Historic Condado Plaza Hilton hotel on the market in Puerto Rico
The Condado Plaza Hilton in the capital of Puerto Rico has been put up for sale. The historic hotel in San Juan originally opened in 1964 on the beachfront in the trendy Condado neighbourhood. The luxury property has eight restaurants and bars, four outdoor swimming pools, a fitness centre, 54,000 square feet of flexible meeting space and a naturally-protected swimmable beach.
A historic hotel in one of the hippest neighbourhoods in San Juan, Puerto Rico is up for sale. The beachfront Condado Plaza Hilton is on the market with 572 guest rooms and suites, and an array of luxury facilities.
The upscale hotel is located in the popular Condado district in San Juan on the Caribbean island of Puerto Rico, and it has been open since 1964. The hotel boasts ocean-facing guest rooms, a naturally-protected swimmable beach, and 54,000 square feet of flexible meeting space.
“The Condado Plaza Hilton represents a rare opportunity to acquire a premier beachfront property with value enhancement optionality.
“The recent sale of the nearby San Juan Marriott Resort & Stellaris Casino demonstrates that institutional capital is returning to this market, which has no new supply, exceptional airlift and the best tax incentives in the United States.”
Explained Andrew Dicke, the listing partner from JLL Hotels & Hospitality Group.
The two-tower property has a wide range of accommodation options that face the lagoon, beach and city, and feature private balconies or terraces. Laguna Tower overlooks Condado Lagoon and is situated near the hotel’s modern fitness centre and business centre, while Ocean Tower overlooks the sparkling sea and is close to the main facilities such as a swimming pool, the restaurants and the main reception.
In-room amenities include mini-fridges, coffee makers, king size or two queen-size beds, private balconies, and flat-screen TVs. Guests who want to upgrade to the suites can enjoy full kitchens, separate dining areas, wet bars, ergonomic chairs and large work desks, Nespresso Coffee Machines and iHome entertainment stations.
Facilities at Condado Plaza Hilton include tennis courts, a fitness centre, and four swimming pools, including a children’s pool with water slide and a saltwater pool. There are nine restaurants and bars including three Lobby bars and a Starbucks. Restaurants include Pikayo with Eastern European and African classics and traditional Puerto Rican dishes, the al fresco Aqua Bar and Grill, Café Caribe with pasta dishes and pizzas, and the Eight Noodle bar with Asian cuisine.
In the capital’s trendy Condado district, tourists are close to Old San Juan with its narrow streets, old theatres, museums, and green parks with views of the harbour and mountains, and the Luis Munoz Marín International Airport is just five miles away. The city’s streets boast 16th-century Spanish colonial architecture including El Morro, El Catedral de San Juan Bautista and La Fortaleza.
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