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Caribe Hilton San Juan Resort in Puerto Rico Listed for Sale




  • Caribe Hilton San Juan Resort in Puerto Rico Listed for Sale


    Caribe Hilton San Juan Resort   

​​​​​​​CBRE and JLL presents the landmark Caribe Hilton to the funding neighborhood. Extremely worthwhile and located by itself 17-acre waterfront peninsula within the Condado district, this renovated 652-key resort gives super upside potential in San Juan, a metropolis with 30-years of restricted provide progress, 2nd highest RevPAR within the US in 2021, and a positive tax surroundings.

This historic Resort has a number of distinct options that make it stand out amongst different property available in the market, reminiscent of a protected beachfront expertise, essentially the most assembly area of any resort in San Juan, and a current $160+ million renovation.

Funding Highlights

  • Sturdy in-place money stream
  • The Resort not too long ago underwent a $160 million ($245k/key) transformative renovation 
  • Distinctive location inside the unique Condado district, San Juan’s most well-established lodging submarket with a shortage of developable land, mitigating the specter of new provide
  • Important low cost to estimated substitute price
  • U.S Jurisdiction & favorable tax surroundings
  • Wonderful accessibility with the Caribbean’s busiest airport, SJU, and the Port of San Juan

Worth-Add Alternatives

  • Potential for added growth (together with resort and/or residential) via use of great remaining density and out there land on web site
  • Lease at the moment vacant retail areas
  • Resort payment will increase
  • Alternative for added F&B retailers and/or occasion area
  • Develop the spa & health membership enterprise & enhance its profitability
  • A brand new Hilton panorama: 1,113-keys have been faraway from the Hilton system over the previous a number of years. El San Juan transformed to a Fairmont and El Conquistador is now impartial

For inquiries go to right here.

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