Monllor, Rovex to build 81-room modular workforce lodge in San Juan
Monllor Capital Partners LLC has signed a letter of intent with Rover Lodge PR LLC, known as Rovex, to finance and structure a modular workforce lodging facility in San Juan, citing increased demand for skilled-worker housing in Puerto Rico.
The firm expects a first closing under the agreement by Nov. 14, describing it as a major step in a growing sector tied to reconstruction and energy development.
Rovex is developing an 81-room modular lodging complex to house off-island workers involved in federally funded construction, energy and infrastructure projects.
The facility will include hurricane- and earthquake-resistant units built by ModulBox, federal-level security standards and optional services such as meals-to-go, transportation and on-site convenience amenities.
According to Rovex, 45 modular rooms and five common areas are already on the island, with construction underway and first occupancy expected in the first quarter of 2026.
“This partnership represents a direct investment in the infrastructure that supports Puerto Rico’s rebuilding and modernization,” said José A. Torres, managing partner of Monllor Capital Partners.
“Billions in Federal Emergency Management Agency, U.S. Department of Housing and Urban Development, U.S. Department of Energy and Army Corps projects are driving a surge in demand for extended-stay workforce housing. Rovex provides a scalable, locally compliant and cost-efficient solution for this critical market gap,” he said.
Shawn Hanson, managing partner at MCP, said the project aligns with the goals of the Opportunity Zone and Act 60 incentives programs, “stimulating long-term investment in Puerto Rico while meeting an urgent local need.”
Rovex is led by Carlos Lujan, an industry executive with experience managing energy and infrastructure projects in the United States and the Caribbean. Lujan relocated to Puerto Rico in 2022 after developing and selling a similar workforce lodging operation in Midland, Texas, that served temporary oil-field workers.
Lujan said the San Juan project is intended to assure employers that off-island staff will have “clean, comfortable, safe and affordable lodging and other amenities required when working away from home.”
The investment will be structured by MCP, with the Puerto Rico Opportunity Zone Fund II (PROZ II) serving as anchor investor.
PROZ II invests in businesses, renewable energy and infrastructure projects in federally designated Opportunity Zones throughout the island. MCP, founded in 2018, manages investments in sectors tied to Puerto Rico’s economic development priorities.
MCP and Rovex said they expect demand for temporary workforce lodging to grow as reconstruction funding and private-sector projects continue to expand. The companies said the San Juan facility could be the first of several modular complexes planned to meet that need.
