Puerto Rican investment firm Encanto Group announce Monday the acquisition of Punta Candelero Beach Resort and Marina at Palmas del Mar in Humacao.
Five nonprofits — Casa de la Bondad, Centro de Enseñanza de la Familia, Enactus, JCI (Junior Chamber International) and Proyecto PECES — will benefit from the use of a building that FirstBank recently donated to the town of Humacao through its community reinvestment unit.
The three-day Puerto Rico Heineken International Regatta, which took place over Memorial Day weekend in Palmas del Mar in Humacao represented an economic injection of more than $1 million into area hotels and businesses, event organizers said.