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prima:Royal Isabela Hotel Sold for $64 Million

The acquisition comes at a time when investors are setting their sights on Puerto Rico to invest in luxury tourism and other hotel segments

October 16, 2023 - 2:36 PM

Archival note
This content was published more than 1 year ago.
The sale, according to the documents, took place on May 23 this year and was divided into eight transactions totaling $64 million. (GFR Media)

After several years of negotiations with potential partners or buyers, Puerto Rican brothers Stanley and Charlie Pasarell, along with their partner Edwin Pérez, sold the Royal Isabela hotel.

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