Hyatt House San Juan, Puerto Rico
LOS ANGELES – Jan. 11, 2024 – PRLog — JRK Property Holdings, through its $350 million hospitality fund, hasactually obtained a two-property, 275-key Hyatt-branded hotel portfolio in San Juan, Puerto Rico from the PRISA Group for an concealed cost.
The portfolio consistsof 2 premium select-service hotels situated within the Puerto Rico Convention District: the 149-room Hyatt Place San Juan and 126-room Hyatt House San Juan. Developed by the seller within the past 8 years, both residentialorcommercialproperties haveactually been justrecently refurbished consistingof lobby revitalize, upgraded F&B outlets, and guestroom and passage enhancements. Both homes were developed to fulfill the needs of San Juan’s lively leisure, business, and tourist service with resort design swimmingpools, physicalfitness centers and conference and occasion area.
The hotels advantage from various need motorists consistingof their distance (one block) from the 600,000-square-
JRK’s Hospitality Fund focuses on complete- and select-service hotels for opportunistic and value-add financialinvestments throughout the country. The fund targets deals of more than $25 million and up to $1+ billion for portfolios, which would be made through its completely discretionary fund madeup of high-net worth indi