Henderson Park Declares Acquisition of Hyatt Regency Gargantuan Reserve Puerto Rico
CHARLESTON, South Carolina, and BOSTON, Massachusetts—Henderson Park announced that it has performed the acquisition of Hyatt Regency Gargantuan Reserve Puerto Rico in Río Grande, Puerto Rico. Pyramid World Hospitality has been chosen to feature the hotel. The acquisition of the resort by a joint endeavor between Henderson Park and Pyramid marks every companies’ first funding in Puerto Rico.
Property Details
Hyatt Regency Gargantuan Reserve is a beachfront resort positioned on a private peninsula in Río Grande, Puerto Rico, flanked by the Atlantic coastline and the El Yunque National Forest. The resort entails 579 guestrooms, suites, and villas; four pools; 37,000 square feet of flexible indoor and exterior assembly and occasion tell; fourteen dining and drink venues; the total-provider Rainforest Spa; rep entry to to a 27-hole championship golf course; tennis and pickleball, and extra.
Statements From Management
Cut Weber, chief govt officer and founding father of Henderson Park, acknowledged, “Puerto Rico represents a extremely elegant institutional market, and we contain long sought the elegant opportunity to put our presence here. We have got chanced on that within the Hyatt Regency Gargantuan Reserve. This funding is supported by compelling fundamentals, including much request from the U.S., expanding airlift, favorable tax incentives, and solid market dynamics. The island’s distinctive custom, nice looking neighborhood, and natural elegance manufacture it a compelling go location for vacationers and a station the build we’re proud to make investments. We dwell up for persevering with to grow our presence in Puerto Rico over the long term.”
Warren Fields, chief govt officer of Pyramid World Hospitality, acknowledged, “Hyatt Regency Gargantuan Reserve represents a essential opportunity for our crew and a necessary milestone as our first hotel in Puerto Rico, a market that has shown lasting strength and resilience as every a leisure and commercial go location. Our focal point will be on supporting the resort associates who elevate the consumer trip every single day, whereas also making utilize of the disciplined operations, management, and efficiency mindset our partners quiz for the duration of this advanced, go location-driven resort.”
