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Starwood Hotels & Resorts and Interlink Group to Unveil New 503-Room Hotel -- Part of a $6 Billion, Multi-Year Sheraton Brand Revitalization -- with Superior Meeting Space, Casino, Pool, Spa and Club Lounge in Exquisite Surroundings
$150 million turnkey transaction to create upscale assisted-living facility; to invest $5 million for concierge, wellness, medical assistance, gym services
With more than 1.2 million square feet of meeting space and over 13,400 rooms, Puerto Rico continues to strive to meet the demand for additional hotel rooms to serve both the meetings and leisure market on the island.
The Caribe Hilton recently had to lay off more than 50 people due to increasing operational costs and declining room revenue.
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