Earlier this month, the El San Juan Hotel & Casino — an icon of the bustling Isla Verde tourism strip — closed temporarily as it undergoes a $60 million top-to-bottom redesign of virtually all public areas and guestrooms to attract a new type of client seeking a luxury lifestyle, as well as group business.
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.