The mountain town of Orocovis will become home to the future Nayara Toro Verde Hotel, a project that represents a $6 million investment and the arrival of the Nayara luxury hotel chain, exclusive until now to Costa Rica, the Puerto Rico Tourism Co. announced Tuesday.
Hedge fund investor Paulson & Co. has bought the San Juan Beach Hotel in Condado for $20 million, and plans to renovate the beachfront property that shuttered earlier this year after filing for Chapter 11 bankruptcy protection.
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.
Embassy Suites Dorado del Mar Beach Resort announced the completion of the second phase of a multi-million dollar renovation, including a full overhaul of all suites and introduction of the new Grand Hall.
In recent weeks, the private sector has continued moving ahead with job creation, naming a handful of executives in the areas of insurance and hospitality. Following are the most recent appointees.
Rincón Beach Resort, one of the most intimate and serene oceanfront boutique properties nestled in Puerto Rico’s west coast, has become the latest addition to Preferred Hotels & Resorts’ new distinctive Connect hotel collection.
The San Juan Marriott Resort & Stellaris Casino is showing off the results of a nearly four-year, $15 million renovation project of the iconic Condado-area hotel, which included its 525-room and suites, two restaurants, its casino, meeting rooms and pool area.
The Radisson Ambassador Plaza Hotel & Casino San Juan will be closing its doors April 29, citing failed attempts to sell the property during the past year.
Verdanza Hotel in Isla Verde, member of the Preferred Hotel Group, a collection of independent hotels worldwide, has completed its transition to the “lifestyle collection” of the new Preferred Hotels & Resorts brand.
The owners of the Best Western Plus Condado Palm Inn & Suites officially recently marked the second anniversary of the property located at the heart of San Juan’s trendy Condado district.
Royal Isabela, a hotel and private golf club perched on the breathtaking coastline of northwest Puerto Rico, was named among the “Top 25 Luxury Hotels in the Caribbean” and the “Top 25 Small Hotels in the Caribbean” for 2015 by TripAdvisor.
Puerto Rican executives were named recently to positions within the public relations, technology, hospitality and insurance industries.
Several hotels and a tax firm based in Puerto Rico announced executive appointments recently.
The International Association of Golf Tour Operators recently recognized the Bahía Beach Resort & Golf Club for its commitment to environmental conservation, bestowing the property with its highest award in the “Nature Conservation” category.
Hyatt Hotels Corp., PRISA Group and McConnell Valdés Consulting broke ground Tuesday on Puerto Rico’s fourth Hyatt-branded select service hotel, the $29.7 million Hyatt Place San Juan.
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