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prima:Brock Pierce transfers former W Hotel land in Vieques to pay off debt

He transferred the property to a company linked to Puente Investments for $9.72 million

December 19, 2023 - 11:51 PM

Archival note
This content was published more than 11 months ago.
El paso del huracán María el pasado 20 de septiembre causó estragos en el W Retreat & Spa, así como en el resto de la isla municipio de Vieques. Como resultado de los daños, el hotel de lujo permanecerá cerrado hasta nuevo aviso.
The once-luxury W Retreat & Spa hotel on the north coast of Vieques did not reopen after the devastation of Hurricane Maria in 2017. It was acquired by a Brock Pierce corporation in December 2021 and is now owned by an investment fund. (xavier.araujo@gfrmedia.com)

Crypto-billionaire Brock Pierce no longer owns the land of the abandoned W Hotel in Vieques, as he transferred the property to the company VRRRF LLC to pay off a private loan that used the property as collateral.

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