Paulson & Co. Acquires The St. Regis Bahia Beach Resort
Monday September 23rd, 2013 - 9:56AM E
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SAN JUAN, PUERTO RICO—Paulson & Co. Inc. announced that on behalf of its Recovery Funds it has acquired a majority interest in The St. Regis Bahia Beach Resort, Puerto Rico and the Bahia Beach Resort & Golf Club.
The St. Regis Bahia Beach Resort, Puerto Rico is located in a master-planned community situated on 483 acres and 25 minutes away from San Juan's Luis Munoz Marin International Airport. The 139-room St. Regis hotel features oceanfront views, two-mile crescent of sandy beach and 18-hole golf course designed by Robert Trent Jones Jr.
“We look forward to working with Paulson to continue the successful development of Bahia Beach,” stated Federico J. Sanchez-Ortiz, president and CEO of Interlink Group. “We have an exciting vision for the project and plan to develop another $500 million of residences and resort amenities over the next decade. The future bodes well for Bahia Beach and our property owners and club members.”
Tags: Paulson & Co. Inc. • St. Regis Bahia Beach Resort • Hospitality • Acquisitions •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.