The Dorado Beach, A Ritz-Carlton Reserve is not under contract for sale at this time, but one of the luxury hotel’s developing partners, PRISA Group, confirmed that it is always exploring alternatives for its properties. Federico Stubbe Jr., CEO of PRISA Group, told News is my Business “as developers, after a property is stabilized, we’re […]
The third edition of Puerto Rico Coctail week, planned for Nov. 14-20 at the La Concha Resort hotel in Condado will feature a dozen educational workshops for hospitality industry professionals and cocktails lovers, as well as social activities to present new products on the market and highlight popular cocktails, organizers said. The activities will feature […]
Casino del Mar at La Concha Resort andsports betting and iGaming company, BetMGM, announced a strategic partnership through which the latter will expand its retail and mobile sports betting offerings to Puerto Rico, marking its first market access agreement outside of the US mainland. “Paulson & Co. is always in search of innovation in services […]
The Condado Vanderbilt and La Concha Resort hotels are recruiting employees for about 30 different positions, the general managers of the properties, Ben Tutt and José C. Padín, respectively, announced. “We’re looking for candidates for a variety of positions in practically all areas of the hotel and at all levels. The main requirement is to […]
Following an investment of $2.1 million, entrepreneurs Matt Moncada and Paco López officially announced the opening of Fifty-Eight, a new nightclub at La Concha Renaissance Resort in the Condado sector of San Juan. The new venue also represents a partnership with the hotel’s owner, Paulson & Co., which may open the doors for more locations […]
This edition of Climbing the Corporate Ladder features new executive appointments in the hospitality, clinical research and auto industries.
The first edition of Climbing the Corporate ladder in 2018 announces appointments in the areas of construction, insurance and Puerto Rico’s hospitality industries.
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.
Two investment groups announced plans this week to shell out a combined total of more than $460 million in separate acquisitions that will significantly strengthen Puerto Rico's status as a high-end luxury resort destination, government officials hope.
Paulson & Co. Inc., a New York-based investment firm, announced Monday it has acquired a majority interest in the Condado Vanderbilt and La Concha Renaissance Hotel and Tower, and the accompanying Condado Vanderbilt condominium towers in San Juan, for $260 million, including costs to complete construction of the Vanderbilt.
News that hedge-fund magnate John Paulson is in talks to buy the Condado duo took the International Hospitality Enterprises, the hotels' developer and operator, completely by surprise but "It's an offer to (IHE's) best advantage," said a source.
For the 6th consecutive year, a 30-foot tall, traditional Christmas tree stands in the Parque Las Nereidas, across the street from La Concha Renaissance Resort, to usher in the holiday season, gifted by Renace Condado, a nonprofit, nonpartisan community action group dedicated to beautifying and improving the high-tourist zone, and co-sponsored by the Ashford Presbyterian Community Hospital.
Negotiations for the sale of La Concha and the Vanderbilt hotels in Condado to a leading real estate investment group are reportedly underway and could culminate within the next two months, News Is My Business has learned.
The developers of the Condado Duo Hotel complex, International Hospitality Associates, have entered into a settlement agreement with the U.S. Environmental Protection Agency for discharging pollutants into the San Juan stormwater sewer system, which is connected to the Condado Lagoon.
The Voga Italian Grill, the newest option in the Condado sector of San Juan for Italian food lovers, recently opened at La Concha A Renaissance Resort, following at $1.2 million investment.
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