1 minute checked out CBRE Hotels February, 7 2024 Caribe Hilton San Juan Hotel CBRE and JLL provide the landmark Caribe Hilton to the financial investment neighborhood. Extremely rewarding and located by itself 17-acre waterside peninsula in the Condado district, this remodelled 652-key resort uses remarkable upside possible in San Juan, a city with 30-years of minimal supply development, 2nd greatest RevPAR in the United States in 2021, and a beneficial tax environment. This historical Resort has numerous unique functions that make it stick out to name a few properties in the market, such as a secured beachfront experience, the most satisfying area of any hotel in San Juan, and a current $160+ million restoration. Financial investment Highlights Strong in-place capital The Resort just recently went through a $160 million ($245k/key) transformative remodelling Exceptional area within the unique Condado district, San Juan’s a lot of reputable accommodations submarket with a shortage of developable land, reducing the danger of brand-new supply Significant discount rate to approximated replacement expense U.S Jurisdiction & beneficial tax environment Excellent ease of access with the Caribbean’s busiest airport, SJU, and the Port of San Juan Value-Add Opportunities Potential for extra advancement (consisting of hotel and/or property) through usage of considerable staying density and offered arrive at website Lease presently uninhabited retail areas Resort cost increases Opportunity for extra F&B outlets and/or occasion area Grow the medspa & physical fitness subscription service & enhance its success A brand-new Hilton landscape: 1,113-keys have actually been eliminated from the Hilton system over the previous a number of years. El San Juan transformed to a Fairmont and El Conquistador is now independent For questions go to here.
Caribe Hilton San Juan Hotel in Puerto Rico Listed for Sale
