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.
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.
While the average of air passenger departures out of U.S. mainland airports has gradually risen in the past 12‐months, the same activity out of Puerto Rico airports has zigzagged, according to Banco Popular’s “Progreso Económico” report released Thursday.
The Federal Aviation Administration will hold on Sept. 28 what will likely be the only public hearing on the proposed public-private partnership through which the government of Puerto Rico would turn the management of the Luis Muñoz Marín International Airport over to Aerostar Holdings, News is my Business learned.
Puerto Rico’s inclusion in MasterCard’s “Priceless Cities” program has resulted in higher-than-expected levels of success during its first year and is now being set up for an expansion beyond the San Juan metropolitan area into other towns with brisk tourism activity.
Two and half years after renowned Restaurateur and Chef Alain Ducasse opened his first restaurant in the Caribbean, miX on the beach at the W Retreat & Spa in Vieques Puerto Rico, the hotel announced a new eatery, Sorcé, has taken its place.
Construction of the $38 million Hyatt Place in Manatí got underway Tuesday, when developers and government officials gathered to offer details about the property that will cater mostly to the pharmaceutical and manufacturing plants in the area.
The transaction has yet to receive the final go-ahead from the Federal Aviation Administration, but Grupo Aeroportuario del Sureste is already in the planning stages of several significant changes ahead for all three terminals in use at the Luis Muñoz Marín International Airport that include new commercial spaces and shuffling things around, company officials said last week in Cancún.
CANCÚN, Mexico – Based on the premise that aviation and airports are a global industry, Mexico’s Grupo Aeroportuario del Sureste (ASUR) is planning to apply the same high operating standards it has in place at the Cancún International Airport in this busy tourism hub to the Luis Muñoz Marín International airport in San Juan.
U.S Transportation Secretary Raymond LaHood took a tour of some of Puerto Rico’s major infrastructure projects Tuesday, when Gov. Luis Fortuño outlined the $23 million in federal funds the island is spending on safety and airport development projects.
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