Monday September 23rd, 2013 - 9:56AM
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.”