Newly Acquired Wyndham Palmas Beach & Golf Resort to Receive Capital Infusion
SAN JUAN – The 107-room Wyndham Candelero Beach Resort in Humacao, Puerto Rico is being rebranded as the Wyndham Palmas Beach & Golf Resort following its acquisition from Palmas Hill Partners LLC.
A partnership co-owned and managed by LionGrove acquired the resort, and an affiliate of the hospitality investment firm will manage the property.
The firm said the hotel will receive “an immediate infusion of capital in order to augment the recently completed enhancements at the hotel.”
The resort has two golf courses designed by PGA four-time champion Gary Player and renowned architect Rees Jones. The property also has Puerto Rico’s largest tennis complex and features an expansive beach and a Yacht Club Marina. The food and beverage options offered include two bars, a wine cellar room, a restaurant featuring a combination of traditional Puerto Rican and international cuisine, as well as wood-oven pizzas and a Coffee Shop featuring the local coffees from Gusto’s.
“As part of our management of the hotel, we are committed to having a highly guest-centric culture and expanding employee benefits and training, while being a great citizen within the Palmas del Mar community, implementing multiple green initiatives and serving as a cultural and social gathering point for all,” Operations Vice President Samuel Hugli said in the media release.
“We are very excited to now co-own and manage the Wyndham Palmas Beach and Golf Resort and to offer our hotel guests new and elevated experiences, while serving as the perfect getaway for our guests to enjoy the many offerings of our hotel and our luxurious Palmas del Mar resort community,” said Andro Nodarse-León, founder and CEO of LionGrove.
“We are thrilled to be a part of the Palmas del Mar community and we look forward to building upon the recent renovation that Palmas Hills completed to add new and unique experiences at the Wyndham Palmas Beach and Golf Resort for the enjoyment of the residents of the Palmas del Mar community and the many guests that visit us from within Puerto Rico, the U.S. and internationally,” added Chris Sariego, managing director and COO of LionGrove.
With nearly 18,000 square feet of banquet space, Wyndham Palmas Beach and Golf Resort, offers indoor and outdoor setting for business or social events.
Liongrove said the Wyndham Palmas Beach and Golf Resort has an economic impact on the area and generates about 140 direct and indirect jobs. The firm’s affiliates co-own and asset manage the Fairmont El San Juan Hotel as well. LionGrove and its affiliates have offices in Miami and San Juan.
For more information, visit www.wyndhampalmas.com