SAN JUAN, P.R.
Aimbridge Hospitality Fundamental Advisors LP recently announced that along with partners León, Mayer & Co., and Aimbridge Hospitality, it has acquired the iconic El San Juan Resort & Casino, a Hilton Hotel from an affiliate of Blackstone. Terms of the transaction were not disclosed.
El San Juan, established in 1957, is a 387-room hotel overlooking two miles of pristine beach in the Isla Verde district of San Juan. It boasts an 11,000-square-foot grand ballroom (second largest in San Juan), three pools, nine restaurants, 15 active bars, lounges and nightclubs, a 7,500-square-foot casino and 12 beachfront acres.
Just two miles from Puerto Rico's international airport, the property is located in a neighborhood known for upscale boutiques, beautiful beaches and eclectic restaurants, bars, and live music venues.
Together with partners León Mayer and Aimbridge, Fundamental has announced plans to significantly enhance the property's offerings and revitalize the resort to its original splendor by capitalizing on the investor group's expertise in the hospitality sector and experience in the region. As part of a planned revitalization of the property, the investor group is committed to significantly upgrading the resort's facilities through a substantial capital expenditure investment in an effort to create a true luxury lifestyle property.
