On behalf of Tishman, Newmark Knight Frank has arranged a $30 million floating-rate loan from Banco Popular for the refinancing of the Sheraton Old San Juan on behalf of its client Tishman, the companies announced. Tishman has been operating the nine-story, 240-room, hotel and retail property since 2004 and acquired the property in 2015. The […]
The property has also announced the new $85 million beachfront, ultra-luxury residential development, Ocean Drive, as well as The Atlantic Drive Estates and plans for a resort expansion.
The Candelero Beach Resort in Palmas del Mar community in Humacao will reopen next month, following a $3 million renovation.