FirstBank grants $777K in financing to Grupo Minuto
June 21, 2017
FirstBank announced Tuesday it has expanded its business relationship with Grupo Minuto, LLC. by financing the restoration and remodeling of a new hotel project in Old San Juan, granting $777,000 in financing.
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Sale of Marriott to XLD Group ‘positive for hotel, PR’
May 15, 2017
The recent sale of the San Juan Marriott Resort and Stellaris Casino in Condado to Chinese investors XLD Group is a “positive step for the property and for Puerto Rico as a destination,” Joaquín Cruz, director of marketing for the iconic property told this media outlet exclusively.
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Report: SJ Marriott hotel sold to unnamed Chinese buyer
May 8, 2017
The San Juan Marriott Resort and Stellaris Casino in Condado has reportedly been sold to unnamed Chinese investors, for some $184 million, according to real estate site The Real Deal.
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Tourism Co. turns attention to PR’s budding hostel sector
March 27, 2017
The upcoming launch of a premium hostel in the Condado area is sure to draw more attention to this type of lodging geared to young travelers but gaining traction with budget travelers of all ages.
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$13.5M Aloft Hotel Marriott breaks ground in Ponce
January 26, 2017
Public and private sector representatives broke ground Wednesday on what will be Puerto Rico’s first Starwood Aloft Hotel Marriot in Ponce. The property will entail a $13.5 million investment, officials said.
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$230M Cayo Largo hotel breaks ground in Fajardo
December 22, 2016
More than two decades after hotel and government officials unveiled the project with much fanfare, Gov. Alejandro García-Padilla headed a groundbreaking ceremony Wednesday for the Four Seasons-Cayo Largo hotel in the Eastern town of Fajardo.
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El San Juan Hotel to reopen in Feb. ’17, joins Curio brand
December 22, 2016
El San Juan Hotel executives announced Wednesday that the iconic property will open its doors as part of Curio – A Collection by Hilton to travelers and locals on Feb. 5th, 2017.
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O:live nabs ‘America’s Best Design Boutique Hotel’ honor
November 25, 2016
O:live Boutique Hotel has been recognized once again by the London-based Boutique Hotel Awards.
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Columbus Landing renews controversy in Aguadilla
November 21, 2016
Economic development and the natural environment are frequently at odds in Puerto Rico and the latest example of this conflict is a renewed controversy over a tourist resort planned near Aguadilla, on Puerto Rico’s west coast.
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Costa Bahía Hotel opens Blue Dolphin Casino
October 21, 2016
As part of the remodeling and expansion of its facilities, the Costa Bahía Hotel & Convention Center announced Thursday the opening today of its new $5.4 million Blue Dolphin Casino.
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New $3.6M School of Tourism opens in Mayagüez
October 14, 2016
Jorge Iván Vélez-Arocho, president of the Pontifical Catholic University of Puerto Rico, announced Thursday the opening of the $3.6 million University School of Tourism, Hospitality and Culinary Arts (EUTHAC, its Spanish acronym) in the college’s Mayagüez campus.
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Historic Normandie Hotel on the block for $9M
August 30, 2016
The Normandie Hotel, opened in 1942 and declared a national historic site in August 1980, has been put up for sale by owners Interra-Sky Normandie for $9 million, this media outlet learned exclusively on Tuesday.
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$15.5M Lares hotel planned based on PR coffee tradition
August 29, 2016
LARES — One of Puerto Rico’s most prominent coffee-growing families is pouring $15.5 million into a complex that includes Hotel Hacienda Lealtad — a five-star boutique mountain resort aimed at wealthy tourists with a passion for gourmet coffee.
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Iconic El San Juan Hotel & Casino $60M rebirth on track
August 25, 2016
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.
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Jamaica expects massive hotel growth in ’16
April 18, 2016
Jamaica, which recently inaugurated a new prime minister, expects “substantial growth” in tourist arrivals this year.
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