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.
The San Juan Beach Hotel in Condado unveiled its $2.3 million makeover Thursday, that included renovating its rooms, and redesigning the lobby and common areas to offers a new look and affordable prices to local and international customers.