November bookings dropped by about 70%, for IHP Hospitality Corp. as a direct consequence of the COVID-19 pandemic and the government’s Executive Order, which, among other conditions, bans recreational visits to beaches and imposes a curfew. “We currently own five different hotels across the island. It’s been extremely challenging, Claire Ruiz, director of Finance and […]
Retail Value Inc. closed on the sale of the Plaza Palma Real shopping center in Humacao on Dec. 22, for $50 million prior to closing costs, prorations and other closing adjustments, it announced. The buyer was undisclosed. The net proceeds were used to repay mortgage debt associated with RVI. Last year, the mall marked its […]
The Federal Communications Commission gave its go-ahead to the sale of certain subsidiaries of Univision to investors Searchlight and ForgeLight and Grupo Televisa — but the deal is conditioned to the sale of three of Univision’s television stations in Puerto Rico. According to an order issued by the FCC’s Mass Media Bureau, Univision will have […]
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