The St. Regis Bahia Beach Resort recently received the Condé Nast Traveler Readers’ Choice Awards 2013 for the second consecutive year, a recognition granted to 25 destinations in the Caribbean chosen by the trade magazine's readers.
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.
The St. Regis Bahía Beach Resort in Río Grande, Puerto Rico’s only “AAA Five Diamond Rating” recipient, closed its second year of operations with about $30 million in revenue, representing a 10 percent year-over-year growth, hotel officials said.