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.
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.
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.
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