerto Rico — was officially inaugurated Thursday, with government and private sector executives on hand for the ceremony.
Folks who like to dream big, explore and discover natural wonders will now have the opportunity to enjoy a variety of unique adventures by air and by sea with Seaplanes in Paradise & San Juan Water Tours, which recently launched services from Pier 6 in Old San Juan.
The Puerto Rico government is reviewing a request by one of the island's main hotel operators to restructure the loan that helped pay for the renovation of two landmark hotels: La Concha Renaissance Resort & Casino, currently in operation, and the Condado Vanderbilt Hotel, which shut down 15 years ago and reopens on Tuesday in a phased manner.
New luxe hotel properties, a higher return for investors, and greater satisfaction by cruise passengers visiting the island are spelling out a brighter outlook for Puerto Rico's tourism industry, according to Tourism Co. Executive Director Luis Rivera Marín.
Two months ahead of its scheduled grand opening, the Dorado Beach, a Ritz-Carlton Reserve announced this week it has begun accepting reservations to stay at what will be Puerto Rico's most lavish hotel property.
With an economy still struggling and health costs soaring, many United States residents are opting to seek quality medical care at lower prices, and this is a niche that has enormous potential for Puerto Rico, as the island offers high quality healthcare at 40 percent to 60 percent less than the U.S.
While dozens of representatives from the public, private and labor sectors asked for a turn to speak during last Friday’s Federal Aviation Administration-sponsored hearing on the proposal to transfer the operation of Puerto Rico’s main airport facility, the Luis Muñoz Marín Airport, out of the government’s hands, others have opted to go online to express their thoughts on the historic transaction.
The president of Puerto Rican airline Air Flamenco asked the local government to reconsider its endorsement of a subsidy to Massachusetts-based Cape Air for flights connecting the Luis Muñoz Marín International Airport.
The Financial Institutions Commissioner (known as OCIF for its initials in Spanish) announced Thursday it issued a “Cease and Desist” order against Hotel Campomar and Restaurant in Toa Baja, and its president Carlos Fuentes, for operating an unlicensed gambling hall.
Upon determining that the final application from the Puerto Rico Ports Authority and the Puerto Rico Public-Private Partnerships Authority to turn the management of the Luis Muñoz Marín International Airport over to private hands is “substantially complete,” the Federal Aviation Administration officially opened a 60-day review period.
Gov. Luis Fortuño told Puerto Rico hoteliers Wednesday he will be signing an executive order next week to formally establish a public-private workgroup to outline the structure and duties of what will be the island’s Destination Management Organization.
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.
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA