This will be the first Autograph Collection Resort in Puerto Rico.
Paulson Puerto Rico owns and operates several properties and businesses in the hospitality industry.
Paulson & Co. announced completed and projected renovations for one of its many real estate properties in Puerto Rico, the 270 Plaza building in Hato Rey, better known as the McConnell Valdés building
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.
Paulson & Co. Inc., a New York-based investment firm, announced Monday that on behalf of its Recovery Funds it has acquired a majority interest in The St. Regis Bahía Beach Resort, Puerto Rico and the Bahía Beach Resort & Golf Club.
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA